Struggling Premiership clubs had wanted to reduce the cap to from £7.5m to around £5.5m for next season, but three clubs have vetoed the idea.
They claimed it would help ease the financial burden of the Premiership being suspended, which is likely to lead to a £45m loss across the league.
However, during a meeting of clubs last week a trio of west country clubs – Exeter, Bath and Bristol – all voted against the proposal, according to The Rugby paper.
The ideas has now been scrapped.
RANKED | The 5 fastest players in the Gallagher Premiership, including Jonny May
Check out the top five from the Gallagher Premiership below…
5. GABRIEL IBITOYE – HARLEQUINS – 11.7 SECONDS (100M)
One of the most exciting young wingers in the country, the speedster has been with Harlequins since the age of 12. He was nominated for Player of the Tournament in the 2018 World Rugby U20 Championship.
4. STUART HOGG – EXETER CHIEFS – 11.6 SECONDS (100M)
Hogg broke Glasgow's club record by hitting a top speed of 36.8kmh (just under 23mph) in training. In contrast, the Greater Roadrunner bird can only hit 20mph, while, back in the human realm, the top speed ever clocked by Usain Bolt was 27.8mph in the Berlin World Championships of 2009 when he set the still-standing 100m record of 9.58 seconds.
3. ANTHONY WATSON - England - 11.2 SECONDS (100m)
Once ran a 100 metres in 11.2 seconds at a school sports day and his raw pace saw the 21-year-old have a trial for Premier League giants Chelsea. Helped England Under-20s beat Wales in the final of the 2013 Junior World Cup before making the step up to the Test side.
2. JONNY MAY – England – 10.71 SECONDS (100M)
The speedster clocked 10.71 for the 100 metres. With a strong argument to be England’s quickest wide man ever, May is gradually improving his finishing prowess and is now arguably the first name on the teamsheet for head coach Eddie Jones.
1. OLLIE THORLEY – GLOUCESTER RUGBY – 10.6 SECONDS (100M)
Lightning speed - he ran the 100m in 10.6 seconds aged 16 - and an eye for the try line. Thorley is also an eccentric character as highlighted in
this recent interview by
Sportsmail's Nik Simon.