

Could Arsenal Afford to Pay a Player £200,000 Per Week?
By: Homey | August 28th, 2011On August 14, I wrote a blog in the wake of Cesc’s departure to Barca. In that blog, I argued that we desperately needed to get a high quality replacement at such an important position on the field. I then proceeded to suggest Sneijder, since he’s been in the news a lot lately as a potential transfer for someone. My point was really more that we at least need someone like Sneijder, if not that exact player himself.
In the comments’ section, former Arsenal Offside blogger Sairax wrote, “Sneijder’s on like, 200,000 a week. Try again.” (I’m not sure if she meant pounds or euros, but it’s pretty close to the same thing either way.) Brenton, Darren, and others jumped on board with Sairax, while I still wondered why we couldn’t pay someone that much per week. I decided to retreat into my hole for a while, do a lot of research, and then come out firing again. This, despite the fact that I respect Sairax and my fellow blogging team greatly. But I’m a stubborn mule with a calculator, so this is what you get sometimes.
Now before I start spouting a lot of figures, I’ll repeat something that has been a source of frustration for me since I started blogging. That is, it’s hard to pin down exactly what various players are making. It’s often the case that a player’s salary is listed at vastly different figures, depending on what source you read. Still, I think I’ve done enough research where at least my numbers should be pretty close to being accurate. And if I’m wrong in a few places, please know that it wasn’t without tremendous searching for the right figures on my part.

OK, based on what I’ve found in source after source after source, there’s only one player in the world who made at least £200,000 per week last season. One. His name is Ronaldo. According to these sources, which are all in harmony, Ronaldo is making €12m per year. That comes to about £10.5m per year, which is just a shade over £200,000 per week. The rest of the top 5 earners were Messi, Torres, Yaya Toure, and Rooney. According to these figures, Rooney is making about £160,000 per week. And that was good enough for the top 5 in the world. Now I know that those sources were for last season, and Eto’o has recently signed a mega-contract worth over £200,000 per week. So now there are two players making at least that much. But if my research on this issue is correct, the wages of the top players have been WAY overblown. Some people think half of Man City’s players are making around £200,000 per week.

Now let’s turn to Sneijder’s wages, since that was the topic of debate a couple weeks ago. In the lists I saw, it showed his wages at €4m per year. If that’s converted into pounds and listed on a weekly basis, it actually converts to a little under £70,000 per week. Now, I did find another story that listed his salary at about twice that, but it doesn’t seem quite as accurate. According to the story, Sneijder was talking to Dutch goalie Piet Velthuizen, and Velthuizen told him that he’s making €400,000 per year. Sneijder reportedly responded, “Don’t you think it’s funny that I make 20 times as much as you?” Stay classy, Wes. Anyway, even if that figure were correct, it would mean that Sneijder is making around £135,000 per week. So no matter how you slice it, Sneijder is assuredly NOT making £200,000 per week. I think where all of that comes from are the reports that he’s been demanding that sort of money from Man Utd or whatever team hopes to sign him. One report even said he was asking for £250,000 per week from United.
I’m not sure how true all the reports were about his wage demands, although I’m sure he would have been trying to get all he could. But based on my research, he’s most likely not even making as much as Arshavin or van Persie at the moment, so I don’t think we have to feel too badly about being too miserly about our wages. I think the bigger issue while discussing Sneijder in particular, is the problem that he seems to have with van Persie. So let’s rule that one out and move on to some more general points, which is really what I hoped to do with this blog anyway.
1) As I’ve already tried to point out, the numerous lists I’ve found have stated that we’re not as behind in wages as we might think. And the top players really aren’t making as much as we may think they are. So if we paid someone a sum of, say, £130,000 per week, we’d be putting that player in the top 15 in the world. That’s not so bad, it’s not so out of reach, and it’s not much above what we were paying Cesc already. So the issue of whether we need to pay £200,000 per week is a bit of a moot point. The question instead is if we’d be willing to pay around £130,000 or so to a few select players. Suddenly, it’s not such a drastic thing as we thought.

2) Believe it or not, Arsenal once upon a time actually did pay someone £200,000 per week, or at least very close to it. Back in 2006-07, Henry was given a contract extension that paid him £5m up front, plus another £5m each year for three years. Thus, in his first year of the new contract, he made a cool £10m. Even if you spread out the £5m over the course of the contract, his yearly amount would still put him in the top 15 among all players today. Keep in mind that this contract was before Arsenal started paying off a lot of debt, before Arsenal made fantastic profits off sales of big name players, and before Man City, PSG, and others inflated the market yet again, etc. Of course in hindsight, the amount Arsenal paid Henry that year was far too much for the production we received, and it probably helped to prompt his move to Barca. Still, if we could pay that amount in 2006 to one player, I’m quite confident we could pay that amount again.
3) If I had to start an imaginary team from scratch, and I were handed a certain budget for transfers and wages, the position where I’d be most likely to spend the most would be the central attacking midfield spot. I think most fans would likely feel the same way. While the pure goal scorers get the most glory, I’d rather have a superstar at a position that’s around the ball the most, and has the most to do with the flow of the game. A center forward would probably be next on my list, followed by a central defender or two. So in theory, those are the spots where I’d be willing to spend the most. With that being said, if the best player out there for us, at the position of greatest need, cost us £150,000 per week, would it really be so unwise to do that? Sticking with the £150,000 per week figure, that brings us to Kaka. That’s about exactly what he’s reportedly making at the moment, and there were rumors we were thinking of taking him on loan our buying him outright. And those rumors were quickly quieted by fans and pundits who say he’s paid too much for Arsenal to handle. Now, I list him here by means of example only. I think if I had my way, I wouldn’t invest such a huge sum in someone with injury and age concerns. But still, if we thought he was definitely THE GUY to stick in the center of midfield and make things happen, that amount of money shouldn’t be a sticking point.

4) Related to the last point is the fact that not only has the club yet again made a huge profit from player sales this summer (about £40m as of this writing, before any deal for Park), but we’ve also seen a freeing up of salary money as well. If you were to merely combine the wages we were paying Cesc plus Denilson, that would be enough to pay Kaka right there. Again, it’s with great frustration that I’m not able to sort out exactly what all of our players are making, or were making. One site, for instance, lists Bendtner at £2.5m per year, Denilson at £2m per year, and Carlos Vela £1.6m per year. Another site lists Denilson at roughly £3.1m per year, with Almunia checking in at £2.6m per year. Any way you slice it, the wage bill seems to have gone down this summer. Factoring in the loans of Bartley, Botelho, Vela, Shea, and Randall, plus sales of Eboue, Nasri, Fabregas, JET, and Clichy, the club is saving (very rough estimate) a little under £20m per year in wages. Assuming Bendtner is sold before the window shuts, that would push the savings total to about £22m per year. On the other side, based on what I’ve read, I’d estimate the combined wages for AOC, Gervinho, and Jenkinson at around £8m per year. Campbell just lost his bid for a permit, and will be loaned out, so I didn’t include him in this year’s wage bill. The rest of it is hard to sort out, because we have to speculate on a couple of new players we’ll bring in. As of this writing, the Park deal seems imminent, but I don’t know what his salary will be. Plus, we’re bringing back Traore and Miyaichi from loans, and probably paying guys like Frimpong more for playing in the first team. Anyway, even factoring in what we’re paying for those new players, it’s still safe to project that the wage bill will decline overall this season. Thus, without even factoring in the massive profits from sales, and looking just at wages, it’s pretty clear that there’s more than enough room to bring in a high-earning midfielder.
5) I think that perhaps the bigger issue that was raised in the aforementioned August 14 blog is the issue of what a player with a massive salary would do to our entire wage structure. I think the theory says that if we paid one person a huge salary, then everyone else will be knocking on the door, asking for pay raises. Let me address this issue in the following three ways:
First, I think that objection almost assumes players are living in a little Arsenal bubble, and have no idea what players on other teams are making. But it seems pretty clear to me that if one of our players wants more money, he can easily point to what a comparable player is making for Man City, Chelsea, or whoever else. And I’m sure that goes on all the time already. So it’s going to be up to us to keep up with the market (at least with a few of our key players), or else perpetually lose players.
Second, I already blogged about this issue back on July 5, but the notion that superstar players in any sport should make 5-10 times more than their teammates is not a foreign concept. It’s reality. So if we have one superstar making £150,000 per week, and a bunch of other guys making a third of that amount, it’s really not outside the norm at all. Super talented, super valuable players, especially at key positions, should be expected to make far more than teammates with lesser roles. Furthermore, as I wrote on July 5, and as Tim Payton hinted at on July 25, our lesser players are probably making too much money anyway. Our wage structure seems to be built on a model where most everyone is paid well, but nobody is paid super well. And that’s not really a model that keeps or attracts the most dynamic players in the world, unless we do what we did with Henry back in 2006.

Third, I think paying one or two new players really high wages would have a positive effect on the rest of the team, rather than a negative one. For instance, let’s say Wenger has the following conversation with Sagna: “Bacary, we have a chance to spend big money on Player X. He’s really great and will help us win big, but he’s also going to make three times more than you make. Would you want us to sign him?” Well duh. Of course Sagna would say yes, unless for some reason Player X was a right back. While today’s players (like Nasri) get a bad reputation for being all about money, I do think they want to win titles as well. So when Nasri and Clichy say stuff like they’re really into winning trophies, I at least partially believe it. Not that a fat paycheck hurts their feelings either, though. But even RvP has reportedly gotten testy with Wenger lately over the lack of action, and he and Wilshere are already on record as saying we should add more talent. So yes, players are greedy, but that’s only a part of their motivation.
OK, so what should Arsenal be doing about the wage situation? I think we should go about it in three ways. First, we obviously can’t afford to pay massive wages to players who end up as backups, or who don’t fit into our plans for some reason. That’s a big reason why Chelsea and Man City get such bloated wage bills. Man City handed Adebayor a contract worth over £140,000 per week, putting him in the top 10 in the world, and then relegated him to the bench. Come to think of it, there’s a chance that most of City’s purchases from Arsenal won’t hold down starting roles this year, despite making huge sums of money. So for Arsenal, we definitely can pay someone what Adebayor is making. We can even do that for a couple of players. But we need to make sure that they’re high character people who fit in our scheme and are relied upon to start most matches.
Second, as I discussed in my July 5 blog, we need to free up salary money where we can, if we want to pay our best players competitive money. While this may be difficult, this summer has shown that it’s possible. We found takers for Denilson, Eboue, Vela, and so forth. And in their places, we have younger, cheaper players who can do about as well (or hopefully better). So if we keep developing our excellent youth system, and shoring up depth with young, low-paid players, we can pay a few world class players what they can make anywhere else.
Third, and not to beat a dead horse again, but we simply must start showing ambition in the transfer window. We just qualified for the Champions League group stages, and we most certainly have money to spend on new additions. The reason I mention that in a blog about wages is for two reasons. One is that if our current players believe this is an ambitious club with a bright future, they might be willing to play for less money to stay where they are. And related to that is the fact that we’ll be able to recruit better players, so long as wages are at least similar to what other clubs are offering. Now of course we can’t win a nuclear arms race with Man City for any player in the world, but there’s also a better than zero chance that we could have signed Mata, for instance, if he truly believed we had as much chance of winning titles as Chelsea.
Finally, I want to address something that some of you have no doubt been thinking while reading this. And that pertains to the reported tension between the board and Wenger regarding wages. According to a report that went pretty viral in Arsenal fan circles, Wenger was pushing for the club pay much higher wages than the board was willing to pay. So you may be thinking, “Well what can Wenger do about wages? His hands are tied!” Since I don’t want that issue to be the focus of this blog, I would simply say two things briefly. One is that the original article that quoted the unnamed source was factually dodgy at best, has been roundly criticized, and even drew a strong objection from the club itself. Next, and more importantly for me, this blog isn’t really intended to be a direct criticism of Wenger personally. I really don’t know what’s happening behind closed doors regarding spending and wages. My purpose here is to simply point out what the general wage market looks like, and how our club might fit in with that right now.
Overall, I hopefully have painted an encouraging picture of at least what Arsenal could do in the wage market, if the owner/board/manager chose to do so. We’re really not that far behind, and the market isn’t quite as insane as many people think. Now it’s just up to the club to pull the trigger on some players of “super quality,” as I heard someone recently say. Time will tell if it ever happens.
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[F]or I know whom I have believed and am persuaded that He is able to keep what I’ve committed to Him until that Day. II Timothy 1:12b.
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