According to Phil Hay, most of the Leeds United squad will have their salary reduced by 50% if the Whites are relegated from the Premier League.
The report comes from Phil Hay who confirms the club could save roughly £28.8m due to wage cuts if relegated. Leeds are currently in 19th place in the league after their rivals Nottingham and Everton picked up wins this week. The club board brought in Sam Allardyce to save their season, but it is not looking positive so far.
The excerpt from the article in The Athletic reads:
“The better news is that Leeds are protected by significant clauses inserted into every player’s contract, which will see wages fall by a minimum of 50 per cent and maximum of 60 per cent in the event of relegation. This would mitigate the financial damage.”
Leeds have three games remaining in the Premier League. They face: Newcastle, Tottenham and West Ham.