And Pardew has been instrumental in getting the Newcastle Board to agree to a set of bonuses for his players for the next two seasons.
Mike Ashley – sensible bonus plan in place for the players
And the bonus plan aims at having Newcastle finish in the upper half of the table in the next two seasons, which they narrowly missed last season with that last minute equalizer by West Brom.
Pardew talked about the bonus plan today:
“The bonus sheet is over the line now and it didn’t last year.” “It was important for the group and the board that they focus on being as one.”
“In the scheme of things it might not seem important.” “But it’s about the board saying ‘You will get this reward for finishing here in the league, so let’s try to achieve it’.”
“We have managed to agree it.”
This is good deal by the Board, because if Newcastle do finish in the top half of the table, the club gets a lot more money from the Premier League and each position is said to be worth around £800K, so it’s a case of Newcastle sharing the extra money with the playing squad. It’s a win-win deal.
And since that’s how Alan Pardew gets paid too, he will get a bonus based on how high up the table Newcastle finish, plus how well they perform in the both Cup competitions, and it’s not a bad way to pay out money.
We often wonder how much money that last minute equalizer cost Pardew in bonuses in May, because if the lads had won then Newcastle were in 9th position, but finished three places lower down the league, and cost the club around £2.4M.
This bonus plan is much better than in the olden days, when Newcastle players got bonuses for nothing, and we had the ridiculous situation that Newcastle had to pay out bonuses to some of their top players. after the side had been relegated two years ago.
This bonus plan makes a lot of sense and is a good incentive to the players and the manager.
There’s a lot of stuff we don’t like about what Mike Ashley is doing, but this is a good plan for both the club and the players.
If only Mike would spend more money in the transfer market!