James Maloney will have to take a significant pay cut to remain at the Roosters next year as the fallout from the Daly Cherry-Evans backflip continues.

The Roosters have tabled their final offer to Maloney, which the former NSW pivot believes is below market value. The deal currently on the table is actually less than that originally offered, with the club not prepared to budge due to salary cap constraints.

James Maloney may have to take a pay cut if he wants to remain at the Roosters next year. Credit:Getty Images

While the departure of Roger Tuivasa-Sheck has freed up some funds, much of that money has already been used to re-sign Shaun Kenny-Dowall, while Blake Ferguson has all but agreed to terms to stay put. The club also recently re-signed key forwards Aidan Guerra​, Jared Waerea-Hargreaves, Dylan Napa and Sio Siua Taukeiaho.

Maloney and Mitchell Pearce have struck up a formidable halves pairing since the former shifted from the Warriors in 2013, culminating in a premiership just months after representing NSW together. While Pearce has returned to the interstate arena this season, Maloney hasn't yet done enough to displace Trent Hodkinson​ and earn another crack at the Maroons.