So you have agreed as a united squad to accept a reduction in wages along with all staff, coaches etc because the finances of the club dictate they can't possibly afford to pay you according to the terms of your negotiated salary. Everyone is together in that decision and it is made very early in relation to other clubs. To a large extent you set a precedent as a squad of players in showing unity and demonstrate a great deal of empathy with the owner's difficult position. You know as a squad you can already beat anyone and lie second in the table....you have confidence in your squad.
The club repays that loyalty by signing a world class England centre (with money that has miraculously appeared out of the ether) who will almost certainly be on a significantly larger wage than you, especially after the first 12 months (if he is even around for more than a season).......You realize that if he is fit, he will play. Your appearance bonus/starting bonuses will be markedly reduced, as will your future international prospects, and you have kiboshed your self financially with a long term contract.
How would you feel if your surname was James/ Van Rensburg? Even if it wasn't, how would you feel to know your VOLUNTARY 25% wage reduction was being used to fund him?
Similar thoughts for any of the other players people would like to sign.
Moreover ask yourself why those players DEMANDED to be paid in full at Tigers despite the unprecedented circumstances. What does that say about them?
How to ruin the togetherness of a squad with one huge stab in the back?
A classic example of bad man management.