DannyCAFC
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Maguire signed a 6-year contract in 2019 for a fee of £80 million. That's a yearly amortisation cost of £13.33 million a year.
By extending his contract by 1 year (now 7 years in total), the remaining unamortised amount is spread over 3 years instead of 2. Making it £8.89 million for the next two years.
A difference of roughly £4 million. Along with £1-2 Million saved from Antony's wages over the next 5-6 months.
Pretty sure this is ignored for PSR purposes. Hence the ruling about 5 year total. Otherwise I would sense teams like Chelsea could just sign players for 5 years and amortize over that period, and then extend them for several years after a season and exploit a loophole.