Michael Owen has warned in The Daily Mirror today that his contract negotiations with Newcastle will take time.
Â Michael Owen– negotiating new deal with Newcastle
The club has began negotiating with Michael on his contract, which runs out next summer, and while most people expect Michael to finally sign along the dotted line, the sooner that’s done the better it will sit with Newcastle fans.
With only 12 months left on his current contract, the England striker and his agents have so far had a couple of meetings with Newcastle to work out a deal.
We believe that a lot of the potential compensation for Michael will be based on incentives for both Michael’s performances and the teams’ performances, and of course this is in the midst of Newcastle trying to cut their overall wage bill.
Owen is currently on something between Â£105K and Â£115K a week deal, and he would obviously like a similar wage packet for his new deal, even though he has missed lots of games for Newcastle over the last 3 seasons because of almost perpetual injury.
“We have been opening contract negotiations, there have been a couple of meetings so far, but it will take time.”
And Michael is struggling to make the first game of the season at Manchester United on August 17th as he continued:
“It is certainly not the ideal build-up.””
In the successful seasons in my career I have always had a good pre-season, and when not I have struggled a bit.”
That’s not good news since Michael hasn’t had any pre-season yet.
It would be nice to get the contract signed before that first game, but from what Michael says it doesn’t look likely.
But we think the club and Michael will sort this thing out – but it does seem to be taking a long time.