A new six-year deal between the Welsh Rugby Union and the nation’s four professional teams has been signed.
The deal involving the governing body, Cardiff, Dragons, Ospreys and Scarlets will run until 2029.
A statement said the Professional Rugby Agreement “provides financial predictability”.
Salary caps will be implemented from the start of the 2023-24 season with “fixed” and “fixed and variable” deals available to players.
The salary cap for 2023- 24 will be £5.2m for each of the four teams, reducing to £4.5m the following season.
Before the deal was agreed and announced, the WRU and leadi...