As the 2020 AFL season drew to its strange close, the trade period ended the way the year itself had unfolded — in a rush of last-minute decisions that reshaped careers and club futures alike. Jeremy Cameron and Adam Treloar, two players whose departures had long seemed inevitable, finally found new homes in the final hours, their moves carrying the weight of salary cap pressures, loyalty negotiations, and the cold arithmetic of draft capital. In a year that asked clubs to adapt or suffer, the trade deadline offered one final test of nerve — and not everyone passed.
Cameron to Geelong, Treloar to Bulldogs in frantic AFL deadline day finale
Three first-rounders for a player technically available as a free agent
So Cameron goes for three first-rounders. That seems like a lot for a free agent, doesn't it?
It does on the surface, but GWS had matched Geelong's bid under restricted free agency rules. They had the right to keep him, and they used that leverage. Three firsts is steep, but it's what happens when one club has all the power.
Though we should note—Cameron was going to leave anyway. The Giants could have let him walk for nothing. So the question is whether three firsts is actually fair value or just GWS making the best of a bad situation.
And Treloar—Collingwood is paying $300,000 a year for five years to get him out?
Essentially, yes. His contract was $900,000 a year through 2025, and the Bulldogs would only take him if Collingwood covered the gap. It's a salary cap crisis made visible.
But we don't know if that $300,000 figure is confirmed or if it's one reporter's estimate. It's being reported by SEN's Sam Edmund, which is credible, but it's worth flagging that as a number that came from one source.
Why didn't Dunkley get traded? He wanted out.
The Bulldogs and Essendon couldn't agree on terms. The Dogs thought they could keep both Dunkley and Treloar, but Essendon wanted more than the Bulldogs were willing to give. When the deadline came, the deal just wasn't there.
And now Dunkley stays at a club where he wanted to leave. That's a real outcome—not a failure of reporting, but a failure of negotiation.
What about the players who didn't move at all?
Hately and Caldwell from GWS both went to the pre-season draft. The Giants wanted more than Essendon could offer, so they got nothing instead of something. That's a hard outcome for a club.
Though again, we're working with what the Giants said they wanted versus what Essendon offered. The actual gap between those positions matters, and we don't have perfect visibility into that.
Il Polso
- Geelong surrendered three first-round picks to land Jeremy Cameron, a historic price that signals the Cats are betting their premiership window on one more serious tilt.
- Collingwood's salary cap crisis forced them to effectively pay $300,000 a year just to move Adam Treloar out the door — a humbling concession for a proud club.
- Josh Dunkley's move to Essendon collapsed entirely, leaving both clubs empty-handed as the clock expired and negotiations turned to quicksand.
- GWS lost Jackson Hately and Jye Caldwell to the pre-season draft with no compensation after talks broke down, compounding an already complicated rebuild.
- By deadline's end, Melbourne, St Kilda, West Coast, and the Western Bulldogs had all reshaped their lists — while Collingwood shed salary at almost any cost to survive financially.
As the 2020 AFL season drew to its strange close, the trade period ended the way the year itself had unfolded — in a rush of last-minute decisions that reshaped careers and club futures alike. Jeremy Cameron and Adam Treloar, two players whose departures had long seemed inevitable, finally found new homes in the final hours, their moves carrying the weight of salary cap pressures, loyalty negotiations, and the cold arithmetic of draft capital. In a year that asked clubs to adapt or suffer, the trade deadline offered one final test of nerve — and not everyone passed.
The 2020 AFL trade period closed in the only way fitting for such a year — in frantic, last-minute chaos. By Thursday evening, two of the competition's most discussed names had finally moved, though the deals that delivered them consumed enormous resources and revealed just how much pressure had been building beneath the surface.
Jeremy Cameron's destination had been an open secret, but the price Geelong paid to secure him was anything but ordinary. GWS, holding restricted free agency rights, refused to let Cameron walk without historic compensation — extracting picks 13, 15, and 20 from the first round, plus a future fourth. Geelong sent back two future second-rounders in return. Three first-round picks for a player technically available as a free agent was a statement of intent from both clubs: the Giants would not be taken advantage of, and the Cats believed Cameron was worth mortgaging significant draft future.
Adam Treloar's move to the Western Bulldogs told a different kind of story — one of financial desperation rather than ambition. Collingwood, crushed by a $900,000-per-year contract they could no longer sustain, agreed to absorb roughly $300,000 of Treloar's salary annually for five years just to complete the trade. The Bulldogs received picks 26, 33, and 42 while sending back pick 14 and a future second. It was a deal built on one club's willingness to pay to be rid of a player, and another's calculated gamble on a talent with an injury history.
Elsewhere, Ben Brown joined Melbourne, Jack Higgins departed Richmond for St Kilda, and Alex Witherden moved from Brisbane to West Coast — the latter deal delayed for days by a contract contribution dispute that Brisbane ultimately conceded. Not every negotiation found resolution: Josh Dunkley stayed at the Bulldogs after Essendon talks stalled completely, and both Jackson Hately and Jye Caldwell headed to the pre-season draft after GWS and Essendon failed to agree on terms, leaving the Giants with nothing for their departure.
Collingwood's cap crisis produced further casualties. Jaidyn Stephenson and Atu Bosenavulagi headed to North Melbourne in a pick swap, while Tom Phillips moved to Hawthorn for a modest pick 65. When the deadline finally passed, the trade period had done what 2020 always seemed to demand — pushed everyone to the edge, resolved only when time simply ran out.
The 2020 AFL trade period ended as it had to—in chaos, with the final hours producing the kind of scramble that made the whole year feel appropriately unhinged. By 7:30 p.m. on Thursday, November 12, two of the biggest names in the league had found new homes, though the path to get them there consumed nearly every negotiating chip some clubs possessed.
Jeremy Cameron's move to Geelong was the loudest statement of the day. The Giants, holding the restricted free agency rights to a player who would otherwise walk out the door, extracted a historic price: picks 13, 15, and 20 in the first round, plus a future fourth-rounder. Geelong, in return, sent back its future second-round pick and Essendon's future second as well. It was the kind of deal that made people stop and calculate—three first-rounders for a player technically available as a free agent, but one GWS had matched a bid on and refused to let go without compensation. The Giants had made clear they weren't interested in leaving money on the table, and they didn't.
Adam Treloar's journey to the Western Bulldogs carried its own weight. Collingwood had been trying to move him for weeks, burdened by a contract that paid him $900,000 annually through 2025—money the club simply couldn't afford in their squeezed salary cap. The Bulldogs agreed to take him on, but only if Collingwood absorbed roughly $300,000 of his salary each year for the next five years. The trade itself involved picks 26, 33, and 42 going to Collingwood, with the Bulldogs sending back pick 14 and a future second-rounder. It was a deal that worked only because one club was desperate to shed payroll and another was willing to take on a player with a history of soft tissue injuries if the price was right.
But Cameron and Treloar weren't alone in moving on deadline day. Ben Brown, the North Melbourne forward, landed at Melbourne in exchange for picks 26 and 33, plus Brisbane's future fourth-rounder. Jack Higgins left Richmond for St Kilda, with the Tigers receiving pick 17 and a future second-rounder while the Saints got Higgins, pick 21, and a future fourth. Alex Witherden, the running defender from Brisbane, went to West Coast for pick 58 and a future third-rounder, though Brisbane agreed to pay part of his contract—a concession that had held up the deal for days.
Not everyone got what they wanted. Josh Dunkley remained at the Western Bulldogs after negotiations with Essendon stalled in what one reporter called "quicksand." The Bombers and Bulldogs couldn't agree on terms, and with the clock running down, the deal simply didn't happen. Jackson Hately and Jye Caldwell, both sought by Essendon from GWS, also went untraded—Hately because the Giants wanted more than pick 40, and Caldwell because Essendon's offer of future second and third-round picks fell short of what the Giants demanded. Both players would enter the pre-season draft, meaning GWS received no compensation for their departure.
Collingwood's salary cap crisis produced other moves as well. Jaidyn Stephenson, the 2018 Rising Star, went to North Melbourne along with Atu Bosenavulagi and pick 39 in exchange for picks 26, 33, and 70. Stephenson had been earning close to half a million dollars annually at Collingwood—money the club needed to free up. Tom Phillips moved to Hawthorn for just pick 65, another bargain for a club that had cap room to spare.
By the time the deadline passed, the landscape had shifted significantly. Some clubs had remade their lists; others had simply survived another year. The trade period that 2020 deserved had delivered exactly that—frantic, unpredictable, and resolved only when the clock ran out.
Citazioni salienti
This is a volcano waiting to blow—this is Vesuvius. GWS are saying we've got salary cap room, we've got a pick before you—we'll just get him.— Herald Sun reporter Jon Ralph on the Cameron negotiations
It's a bit of a relief to get it done, I'm happy with where it's at and where we're going as a club.— Jed Anderson on re-signing with North Melbourne