Will Owen Really Have To Take A Pay Cut?

Some bad news being reported today is that Kevin Keegan was told yesterday that if Michal Owen wants to stay at Newcastle, beyond next season, he will have to take a fairly substantial wage cut.


Michael Owen – will he have to take wage cut?

The good news is that this piece of news is being reported in one single paper this morning, known to be 100% on the mark for news related to the Newcastle United Football Club – The Daily Mail. 😀

Phew, we were getting a little worried there.

Michael is on around £110K a week, which is around £5.5M per year and the Mail suggests that wage will be cut by around £2M. That’s an awfully high wage cut of close to 36%.

It’s hard to lend any credence to this story, but it’s an obvious story for some paper, like the Mail, to put out.

Newcastle’s wage bill is too high right now, and it’s said to be about 80% of costs, and needs to get down to around 60% of costs, which is where other Premier League clubs are at. So Newcastle will be looking to reduce the wage bill by around 25%.

What should help with that is to get rid of marginal players like Carr, Ameobi, Rozehnal and the like on high wages, and that should help us a lot.

It’s dangerous to reduce the wages of our best players however, and since Kevin came, Michael has shown what he can do at the club – and is also the captain.

He is also good for Newcastle, not only for his playing capabilities, but he is a name known throughout the world, and will help to put Newcastle on the world football map.

He will also help the club to attract new players, and we need all we can get right now in that department – since we cannot even offer European Football next season.

Yes, it’s true Michael has been injured a lot and probably hasn’t been worth his wages over the last 3 years because of those injuries.

But he is now a crucial player for both Newcastle United and Kevin Keegan, and if we cannot sign him to a new deal at the club, that will put up too many red flags.

We think Newcastle will sign him to a new deal fairly quickly.

What do you think?

Comments welcome.

24 comments so far

  • ObaFan2

    May 10, 2008 at 10:10 AM

    Comment #1

    I can’t see him going for a cut in wages. He just has to see his contact out and then move for free somewhere else next year. He could even buy his contract out?

    A couple of weeks ago the press were reporting a deal worth £115,000/week for Owen and £90,000 for Oba. Strange how the press change with the wind or is it they haven’t got a clue !

  • LyNx18

    May 10, 2008 at 10:10 AM

    Comment #2

    we need him & Oba for the next few years to progress further more. So, tied them down ASAP!!!!

  • deano

    May 10, 2008 at 10:13 AM

    Comment #3

    lets face it owens wages a for to big
    world class players lile ronaldo r on the same yet owen has been ok this season but hardly world class

    his wages should be about 80 k tops
    hes not in the same leauge as players on 120k+

  • Russel

    May 10, 2008 at 10:18 AM

    Comment #4

    Don’t let him go,we need him.

  • ObaFan2

    May 10, 2008 at 10:22 AM

    Comment #5

    If Smith gets £65K a week then MO is worth every penny he’s getting at the moment in comparison.

    I’m not saying it’s right as I believe footballers are generally over-paid anyway but cutting someones wages is trouble in my opinion.

  • craig chisholm

    May 10, 2008 at 10:26 AM

    Comment #6

    the mail is full of shit, always has been with regard to newcastle. i hate that paper and always will. no self respecting geordie would buy the piece of shit. look at the other things it was saying in the same story. ridiculous crap. and all along, there was not one single comment by any of the parties involved, not a single word. its all drivel. for some reason, the papers (or at least the mail) seem to have it in for us. its terrible when they latch onto something or someone. papers destroy politicians, governments and peoples lives. look at britany spears, she is a product of todays world. they created her, built her up and made her massive, then when she started to loose her way a bit, instead of being supportive, they just ripepd the shit out of her until the point where she is must have been contemplating doing herself in. Fcuk the mail and the bloke that did the arse piece of so-called journalisum.
    There is no way we are going to be offering own a deal on a massive pay cut…….i can not believe that anyone writting the story would even expect people to take it in….what a cock. find out the blokes name someone and lets start ribbing him in the same way he ribs us. all is fair in love and war it would seem.

  • Davy C

    May 10, 2008 at 10:27 AM

    Comment #7

    If they do try and cut his wages and force Owen out of the club they want shot! MO has shown to everyone that has knocked him over the years that he is quite simply a fabulous footballer with more to offer than 99% of those who get paid to kick a ball around.

    It would show a lack of business sense which has been highlighted by the guys writing before me and also show a lack of football knowledge.

    It looks like we could be the only club in the world with a parsimonious billionaire holding the reigns. Please prove me wrong Ashley.

  • Dave

    May 10, 2008 at 10:39 AM

    Comment #8

    I have to agree with Craig, if its come from the Mail take it with a pinch of salt

  • Magpie6699

    May 10, 2008 at 10:50 AM

    Comment #9

    Dave – no, take it with a bucket of salt!

  • Newckie

    May 10, 2008 at 10:51 AM

    Comment #10

    The Daily Mail must surely go down in history as the personification of bull toss.

    Absolutely utter utter dross and yet another pathetic attempt at mischievous making because they are so inept at any journalistic ability.

    Treat this story with the contempt it deserves which is considerable given the nature of such fabricated crap.

    That paper wouldn’t make a good landing strip for flies and nor would it’s scum bag staff.

  • Spot The Zebra

    May 10, 2008 at 10:51 AM

    Comment #11

    First of all can i say i find this story hard to believe especially considering which newspaper it originates from.However if it is true…
    We must aim to keep players of Owens quality which will mean paying top wages for him.I can see why Ashley wishes to reduce the total wage bill when ours is compared to other squads however this should be done by releasing squad players who are underperforming or are often injured.For instance by moving on Alan Smith and Stephen Carr we will reduce total wages yet would be be miss these two next season?

  • peteNUFC

    May 10, 2008 at 11:09 AM

    Comment #12

    The Mail, The best back up toilet paper ever used

  • Rob Kirton

    May 10, 2008 at 11:17 AM

    Comment #13

    Should we cut Owen’s wages? – NO
    Should we have been paying him as much in the first place? – NO

    Again the current board will have to live with the decisions of the previous regime.

    I suspect that Getting rid of Carr, Ameobi, Rozehnal will probably not save us that much money – though I guess every little helps. Traditionally the club policy has not to pay top dollar for defenders, nor will Ameobi be one of the big earners at the club.

    Compared to last year – the club have done a good job of averaging down the wages. Making Taylor stick to the terms of his existing contract and getting rid of the likes of Luque has seen a move in that direction. I guess getting shot of Smith will further help and things will look a bit more on an even keel.

    It is important that the club is not starved of funds, however it looks as though everything being done at the moment is for the long term stability of the club which cannot be a bad thing.

  • Rob Kirton

    May 10, 2008 at 11:18 AM

    Comment #14

    peteNUFC: A backup? I’d reach for it first each time if given a choice..

  • Hadrian

    May 10, 2008 at 12:19 PM

    Comment #15

    unrealistic asking him to drop down to 70k pw .
    there are teams out there that will cover his wages (pompy for starters) so i wouldnt expect holding onto him if the mail turned out tobe true for once

  • ToonStoat

    May 10, 2008 at 12:46 PM

    Comment #16

    I never believe a word that comes out of the Daily Mail or Mail on Sunday about NUFC. For some reason they seem to have hated us for a lot of years now. Every other paper is pretty much saying they don’t know what was discussed in the meeting, yet the Mail claim to know exactly what was discussed to the level of Owen’s wages? They’re lying… again. Another case of southern based journalism thinking they’ve got their own little soap opera from NUFC.

    As to wage structures, the value of Owen’s goals, along with Oba’s, can’t be underestimated. Neither can Owen’s team contribution, since changing role’s. Forget how much he’s on at this stage (in a full season with a team playing well, he’d have been on 25+ goals, wouldn’t he?!) and look at players who aren’t doing it for NUFC. Smith, Duff, even Geremi are probs on high wages and not good enough. Carr’s wages have now gone, which is great. Ameobi, hopefully will find another club too.

    If we’re in a position of having to find decent quality players, on lower wages, how are we expected to even get top 6 next season? If the wages are too high across the board, it’s just another point showing it’ll be a long hard fight to undo the damage done by Freddie Shepherd and previous muppet managers!

  • Leo

    May 10, 2008 at 1:39 PM

    Comment #17

    well i dont believe the story, simple as haha

  • Toon1978

    May 10, 2008 at 1:47 PM

    Comment #18

    Also says in the EVENING CHRONICLE that ASHLEY want wage cuts as the clubs turn over is getting too close together and he is putting the onus on the manager to reduce wages when weighing up his playing staff. First casualties could be OWEN and TAYLOR. WHAT A JOKE YOU ARE ASHLEY go ahead get rid of our best players to feed your own feckin ego and bank account. GREED beyond belief.

  • Vitorbarbosa

    May 10, 2008 at 1:57 PM

    Comment #19

    Although reducing wages is one way to sustain the club, it’s clear that we can’t attract player in 100k per week bracket. If we want to do that, we need to pay 5 times his yearly wages to get him. approx 25M. (or should I say at least 25M).

    So, for this moment, it is wise to tie up Owen’s contract. Even though we are playing over the odds for a player who has yet to score 20 goals a season but if we need to pay at least 15M to get a 80k a week bracket player to come over. And we are still not sure where we are going to get them.

    So, a 35k a week difference isn’t that much since there will be no transfer fee involved. Think again MA.

  • Punk Skunk

    May 10, 2008 at 2:47 PM

    Comment #20


  • Reb

    May 10, 2008 at 7:33 PM

    Comment #21

    Having looked up the Actim Index numbers (not just Owen’s goals & contribution within NUFC, but compared to the entire Premiership) Owen averages 13 points per match (as of the end of the April). IF he were fit for 36-38 matches per season, that puts him in the top 20 players in the League. Shockingly, he is paid on par with the top 15 players in the League. Just doesn’t seem fair, does it?

    Injuries seeming to be behind him [touch wood] this doesn’t seem the time to cut his pay. Surely he could get 60-70k at someplace like Pompey or even Everton. If Newcastle want to keep a top player at club currently outside the top half…cutting his wages isn’t the way to do that. Mike Ashley did not become a billionaire by being a stupid businessman.

    Well, all that, plus it’s the Mail.

  • [azeem]

    May 11, 2008 at 7:21 AM

    Comment #23

    hahahaha cant belive this !!! everyone knows daily mail is shit !!! all they know is to rite crap shit ….

  • craig chisholm

    May 11, 2008 at 9:35 AM

    Comment #24

    i do hope that its al lbull shit but there are other papers and feeds reporting it now too, the guardian, the star, tribal football etc ok, i know they are all wank outfits and tribal footy is just about the worst thing i have ever seen but either way, this kind of crap is not good for us and the club. i see that newcastlemad are also saying it too!
    ashley or mort need to nip this crap in the bud and come out and say that there is no such truth in it otherwise it will develop like a pigging snowball of ill feeling and unrest.
    being the type of club that we are now, i can not believe that he will do that to owen. its not cos he lvoes him or anything liek that, its cos we are now run like any other buisiness………for profit, not passion (alas). the fact is this, if they wanted to save money then they would give him what he wants, 115k a week. if the want to limit the ceiling at 80k that means that they want to give owen a 35k a week pay cut, that amounts to 1.8 million a year less, multiply that by 4 (length of new deal) and that comes to 7.2 million they would have saved on keeping his salary at 80k instead of 115k. So, owen would leave if they are adamant it would be 80k, that means we would have to find another world class name like owen for less than 7.2 million. if they pay any more than that it means that they might as well have signed owen on again for what he wants…..get it?! so, me thinks that mortisher will have crunched all these numbers well and truly and they will be aware of this fact too. besides, given that we can not attract any world class names at all, we’d be best hanging onto the one that we have. thus i conclude that owen will get his deal sorted out…….purley cos it SAVES newcastle money to give him 115K a week……..stick that up ya arse daily mail, do the maths!


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