Cronulla legend Paul Gallen has questioned whether Cameron Smith would be willing to take a pay cut to benefit his club's future as the Storm skipper ponders his place in the 2021 side.

Gallen discussed Smith's likelihood of taking a pay cut following Phil Gould's call for Smith "to be fair" to Melbourne when considering his future, with Smith still in limbo in deciding to retire.

โ€œI think what Gus was more talking about was the financial impact it will have on the club,โ€ Gallen told Wide World of Sportsโ€™ 2GB radio.

Like Gallen, Smith has been a one-club player, but the former Sharks star believes Melbourne's development of their upcoming hookers may suffer if they continue to back Smith as their No.1.

โ€œA question I ask: are Melbourne concerned about signing other players? Harry Grant, whoโ€™s now at the Tigers โ€” if Smith stays, they can release him and he can stay at the Tigers.

โ€œBut I feel they need to sign other players as well, thatโ€™s not the only position you need to be concerned about.

โ€œโ€ฆThe rumour is heโ€™s on around $1 million. Thatโ€™s huge money. Thatโ€™s a marquee player payment.

โ€œWithout a doubt Cameron Smith is a marquee player, heโ€™s a terrific player, but heโ€™s also (almost) 37.โ€

Despite Smith still leading from the front for Craig Bellamy's side, Gallen also questioned whether he could take a reduced salary.

โ€œThereโ€™s going to come a time where you may have to take a little bit less money. I suppose the question is, is Cameron willing to do that?โ€

โ€œIs he willing to take $500,000 or $750,000 to play again? When you talk about ability and what Cameron Smith can do on the field and what he means to a club off the field, he can keep playing without a doubt and he means so much to the Storm.

โ€œHe could do it for another season without a doubt.

โ€œThe questionโ€™s going to be, can he handle earning less money, which I think he may have to do moving forward.โ€