The NRL has announced it has increased both the NRL and NRLW salary caps for the 2023 season.
The men's salary cap will increase to $12.1 million next year ($9.6m in 2022), whilst the women's cap will grow to $884,000 in 2023 ($350,000 last season).
Friday's decision marks a 25 per cent and 153 per cent increase in the overall salary caps for the NRL and NRLW, respectively.
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The men's NRL Premiership cap will also increase for each club's top 30 players to a historic high of $11.45 million, representing a 22 per cent increase from the 2022 figure.
As part of the new deal, the NRL have announced that the minimum salary for all male players in a club’s top 30 NRL squad will rise to $120,000.
On top of this, development list caps will grow from $240,000 to $650,000.
For the women's Premiership, the 153 percent salary cap increase comes amid a four-team expansion for 2023.
The NRLW will welcome the Canberra Raiders, Cronulla Sharks, North Queensland Cowboys and Wests Tigers to the competition next season.
It represents a rapid growth in Australia's premier women's rugby league competition, which began with just four teams in 2018.
The 2024 salary cap will be confirmed once a new collective bargaining agreement (CBA) is finalised.
