Newcastle’s top midfielder Yohan Cabaye signed a five-year contract at around £60K/week in June of 2011, and in the summer he will have two years left on that contract.
Yohan Cabaye - two and a half years left at Newcastle
And there is some worrying news being reported in the Telegraph today, that Yohan Cabaye could buy out the last two years of his contract at Newcastle.
And it seems that Newcastle United could lose Yohan Cabaye for less than £6M if indeed Cabaye takes up the option of buying out the last two years of his contract – which is around £3M per year.
The law that allows this is called the “Webster Rule”, and it’s under Article 17 of the FIFA transfer rules, which can be read here.
A player is allowed to cancel his contract without just cause as long as he pays his employer – in this case Newcastle United – the remainder of his contract, which in Yohan’s case would be two years at £3M a year – around £6M.
And while that is almost 50% more than we paid for Yohan from Lille, it’s still a lot less than what he is worth today, since he has become a much better player while at Newcastle.
And of course what can happen here is that clubs who are interested in signing Cabaye could give him a signing on fee, which magically includes that £6M, and it’s still a lot less than they would have to pay for him in the transfer market in the summer.
Remember that Arsenal bid £11M for him last August and that was quickly turned down by Newcastle, who valued him closer to £20M.
We just hope that this news doesn’t give Yohan Cabaye some ideas, but he would need to be very dissatisfied with life at Newcastle for him to take this path, although he did go on strike in August, which was not a wise move by the Frenchman.
And with 18 games still left in the season and our squad almost fully fit, Newcastle still have a good chance of finishing high up in the league table.
And Cabaye could be part of that, and also the potential comeback of Newcastle United into being a top club again.
That’s what we would like to see.
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