Newcastle United have to unload 9 players who they do not want for next season, and who are some of the high wage earners at the club.
Kevin Nolan – first to leave the club this summer?
And the Newcastle Journal is reporting this morning that Kevin Nolan, who we signed for £4M last January could be the first one out of the door. It seems that Kevin is ready to sign for Hull City, and the fee is probably around £2.5M, but more important than that, Kevin’s £60K/week wages will be off the books on Tyneside.
If Newcastle can do that deal before next Wednesday the wage bill will be reduced by £15M and will be down to around £59M. That’s because the contracts of Owen, Viduka, Cacapa and Edgar also run out on that date.
We’ll keep a running tab on how much the club has been able to reduce the wage bill by, but of course new players coming in will increase the wages, but they will be on much lower wages than those leaving the club.
The nine players who are high priority to leave the club are the following:
One player who was not on the list was Damien Duff and we think Alan will want to keep the Irish winger, who is more than useful at left back too. Alan Smith was also not on the original list, but surely if a decent bid comes in for Alan the Newcastle club will take it.
With those nine players we estimate the wages for those players to be a phenomenal £490K/week, which is around £25.5M a year. It’s just an estimate but it’s the order of magnitude of those wages that is rather staggering.
However, with those players moving out and if we also add the four free agents to that list, the amount is around £38M the wage bill will be reduced by. That will take it down to around £36M.
We look forward to moving some of these players out, just as soon as possible, and we feel certain that Shearer will be moving new players in fairly quickly, even starting next week.