McGuire says Collingwood will not release Eade until his club is compensated by Gold Coast or the AFL.
Collingwood president Eddie McGuire says the club will not release Rodney Eade to the Gold Coast Suns until they are provided with compensation.
Eade has reportedly accepted a three-year deal to become the Suns’ new head coach, however he still remains contracted to the Magpies until the end of 2016.
McGuire told the Herald Sun the Pies would demand compensation, no matter who it came from.
“There will be no deal unless we are compensated. There is now a salary cap on administrations and I won’t be paying overs for a replacement,” McGuire said.
“My man has a three-year contract and he has been totally professional, and just as Peter Gordon’s club had to dip into its pocket to get Ryan Griffen to GWS, so too someone will have to dip into their pocket to get our director of coaching.
“These are clubs screaming out that we needed a footy department cap and we are paying money to subsidise them and they are using that to take our people.
“My birthday present on the 16th anniversary of being president of Collingwood is a nice compensation cheque from Gold Coast – or the AFL, or anyone else who wants to sign one.
“Send it down to the Westpac Centre and I will send Rodney Eade back with a nice bow around him.”
Gold Coast is yet to formally announce Eade’s appointment as senior coach, but is expected to do so by the end of the week.