Arsenal stars ‘agree 12.5 per cent pay cuts’ but will receive £500k each by winning Champions League in bonkers bonus
ARSENAL stars have reportedly agreed to accept a 12.5 per cent pay cut - but as part of the deal they will receive £500,000 EACH if they win the Champions League in 2021.
Gunners players previously fought to be paid in full, although were willing to have their wages deferred.
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But now the claim they have come to an agreement after being lured into it with some bonkers bonuses, including clinching the Champions League crown.
Arsenal's players will earn back their 12.5 per cent pay-cut if they qualify for next season's Champions League.
The North Londoners currently sit NINTH in the Premier League, five points adrift of the fifth place they'll need - due to Manchester City's two-season ban.
But if they manage to overturn the deficit, they will not only earn their wages back, but they will be given £100,000 each.
On top of that, Arsenal players are being tempted with a £500,000 pay day if the WIN the Champions League next season.
The Gunners have never won Europe's elite competition, last reaching the final in 2006.
For seven straight seasons between 2010 and 2017, Arsenal were dumped out at the last-16 stage, including the 10-2 aggregate loss to Bayern Munich in 2016-17, their most-recent Champions League appearance.
This season, they didn't even make it past the last-32 stage of the Europa League such has been their demise in the past decade.
Should they fail to qualify for the Champions League, Arsenal players will have a chance to make some money, if they at least get back into the Europa League.
If the Gunners win the second tier of European football, they will pocket £100,000 bonuses apiece according to The Mirror.
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Just qualifying will see them claw back 7.5 per cent of their total wages, meaning they only lose out on five per cent in total.
Arsenal's players and boss Mikel Arteta are said to have held a meeting on Wednesday evening to hammer out the deal.
If the proposed plan goes ahead, Arsenal will become the first Premier League side to agree to wage cuts amidst the coronavirus pandemic.