In Video: “Americanisation of football” | Sports lawyer reacts to Erling Haaland nine-and-a-half year contract
Premier League Deal of the Century: The Rise of Long-Term Contracts and Unprecedented Payments
The football world is abuzz with the news of the unprecedented contract signed by Harland, which is reportedly worth £9.5 million over nine and a half years. As a sports lawyer, Daniel G. joins the Transfer Show to break down the deal and offer insight into the complex world of Premier League contracts.
Unprecedented, Trend-Setting Deal
Daniel starts by expressing his thoughts on the record-breaking contract. "I think this is going to be one of the biggest deals in Premier League history," he says. "It’s almost certainly one of the longest renewals ever." He speculates that the growing influence of American ownership in the Premier League, combined with Chelsea’s trend-setting approach, may be leading to a shift towards longer contracts.
PSR and Profit Sustainability
The introduction of the new Squad cost controls and PSR (Premier League Salary Cost Control System) is expected to impact contract negotiations. Daniel explains that, while the 5-year amortization of player values is capped, other PSR transfer trends will come into play.
The Anatomy of a Premier League Contract
Beyond the standard appearance and performance-based bonuses, Daniel highlights the importance of collective incentives. "Players now have performance-related basic salaries," he says. "Has the team won? Has the player appeared and contributed to success?" Other potential clauses include release clauses, loyalty bonuses, and even work permit application paperwork.
Getting Involved in Transfer Deals
Daniel shares his role in the transfer process, usually working on behalf of the player and their agent. "It’s all about getting the best value in the deal," he emphasizes. The negotiations are complex, involving multiple stakeholders, including clubs, managers, and agents.
Busiest Transfer Window Ever
Daniel has been involved in numerous Premier League deals this window, including manager and player contracts. The biggest challenge remains finding a willing buyer and seller, as well as agreeing on values and contingencies.
Crazy Deals and Complexities
In conclusion, Daniel reflects on his craziest deal experience, which involved drafting a "no going into space clause" for a player. "As a lawyer, you never know what complexities might arise," he laughs.
In this exclusive interview, Daniel G. provides valuable insights into the world of Premier League contracts, revealing the intricate details and complex negotiations involved in securing these lucrative deals.