AndyJ1985
New Member
- Joined
- Apr 11, 2016
- Messages
- 8,954
All that assumes that there are clubs desperate to buy Phil Jones, and we'll gain financially from him being on a long-term contract because said clubs will be prepared to offer more. Personally I think that's a far fetched assumption and we'd have been better off financially if we sold him in the summer to the highest bidder. Instead what's more likely is we're now stuck paying the wage of an injury prone crock for another 4 years.From a financial perspective it is perfectably reasonable to offer Jones a long term contract instead of prolonging his contract for two years for example. Especially at the wage that is being reported or thereabout.
With this contract Jones will have a value of around 30m at least for the first two years of his contract. At least.
Its completely fine if one thinks that Jones sucks and is not worth one iota even if he is playing for free, but then you are just arguing emotionally.
A players transfer fee/asset value will be quite consistent until he enters the last two years of his contract when it will start depreciate quickly. This is not just applicable to Jones, its just how the math and the market works.
Therefore a 4+1 year contract makes all the sense in the world as long as it is on the level of wage that is being reported.
Giving him a two year extension would just start to depreciate his value from the start.
This is from a purely financial perspective.
You also will tie him up - again if the 50-60k a week that being reported is correct - at a low wage for a long time in a market that will see wages inflated a lot this summer and next.
This is a necessary and mathematic reaction to the inflated transfer market these two last years. It usually takes two or even three years for the wages to correlate to the transfer market just because players are on long term contracts.
Therefore: when the club decided to offer Jones a new contract it makes perfect sense to offer him a long term one at the wage he is on now. He probably got a little bump I am sure btw.
Again: from a purely financial perspective. If you hate Jones as many in here seem to do then you obviously will disagree that the club made the wrong decision. But the length of term of the contract is nothing that you can blame the club for. Quite the opposite.