I sincerely hope your £8m reduction is salaries is correct, Jonny. In that case we would be even better off now than I anticipated, as my assumption when I wrote the post above was a reduction in salaries of £2-4m.
My best "guesstimate" of salary savings of those that left during or after 2017/2018 is an amount close to yours - ca £7.5m. However, I have taken into account the salaries of the new signings, totally ca £3.5m. Moreover, I took height for a substantial loan fee for Wells and Hemed, but if they came for free I am very happy to adjust my estimate.
I don't know how Holloway's parachute payment is booked. He had one year left of his contract and was dismissed during May, which is prior to the end of the financial year (ended 31 May). We might have to add his parachute to the savings when we compare the two seasons. I guess Holloway cost us in the region of £0,75m.
On the other hand, we have to factor in increased salaries for none playing staff (annual wage inflation) and higher costs for U23 players that have signed professional contracts or got extensions to existing contracts. I assume Eze is paid more this season than last and I believe Freeman got a healthy salary increase when he extended his contract. We are also paying full annual salaries to Lumley and Ingram (they were out on loan for long periods last year). On the other hand: We save a bit from all the loan deals done in January. Whether we saved anything on Sylla is less clear to me, as we probably pay quite a bit of his salary while he is playing for the poor Belgium club). All in all, I assumed the extra costs for Holloway was outweigh by the various contract extension costs and general salary increases.
Here is the estimate I made when I wrote the post above. I assumed we only paid N'gbakoto and Lua-Lua for six months (hence I have reduced salary by 50%). I have assumed we paid Caulker for the entire duration of the season despite the fact he left in January.
I took height for protentional loans fees for Wells and Hemed and therefore estimated savings in the region of £2-4m.
All my figures are my own assumptions. If £8m saving is indeed right I must have made a number of ill made estimates, which I don't rule out.
My best "guesstimate" of salary savings of those that left during or after 2017/2018 is an amount close to yours - ca £7.5m. However, I have taken into account the salaries of the new signings, totally ca £3.5m. Moreover, I took height for a substantial loan fee for Wells and Hemed, but if they came for free I am very happy to adjust my estimate.
I don't know how Holloway's parachute payment is booked. He had one year left of his contract and was dismissed during May, which is prior to the end of the financial year (ended 31 May). We might have to add his parachute to the savings when we compare the two seasons. I guess Holloway cost us in the region of £0,75m.
On the other hand, we have to factor in increased salaries for none playing staff (annual wage inflation) and higher costs for U23 players that have signed professional contracts or got extensions to existing contracts. I assume Eze is paid more this season than last and I believe Freeman got a healthy salary increase when he extended his contract. We are also paying full annual salaries to Lumley and Ingram (they were out on loan for long periods last year). On the other hand: We save a bit from all the loan deals done in January. Whether we saved anything on Sylla is less clear to me, as we probably pay quite a bit of his salary while he is playing for the poor Belgium club). All in all, I assumed the extra costs for Holloway was outweigh by the various contract extension costs and general salary increases.
Here is the estimate I made when I wrote the post above. I assumed we only paid N'gbakoto and Lua-Lua for six months (hence I have reduced salary by 50%). I have assumed we paid Caulker for the entire duration of the season despite the fact he left in January.
Salary | Yearly | |||
Petrasso | 4,000 | 208,000 | ||
Greco-Cox | 4,000 | 208,000 | ||
N'Gbakoto | 7,500 | 390,000 | ||
Caulker | 40,000 | 2,080,000 | ||
Mackie | 10,000 | 520,000 | ||
Perch | 10,000 | 520,000 | ||
Onuoha | 15,000 | 780,000 | ||
Robinson | 15,000 | 780,000 | ||
JET | 15,000 | 780,000 | ||
Lua-Lua | 7,500 | 390,000 | ||
Washington | 15,000 | 780,000 | ||
150,500 | 7,436,000 | |||
Leinstner | 15,000 | 780,000 | ||
Wells | 15,000 | 780,000 | ||
Hemed | 15,000 | 780,000 | ||
Cameron | 15,000 | 780,000 | ||
Rangel | 10,000 | 520,000 | ||
70,000 | 3,640,000 | |||
Difference | 4,186,000 |
I took height for protentional loans fees for Wells and Hemed and therefore estimated savings in the region of £2-4m.
All my figures are my own assumptions. If £8m saving is indeed right I must have made a number of ill made estimates, which I don't rule out.
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