he is retired ... that much has confirmed.
the nrl haven't determined whether he meets the requirements of a medical retirement yet.
if he does, then this deal means nothing
if he doesn't then his salary will be carried on the cap, so this deal means nothing ... if Souths have to carry his salary on the cap, then it doesn't really matter what deal they work out with Sam to get his money. Sam is well within his rights to tell Souths that he'll take his cash over 10 years in exchange for training him as a sports administrator (and guaranteeing him a job) ...