With the Storm playing Cronulla on Sautrday and the winner set to receive the top honour after 26 rounds, Tripp says the league won't be taken as seriously as the AFL as a consequence of the award.
While the AFL doesn't pay out for the minor premiership, it has a stepped payment system for teams as they are knocked out of the finals, with $71,000 for the first two teams eliminated with the premiers receiving $1.2 million.
The NRL grand final winners receive $400,000, meaning if a team does the double it only takes home $500,000.