Contracts and the mess we're in

[Pliskin]

[Trav Le Bleu]

5 hours ago, Wymsey said:

That's mad, and literally stealing a living, if true.

I think the if true part is most pertinent.

 

Just another fake itk.

[mohammedsaqib]

Forgive my ignorance with these matters, how do people know how much players earn? 
 

https://www.capology.com/club/leicester/salaries/

 

Websites like this are guesswork also surely?

 

 

[Guest Col city fan]

8 hours ago, AKCJ said:

Players whose contracts expire in Summer 2023;

Youri Tielemans, Caglar Soyuncu, Daniel Amartey, Ayoze Perez, Jamie Vardy, Kasper Schmeichel, Nampalys Mendy, Ryan Bertrand, Hamza Choudhury and Jonny Evans (10 players).

 

Players whose contracts expire in Summer 2024;

Wilfred Ndidi, James Maddison, Kelechi Iheanacho, Yannik Vestergaard, Dennis Praet, Like Thomas and Marc Albrighton (7 players).

 

That's 17 first team players who have less than 24 months left on their contracts here at Leicester. Less time than a normal phone contract ffs.

 

How have we positioned ourselves this badly and have left us with such little room for manoeuvre when we look to sell our better players? We're coming out of a golden era of Leicester talent in the likes of Soyuncu, Tielemans, Maddison, Ndidi and Iheanacho. Likely worth in excess of £250m if under contract that will either leave for free of for pittance. All at the perfect age and stage in their development to play UCL football for the world's biggest clubs and we're going to piss their fee up the wall.

 

The only players we have 'tied up' are;

Harvey Barnes, Danny Ward and Tim Castagne (Until 2025)

Bouba Soumare, James Justin, Ricardo Pereira and Patson Daka (Until 2026)

Wes Fofana and Kiernan Dewsbury-Hall (Until 2027)

 

Players like Maddison and Ndidi need to be paid properly and need to be tied up so that we can guarantee a proper fee for when clubs come knocking. Reports of £25m for a player like Tielemans just shows how much we're ****ing ourselves over. He's a player that came for £32m and then improved further here ffs.

 

Our inability to move deadwood on has been laughable. Hamza, Perez, Mendy, Praet and Amartey should all have left years ago. Liverpool routinely get £10-20m for players that are surplus to demands there. Obviously these players aren't as good as Liverpool's reserves but we should be getting £30m+ for these sorts of players, instead we're probably going to get nothing and will spend the time waiting for their contracts to expire with them out on loan with us still paying a portion of their wage.

 

The big reset we're supposed to have been having has obviously stalled and that's because we've got a bloated squad of players on expiring contracts and nobody wants them.

I agree 100% 

Ive made a similar post in the Castagne thread, before I saw this thread tbf

[Phenom]

Rudkin is not good at his job is he?

[Aus Fox]

9 hours ago, NasPb said:

More worried about Rodgers influence than anything especially regarding train wreck signings like Vestergaard and bertrand. 

 

Do think we've been too generous wage wise though that's true. But i can live with the salary of albrighton because he does something, Bertrand and especially Vestergaard are absolutely useless. 

When people talk about Rodgers signings like this, the focus is always on Vestergaard and Bertrand, completely ignoring Fofana, Castagne and Justin for example.

Like any manager the signings are on a spectrum from the elite such as Fofana, who is now one of the key players in this squad, to Bertrand who has been ultimately disappointing. With everything in between. A balanced view would be Brendan has done okay, with the jury still out on Daka and Soumare, both of whom look to have real quality of they can adjust to the league. 

[Koke]

 

[Dahnsouff]

Jesus, Villa’s % of turnover to wages for both periods.  

[smudgerfox]

Isn’t Bertrand part of a footballers agent outfit which is part run by Brendan’s son? 

[SemperEadem]

11 minutes ago, smudgerfox said:

Isn’t Bertrand part of a footballers agent outfit which is part run by Brendan’s son? 

Yeah

[sylofox]

17 hours ago, Babylon said:

You. Can't. Make. People. Sign. Contracts. 

 

You. Can't. Make. Teams. Bid. On. Players. 

Yeah but that's all our fault 😂😂

 

If only life was as simple as some seem to think it is.

 

Some really must live on planet Zog.

[Guest Col city fan]

45 minutes ago, sylofox said:

Yeah but that's all our fault 😂😂

 

If only life was as simple as some seem to think it is.

 

Some really must live on planet Zog.

I wish you lived on planet Zog, rather than in carrot cruncher land.

Then we wouldn’t have to read your nonsense on here…

[sylofox]

11 minutes ago, Col city fan said:

I wish you lived on planet Zog, rather than in carrot cruncher land.

Then we wouldn’t have to read your nonsense on here…

Talking about simple, how are you Col.

[Richard]

There are new UEFA sustainability rules coming into effect this summer which we are currently not complying with. The current lack of activity, contracts running down, and 1 in 1 out transfer policy I would imagine is keeping this in mind. There’s no point KP piling money in if we’re going to be fined/banned from UEFA competition anyway. 

 

https://www.uefa.com/returntoplay/news/0274-14da0ce4535d-fa5b130ae9b6-1000--explainer-uefa-s-new-financial-sustainability-regulations/

The new regulations will see clubs subject to squad cost controls for the first time. The cost control rule restricts spending on player and coach wages, transfers, and agent fees to 70% of club revenues. (The gradual implementation will see the percentage at 90% in 2023/2024, 80% in 2024/2025, and 70% in 2025/2026)

 

[Foxxed]

Shout out to everyone who has that PJ Harvey song stuck in their head now.

 

That looks completely crazy, especially the wages, and it’s going to be painful to get us out of this.

 

With Bertrand, since we didn’t pay a transfer fee for him that mitigates things a little, but based on current performance it was not a good signing.

 

 

[Foxxed]

What’s upped our wage bill from last season? Is it the more the new signings or more the contract renewals?

[Lesta2014]

17 minutes ago, Foxxed said:

What’s upped our wage bill from last season? Is it the more the new signings or more the contract renewals?

Would imagine new contracts as Morgan and fuchs leaving would have covered plenty of Daka soumare and vestergaard wages as both were on about 80k weren’t they?

 

on a different note of the 10 out of contract next summer I see only Vardy evans and at a push kasper signing new contract. The rest will surely leave?

[Steve_Guppy_Left_Foot]

We're paying Bertrand 4m a year over 3 years so 12m and no transfer fee, say he had 2 years left on his deal when he was signed what would the fee be? 8m minimum I'd have thought. So he's actually not costing us that much at all. He was an underwhelming signing at the time but I don't think anyone could have predicted just how terribly it has worked out. 

[moore_94]

2 minutes ago, Steve_Guppy_Left_Foot said:

We're paying Bertrand 4m a year over 3 years so 12m and no transfer fee, say he had 2 years left on his deal when he was signed what would the fee be? 8m minimum I'd have thought. So he's actually not costing us that much at all. He was an underwhelming signing at the time but I don't think anyone could have predicted just how terribly it has worked out. 

It was a 2 year deal, so only has 1 year left

[Steve_Guppy_Left_Foot]

9 minutes ago, moore_94 said:

It was a 2 year deal, so only has 1 year left

Right, so literally as much or less than a transfer fee likely would have been. Its not that huge a disaster in the grand scheme of things. 

[Golden Fox]

So...

 

We're in a mess as we have too many expensive contracts we can't shift.

 

We're in a mess as too many contracts are running out. 

 

Not that 2 wrongs make a right, but if there is a recognition that our wages structure has become unbalanced by some reward contracts and some stupid ones, the only real way to solve it is to let the contracts wind down, and not throw money at new panic signings, and then gradually build up again at manageable amounts. It might be unpalatable for a lot of fans if the reset is planned to be a couple of seasons long rather than a magic wand over the summer, but there might be a logical plan somewhere behind the current situation. 

[coolhandfox]

PL as a whole has a problem.

 

Any team that wants to compete with the big 6 is going to have an issue with wages.

[FoxesWalk]

1 hour ago, Richard said:

There are new UEFA sustainability rules coming into effect this summer which we are currently not complying with. The current lack of activity, contracts running down, and 1 in 1 out transfer policy I would imagine is keeping this in mind. There’s no point KP piling money in if we’re going to be fined/banned from UEFA competition anyway. 

 

https://www.uefa.com/returntoplay/news/0274-14da0ce4535d-fa5b130ae9b6-1000--explainer-uefa-s-new-financial-sustainability-regulations/

The new regulations will see clubs subject to squad cost controls for the first time. The cost control rule restricts spending on player and coach wages, transfers, and agent fees to 70% of club revenues. (The gradual implementation will see the percentage at 90% in 2023/2024, 80% in 2024/2025, and 70% in 2025/2026)

 

These rules, whilst financially sensible, make it near impossible for anyone in the prem to compete with the super league six, since their turnovers are basically double or more that everyone else’s. Retaining your best players as one of “the other 14” will become extremely difficult. 

Edited 16 July 2022 by FoxesWalk

[Foxxed]

17 minutes ago, Golden Fox said:

So...

 

We're in a mess as we have too many expensive contracts we can't shift.

 

We're in a mess as too many contracts are running out. 

 

Not that 2 wrongs make a right, but if there is a recognition that our wages structure has become unbalanced by some reward contracts and some stupid ones, the only real way to solve it is to let the contracts wind down, and not throw money at new panic signings, and then gradually build up again at manageable amounts. It might be unpalatable for a lot of fans if the reset is planned to be a couple of seasons long rather than a magic wand over the summer, but there might be a logical plan somewhere behind the current situation. 

Seems logical. I suspect we banked on doing better last season so we didn't need to go through this pain.

 

Even without any big name signings we still have a good team if we can change the formation to make up for a true right winger and manage to defend set pieces again.

[OntarioFox]

We've kept a bloated squad because we were expecting to be challenging for or in Europe on a regular basis.

 

With that in mind, we blew it big time last year with our injuries and awful form. Now we face a year where we've got comparatively few matches and where fringe players who have been kept around to ensure flexibility are going to find their gametime severely limited, especially with some key players (hopefully) being more readily available.

 

It's a tough balance. If you're Hamza, Perez, or any of the others who only saw regular game time in cup competitions, you aren't gonna want to sign anything until you have those assurances. But likewise, you've been kept around on inflated wages by a club who needed you while potentially fighting, at times, in four competitions simultaneously.

 

I get the feeling that a few will be making their decisions over the winter break, based on our prospects of making Europe again. It doesn't change our atrocious lack of transfer activity, but the unique nature of a year with a blood money world cup over Christmas means we may see more movement mid-season than has usually been the case.

Edited 16 July 2022 by OntarioFox