The Daily Mail is reporting that Michael Owen’s advisers will re-open contract talks with Newcastle at the start of next week.
Michael Owen – Keegan keen to get him signed on
We know manager Kevin Keegan is more than keen on getting the Newcastle captain tied down to a new deal at the club.
The Daily Mail report is that the Newcastle club want Michael to take a base salary of around Â£80K/week, with the rest of his wages made up on how he does, and how the team do, in the seasons ahead.
The Daily Mail is saying this is a pay cut, but that’s not necessarily the case, but it will protect the club if Michael has a long term injury again.
His wages will be more based on pay for performance, probabaly on goals scored, where Newcastle sinifh in the league, and how we do in the cup competitions we enter.
We find nothing wrong with that, on either side of the negotiating table, especially since Michael is the Newcastle United captain, and he’s likely to stay that way.
Owen’s Â£110K/week current deal has still just less that 12 months to run, and Michael can do what Jonas Gutierrez did, and buy out his contract for around Â£5M, the wages he would be paid for the remaining year.
That is why the press is probably quoting Michael’s fee at that amount, should he not be able to reach an agreement with Newcastle United.
The 28-year-old’s representatives have been invited for only one round of talks with Newcastle officials next week, and we hope they can get the job done next week.
Of course, the Mail report is all about Michael wanting away, and that he will be put up for sale, and Manchester United are interested, and all the general nonsense that has followed Michael over these last few months.
It gets a little tiresome doesn’t it?
Owner Mike Ashley is trying to get a handle on the Newcastle wage bill, which is simply too high, based not only on the revenue the club brings in (it’s around 72% of revenues), but also on what he got last season for the 5th highest wage bill in the Premier league.
Mike didn’t get the 5th best performance from the Newcastle side, that’s for sure.
Most Newcastle fans will be hoping two things at the negotiations:
- Newcastle offer Michael a good deal, where he can at least make his previous wages if he and the team do well in the next few seasons
- Michael agrees the deal quickly – say before the end of next week
That will essentially be another signing for Newcastle, to go with the signings of Gutierrez, Taylor and young Danny Guthrie last night.
It could well turn out to be the best signing of all.