The Times and George Caulkin have a good article out this morning, indicating negotiations on a new contract with Michael Owenâ€™s representatives is underway.
Michael Owen – contract negotiations underway
Itâ€™s no secret now that Newcastle will be lowering their wage bill to manageable proportions, and it looks like the Â£115K/week Michael is on will need to be reduced.
Michael has only started 41 times in his 3 seasons at the club, and has appeared as a sub 6 times and scored 20 goals. That return hardly deserves the wage packet (Â£18M over 3 seasons) or the Â£17M Newcastle paid Real Madrid for him in transfer fees.
But if the club does offer him a basic wage of Â£80K/week Michael could make that up by some bonuses, such as a goals bonus, or even appearance bonuses, given his injury record over the last 3 years.
Newcastleâ€™s contract negotiators are Dennis Wise and Tony Jimenez and they will attempt to get a deal made fairly quickly.
We would love it, if Michael Owen signs a contract quickly, and that would give everybody a lift at the club.
We’ll just hope for the best right now.