Newcastle may have a lot more financial resources than Crystal Palace, but the news in the Mirror this morning is that Alan Pardew will double his salary by moving to south London.
Alan Pardew at Newcastle
Newcastle agreed a compensation deal with Crystal Palace last night that now allows him to leave Newcastle to join the club he played for from 1987 through 1991, and Alan is very popular with the fans down there and his Surrey family home is nearby.
Newcastle issued a formal statement last night, basically saying that a compensation deal had been reached and that Pardew was now talking to Crystal Palace.
Pardew’s base salary in London is said to be £1.5M, which is about twice the base salary he received at Newcastle, although large bonuses made up his wages up to be around £2M at the Tyneside club.
With his new wage package Alan Pardew is guaranteed a lot more than he was at Newcastle.
And with all the big money in the Premier League these days, it’s probably not too surprising that Pardew will receive a £1M incentive bonus, to keep Palace in the Premier League this season.
So it looks like he’s not taking a pay cut after all to return home to Crystal Palace, and the Palace fans seem excited about the pending appointment.
And we suppose we shouldn’t be too surprised that Alan’s wages were not exactly huge at Newcastle, since Mike Ashley likes making money – but he doesn’t necessarily like spending it.
We are a little concerned about Newcastle’s status right now, because the season is delicately balanced at the half way point, and we shouldn’t wait too long before stabilizing things on Tyneside and bring a new manager through the door.
What do you think?
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