Collingwood have moved to extend the contracts of a raft of senior players including Adam Treloar and Steele Sidebottom to improve their tight salary cap position and lock in key players after recruiting Dayne Beams and re-signing Darcy Moore and Tom Langdon.
It's understood that Treloar, who originally signed a six-year deal in 2016, has had his contract extended by a further year, tying him to the club until the end of 2022, with the Magpies working towards extending contracts of other key players such as Sidebottom and Will Hoskin-Elliott.
Sidebottom's five-year deal was due to finish at the end of 2021 but it's understood he is likely to have his contract extended until the end of 2022 while Hoskin-Elliott, who was locked in until 2020, is also set to sign a longer deal. Others are expected to follow.
In effect, Collingwood are following a similar path to Richmond, who extended the contracts of stars Jack Riewoldt, Alex Rance and Trent Cotchin before acquiring prized free agent Tom Lynch on a six-year deal worth close to $6.5 million.
The difference is that Collingwood have completed the renegotiations after signing Beams, Moore and Langdon, having had conversations with key players to sound them out on their willingness to help the club deal with the tight salary cap in return for longer tenure.
Skipper Scott Pendlebury is already contracted until the end of 2020 while Grundy is also committed for another two years and is due to become a free agent when he is next out of contract.
The Magpies have been coy about the strategy but with the value of several emerging stars such as Jordan De Goey, Jaidyn Stephenson, Moore and Brayden Maynard expected to increase, and the ability to acquire players critical to success, they want to have room to move in the salary cap in the future.
The club's new list manager Ned Guy navigated a tight salary cap to retain the players they wanted after entering the season with 29 players out of contract, while adding Beams on a four-year deal with Jordan Roughead also joining the club.
De Goey signed a two-year deal to stay with the Magpies after receiving massive offers from North Melbourne and St Kilda early in 2018 while Langdon, who was outstanding in the Grand Final, decided to remain with Collingwood after considering an offer from the Sydney Swans.
Daniel Wells' contract expires at the end of 2019 while Chris Mayne, who played well in the grand final after a solid season, is due out of contract at the end of 2020.
The contracts of Jamie Elliott, Tyson Goldsack, Levi Greenwood and Travis Varcoe also finish at the end of 2019.
Meanwhile Collingwood reported a positive financial result after making the Grand Final in 2018.
The club underwent a significant review of their operations at the end of 2017 with interim CEO Peter Murphy leading the change before the Magpies appointed former swimming chief and respected administrator Mark Anderson as CEO for 2018.
After making a net operating loss of $2,732,624 in 2017, the Magpies rebounded well this year with a net profit of $112,052, marking almost a $3 million turnaround.
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