COLLINGWOOD has had to quickly move on from its Grand Final disappointment, with Alan Toovey seeking a trade to a new club this week and Andrew Krakouer chasing an improved contract.

Toovey's manager Jim Marinis has taken the unusual step of emailing all other AFL clubs, stating talks between the Magpies and Toovey "have broken down due to the parties being unable to agree on the financial terms for Alan Toovey's future contract".

The statement goes on to say if a trade can't be completed during this week's trading period, Toovey will nominate for the NAB AFL Draft.

Marinis said up to eight rival clubs had already expressed interest in Toovey who was set to move.

"With negotiations broken down, Collingwood has told us there is no more room in the salary cap to move so we are looking at potential suitors out there if they are interested in Alan Toovey's services," Marinis told afl.com.au's Trade Week Radio.

"The only way this can work unfortunately is if Collingwood delist a senior player in order to move in that salary cap."

Marinis said Toovey's market rate would be better achieved at another club.

"Alan's had a terrific career at the Collingwood Football Club. We have not been able to get where we want with the club. We have spoken to Alan about it and he is prepared to take that chance, move on and play AFL football somewhere else. The financial rewards are there."

Taken with the No.2 overall pick in the 2005 AFL Rookie Draft, Toovey has played 87 games for Collingwood since his debut in 2007.

The 24-year-old played 20 games in 2011, including the entire finals series, producing 10 possessions and 10 tackles in the Grand Final defeat to Geelong.

As for Krakouer, his manager Peter Jess insists his client won't be leaving the Magpies, but says he does want to negotiate new terms.

Jess said Tom Scully's hefty deal with Greater Western Sydney has forced him to seek an improved deal for Krakouer.

"The whole situation started more about the general values in footy just at the moment and the impact the new expansion clubs have had on that market," Jess said on Tuesday morning.

"As part of the at discussion, I had mentioned I find it extremely difficult to justify where say Tom Scully is in the press getting a figure of two million dollars and that makes him a 20-times better player than Andrew Krakouer.

"To me, that doesn't make any sense."

Former Richmond forward Krakouer had an impressive return to the AFL in 2011, following a season with Swans Districts in the WAFL, playing 23 games for the Pies and kicking 35 goals.

Jess believes an improved contract going forward, with greater security, will allow him to improve even further.

"Part of what we did with Andrew was, he had a low base to start with and he had to perform, which we think he has," Jess said.

"Then that gives us the chance to go back and talk to Collingwood.

"There's no problem with that, he is going to stay at Collingwood, no question. My point is I think he reached his first target and I'd like to talk to the club about a better deal for the next couple of years.

"These guys tend to perform better when they have stability and certainty."

No trades are official until paperwork has been accepted by the AFL and formally recognised after 2pm on Monday, October 17.

Follow our complete coverage of the 2011 AFL exchange period from October 10-17. Join the AFL trade conversation on Twitter: use #tradeweek in your tweets


The views in this article are those of the author and not necessarily those of the AFL or its clubs