A caller six-year woody betwixt the Welsh Rugby Union (WRU) and the nation's 4 nonrecreational teams has been signed.
The woody involving the governing body, Cardiff, Dragons, Ospreys and Scarlets volition tally until 2029.
A connection said the Professional Rugby Agreement (PRA) "provides fiscal predictability".
Salary caps volition beryllium implemented from the commencement of the 2023-24 play with "fixed" and "fixed and variable" deals disposable to players.
The connection read: "The caller PRA provides a fiscal model which is made up of caller backing from the WRU and nine shareholders to make a sustainable level for progress.
"It provides fiscal predictability for the nonrecreational crippled successful Wales and is welcomed by each PRB members.
"Homegrown subordinate improvement volition beryllium a cardinal nonsubjective for each parties arsenic the caller PRA is designed to beforehand occurrence for some the nonrecreational nine crippled and the Welsh planetary side."
More to follow.