Welsh Rugby Union chief executive Martyn Phillips says difficult decisions will be made to ensure long-term success for the game’s future.
Welsh rugby’s governing body have been discussing a new salary banding system and regional funding model.
The pay bands would replace the current system from next season, which includes national dual contracts (NDCs).
“This is a dynamic group and we will not shy away from making difficult decisions,” Phillips said.
A new Professional Rugby Board (PRB) met this week to discuss a fresh agreement to replace the Rugby Services Agreement which was signed in 2014.
The Professional Rugby Agreement (PRA) will see the implementation of a new funding model that will give extra resources to certain regions based on performance on and off the field in different categories with targets being set.
No formal agreement has yet been activated and a statement revealed no specific details about the ongoing negotiations.
The PRB is a gathering of representatives from the five professional entities in Welsh rugby: the WRU, plus regional sides Scarlets, Ospreys, Cardiff Blues and Dragons.
‘Bold and innovative’
The January two-day meeting was chaired by independent consultant David Lovett, while chief executive Phillips, finance director Steve Phillips and head of rugby operations Julie Paterson representing the WRU.
Regional chairmen Nigel Short, Mike James, Alun Jones and David Buttress were also in attendance, while WRU chairman Gareth Davies attended as an observer.
“Nothing is off the table and we will be both bold and innovative as we ask the fundamental questions about what is best for the future of our national game,” Martyn Phillips added.
“We are all in this together and the mood in the room is one of excitement about the future, progress and impact we know we will be able to make.
“The last 18 months have been both challenging and rewarding and the last few days in particular have been productive.
“We recognise there will be tough choices ahead and may be setbacks along the way, but we are determined to do what is necessary to set the game up for long-term success.”