It’s what should have been in the players’ contracts all along, but at least Newcastle have learned from their mistakes.
Mike Ashley – covered the wage gap last season
News in The People today that all new contracts signed at Newcastle from now on will include a clause that the players will take a cut in wages, if Newcastle are relegated to the Championship.
That’s something that was not in previous contracts, but then the unthinkable happened and Newcastle were indeed relegated a year last May.
It resulted in the Newcastle club not being able to meet the wage demands of their players last season, even though they managed to unload big wage earners like Owen, Viduka, Duff, Beye, Martin and some others last summer.
Owner Mike Ashley filled the gap in wages by personally lending the club around £30M with a no interest loan last season, and the gamble paid off as Newcastle were promoted back to the PL at their very first attempt last April.
So this news should hardly come as a surprise to Newcastle fans, as it’s something the club should have done all along.
But at least Newcastle are learning from their previous mistakes.