Arsenal players minded to accept deferrals and protect non-sport workers.

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According to multiple sources in and around Arsenal, the players are game for taking pay deferrals, that look like performance-related targets.

The clubs has asked them to drop 12.5% of their salary for a year. That money comes back to them if they are sold. They get 5% back if they make the Europa League. They make it all back if the club reaches the Champions League. They get NOTHING back if we fail to make Europe (Source The Mirror / The Athletic).

Additionally, the players will be asked to donate a week’s wages to support 100% of the non-football staff, which they have agreed to.

All this will be renegotiated if the season is cancelled and the TV vultures come back for the money that is rightly theirs.

The players are said to be pissed at the comms of the club, they feel they don’t know enough about the details of the deal and worry this was just a cost-cutting exercise implemented under the guise of a disaster.

All those feelings are fair. I can tell you from experience, every person going through these things has the exact same concerns. Unfortunately, you just have to take the changes on good faith.

I have to say, a 12.5% cut for a group of players that rake in a quarter of billion is not a bad deal. You’ll notice it, but you’re not switching from Waitrose to Iceland. You can still buy nice things.

The interesting part about this is the financial implications of being sold. Just say this goes on for three months and you’re earning £100k a week. You could have yourself sold this summer and land a £150k cash rebate! If Mesut was sold, he’d pocket £525k! Huss Fahmy working magic even in a crisis… golden goodbyes could be the smartest move yet.

One thing that is interesting is the realisation that footballers are shit with money. I thought they were so well off they’d not have a problem with a pay cut. They are whining and bitching like they’ve had £20 taken from their oner a day on a building site. How can you be bad at finances when you earn millions a year? Staggering.

Anyway, overall vibes about this deal.

  • It’s a good look for Arsenal, getting a deal done relatively early.
  • It’s a good look for the players, they’ve agreed and not bitched.
  • It’s a great look from the perspective of all the workers that aren’t footballers. They’re getting paid. No public money will be touched.

The broader concern is how all of this affects players thoughts this summer. I suspect a lot of them are going to feel burned by this. I think we’ll see exits this summer, I also think the plan for transfers is going to be much smaller than we’d like it to be. We gambled on making the Champions League with big-name signings, that seems unlikely now, which will mean reduced transfer spend this summer unless we pull in big cash for our big players. Again, you have to remember that Barcelona had to borrow to buy last summer, I think the big-budget transfers will be very limited this year as clubs look to greatly improve their ghastly cash positions.

A lot of hope will be pinned on young players. I’d imagine Huss and Vinnai will look to reshape our wage bill. I hope, hope, hope we bin super-agent fees and shoddy transfers targets like Willian. Maybe this moment in time will draw sharper focus from America on what we’re doing in London. If the LA Rams are late on bonus payments, you can be sure finances are consuming a lot of the groups thinking time. Maybe Arsenal come under the spotlight and a rethink on transfers is actioned?

That’s me done. Well done Arsenal. Classy as ever. I’m proud, I hope the rest of the fans are as well.

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26 Responses to “Arsenal players minded to accept deferrals and protect non-sport workers.”

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  1. R.S.P.C.Arsenal

    But surely your input should be more than just a number …

    It’s like giving the title to Liverpool ..

    Y
    We know you won it Groove …

    But did you.

  2. NJ Gunner

    First team!

    Okay, it’s number 10 and we know that they are out-of-date.

    I’ll take their deal if you promise to put me on their wages.

  3. NJ Gunner

    This episode provides an interesting insight into the human psyche: how much does someone have to have, or earn, before they don’t feel a sense of relative deprivation if they lose a bit of cash? Especially if it is for the collective good.

    Complaining about losing 12.5% if you earn two million pounds a year seem unreal to the rest of us. But somehow many humans still strive to feel cheated.

    Anyone got a decent explanation?

  4. MGooner

    Am shocked too NJ

    But I can see this repeating itself at many levels – there are so many who feel that the death ratios among people of different backgrounds on the States is OK.

    If something like that happened in China, we would have been calling them a third world nation.

  5. NJ Gunner

    MGooner,

    It certainly is not okay.

    This issue about racial discrepancies in mortality rates is an important issue – but a political minefield. I live in the swamps of Jersey in a small integrated town surrounded by several poor African-American neighborhoods (I’m talking about a mile in each direction). The discrepancy in reported infection and mortality rates is phenomenal. Deeply disturbing.

    In large part this can be attributed to urban density, underlying poor health, lack of access to good healthcare, poverty (in this case this means that they have to go to work as essential workers while we all stay home).

    The minefield part is what sociologists call attitudinal: People still continue to congregate. I know this because we all shop at the same stores, and walk in the same parks and streets. It’s Easter Sunday and many of my neighbors are out, sitting on their front porch–– with friends.

    Nobody knows how much this behavior contributes to the problem. Maybe not much. And I don’t know if it is down to misinformation or cultural patterns. But undoubtedly it is a problem that we have to address in a respectful but effective way if we are to gain traction.

  6. jwl

    I think players pay alot already, they pay same taxes as everyone else and many of them run charities in their home countries as well, so I am not surprised not all of them are keen on losing even more income. Are Arsenal execs and all 600 of our employees taking reduction in wages or is it only players who responsible for helping non-football staff?

  7. Pedro

    JWL, I suspect the players will take the same cut as the execs. It’ll probably be tiered like it is at most big companies.

  8. Frank C

    Not so Fast

    “Anyway, overall vibes about this deal.
    • It’s a good look for Arsenal, getting a deal done relatively early.
    • It’s a good look for the players, they’ve agreed and not bitched.
    • It’s a great look from the perspective of all the workers that aren’t footballers. They’re getting paid. No public money will be touched.”

    Bullet # 1 – First off, it’s not official. There has been no announcement. You are not a real journo so don’t talk about your “sources” who have missed the mark often enough in the past. This was an issue raised by the PFA on April 2nd, ten days ago. Clubs in Italy, Spain and Germany have been way ahead on this. United, City and finally Liverpool have committed to guaranteeing the wages for all non-playing staff. Even Leeds and Birmingham City have come up with ideas and plans, agreed to by their players to help addrwess thwe situation. Meanwhile, Arsenal still has yet to do so. And, since at the moment each club is trying to work something out on their own, what about the lack of leadership from Arsenal management. Where are the wage deferrals and/or reductions from Raul, Vinai or even Arteta himself?

    Bullet # 2 – I would not blame the players for not trusting Arsenal management. Wage reductions/deferrals should not maintain corporate profits and overblown salaries for incompetent managers and leaders. Negotiating scaled plans tied to performance are really incentives plans favorable to the club and utterly distasteful and classless. It shows that the leadership at Arsenal is in a vacuum and clueless to the reality around them. And all this for maybe 12.5 %? And don’t talk about the advertising money coming in. All the commitments from the advertisers themselves as well as the TV networks have force majeure clauses and while they may have captive audiences if and when the season restarts that will primarily be due to the number of people out of work on furlough or working reduced hours. There won’t be near the prior level of ad revenue. Who wants to spend millions to reach people who won’t have the disposable income, or mindset, needed to purchase the luxury goods.

    Bullet # 3 – Time will tell won’t it? Let’s revisit this in about 60 days and we will be able to see if the workers have and are being paid without the benefit of government. I hope so.

  9. alex cutter

    “Bullet # 1 – First off, it’s not official. ”

    I can’t have much faith in the opinion of someone who spells out “bullet” instead of just using “•”.

  10. alex cutter

    “This issue about racial discrepancies in mortality rates is an important issue – but a political minefield. I live in the swamps of Jersey in a small integrated town surrounded by several poor African-American neighborhoods (I’m talking about a mile in each direction). The discrepancy in reported infection and mortality rates is phenomenal. Deeply disturbing.”

    I’m in Detroit, where the largely black, low-income, overweight/diabetes/pre-diabetes and smoking population has catapulted the state into the top five nationally, despite its relative size to the other states.

    Regarding remote working (and its impact on the health of these workers), a recent study showed that in the US, less than 1 in 5 black workers held positions that made it possible to work remotely, while 1 in 6 Hispanic workers were able to work from home.

  11. alex cutter

    From WSJ: 50% of american households will have no savings by the end of april.

    From SF Gate: 1 in 3 apartment renters didn’t pay their april rent.

  12. Dissenter

    A wage deferral doesn’t change anything because the club will be hamstrung in the future trying to find money to pay players back-pay for services they didn’t actually render.
    It has to be a pay-cut to save footballing clubs from near ruination.

    I’m surprised broadcasters haven’t started pushing for a refund or being awarded future broadcasting rights at lower rates.

  13. Sid

    PedroApril 12, 2020 22:06:04
    Good post NJ.

    worshiping profit-based incentives and materialist Consumerism over the wellbeing of humans.

    Why did the get diabetic in the 1st place? Poor education? Poor nutrition?
    Soft kill methods, controlled genocide engineered by the power elite.

    Im telling you this for free!