The salary cap regulations were not complied with by the Tigers.
The payments to image rights companies of the players were not disclosed.
The salary cap was broken in each of the seasons between 2016 and 2019.
There will be no appeal after the club accepted the findings.
They were fined 50p for every overspend up to a ceiling of $500,000, based on the total overspend.
The club was fined over one hundred thousand dollars for the year of 2016-17, over one hundred thousand dollars for the year of 2017-18, and over one hundred thousand dollars for the year of 2019.
There was a further fine of 17,900 for failing to declare payments for the 2020-21 season, in which there was no violation of the cap.
In total, they have been ordered to pay over 300,000 dollars.
The leaders of the league have escaped sporting sanctions for their actions and will not be docked points.
In their scenario, the overspend was more than a million dollars in the year of 2016-17, and more than a million dollars in the year of 2017-18.
The acknowledgement that there was no overrun in the most recent season of the review was accepted by the Tigers.
We are happy that the matter has been concluded and that we can now focus on the future of the club.
The director of the salary cap said that the sanctions detailed in the regulations allow them to apply.
While we are satisfied that the arrangements which resulted in the overspend have been brought to an end, we will continue to assess all spending as part of our ongoing monitoring process at every club.
Adam Whitty is a reporter for the radio station.
The relief will be felt by the fans of the team. Had the investigation been serious enough, it could have derailed the title bid of the tigers, who are 12 points clear at the top of the table.
This is not a good day for the club. The second biggest salary cap fine in the division's history has been incurred by the Tigers, who have been found to have systematically bypassed rules aimed at keeping the league fair and competitive.
It appears that the tigers have regularly overspent just below the limit that could have resulted in a points deduction or worse. They would be in big trouble if they had been investigated under current rules.
Some figures have big questions to answer despite the fact that their reputation has been hit by this.
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