- The wage cap will be calculated based on the TV money being paid out to the 20th-placed team
- Exact amount to be a multiple of this TV money amount
- Example: 20th-placed Norwich were paid £100.6m in TV money for the 2021-22 season
- The wage cap can be 4x that amount i.e. £402.4m
- The highest wage bill that season was Manchester United's £384m
- This will be introduced alongside the overall spending cap (wages + transfers) that will be based on % overall revenue (similar to UEFA's policy).
- The PL, however, will establish a higher percentage than UEFA.
- No immediate sign of the PL agreeing over how much money they will send down to the EFL.