Chelsea players have virtually agreed a 10 per cent pay cut – but do not have the opportunity to make up their lost cash.
As revealed by Sportsmail last week, Chelsea players – led by captain Cesar Azpilicueta – have negotiated a 10 per cent pay cut, which will last for four months.
The club originally raised the prospect of the players taking a 30 per cent cut.
Chelsea players have agreed to take a 10 per cent pay cut to help the club during Covid-19
The Blues’ stars have managed to negotiate it down from 30 per cent that the club suggested
Chelsea are the second club in the Premier League to agree a total pay cut, rather than deferral, joining Arsenal whose players have agreed to a 12.5 per cent straight wage reduction.
However, Arsenal’s pay deal is heavily incentivised, giving players the opportunity to earn all of their money back if the qualify for the Champions League inside the next two seasons.
The pay cut will be reduced to 7.5 per cent if the qualify for the Europa League. However, Chelsea’s wage deal, it is understood does not include any incentives meaning players cannot earn any of their losses back.
Manager Frank Lampard is also set to agree a percentage pay decrease, but has stayed out of negotiations between the squad and the club’s hierarchy.
Arsenal players have agreed to an incentivised 12.5 per cent pay cut in light of coronavirus
They’ll earn a very lucrative Champions league bonus if they qualify within the next two terms