Current squad's 50% wage-cut clause.

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Paolo's Piranhas
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Current squad's 50% wage-cut clause.

Post by Paolo's Piranhas » Fri Jan 24, 2020 4:23 pm

I thought about posting this in another thread, but couldn’t see where it should go. If it should have gone elsewhere, please put it there.

In a Hammers Chat video posted yesterday, Gonzo said he’d spoken to someone at the club who told him all our players have a clause in their contract, allowing the club to cut their wages by 50% in the event of relegation. I don’t know if that’s true or not, or just something he’s been led to believe. But if it is, from the club’s perspective, it puts a very different spin on relegation.

A lot of our players wouldn’t want to play in the Championship under any circumstances. But others who might have considered it, might not if it meant a 50% wage cut. It also opens up the possibility that some of our higher paid unshiftables might also start looking elsewhere, as though no one will match their current wages, someone might go above 50%, which is all they’ll be left with if they stick around.

If this clause is real, it certainly presents the club with an opportunity for a massive clear out.


coyi27
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Re: Current squad's 50% wage-cut clause.

Post by coyi27 » Fri Jan 24, 2020 4:36 pm

Every club have this clause in the player contracts. It usually ranges between 35%-65%
Last edited by coyi27 on Fri Jan 24, 2020 4:37 pm, edited 1 time in total.

el pato
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Re: Current squad's 50% wage-cut clause.

Post by el pato » Fri Jan 24, 2020 4:40 pm

Do the high earners have an option to leave in the event of relegation i wonder?

Paolo's Piranhas
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Re: Current squad's 50% wage-cut clause.

Post by Paolo's Piranhas » Fri Jan 24, 2020 4:42 pm

coyi27 wrote:
Fri Jan 24, 2020 4:36 pm
Every club have this clause in the player contracts. It usually ranges between 35%-65%
Thanks for letting me know, I didn't realise it was standard practice. If a passing mod could delete the thread.

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iLoveLasagne
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Re: Current squad's 50% wage-cut clause.

Post by iLoveLasagne » Fri Jan 24, 2020 4:49 pm

We need to re-sign Carlton Cole.

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Up the Junction
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Re: Current squad's 50% wage-cut clause.

Post by Up the Junction » Fri Jan 24, 2020 4:51 pm

Paolo's Piranhas wrote:
Fri Jan 24, 2020 4:42 pm
Thanks for letting me know, I didn't realise it was standard practice. If a passing mod could delete the thread.
Still worth a watch though, PP. I think we can let it stay. :thup:

Claret&Blue,Thru&
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Re: Current squad's 50% wage-cut clause.

Post by Claret&Blue,Thru& » Fri Jan 24, 2020 4:53 pm

coyi27 wrote:
Fri Jan 24, 2020 4:36 pm
Every club have this clause in the player contracts. It usually ranges between 35%-65%
We didn't in 2010/11. Surprised sense has prevailed (if true: bet Wilshire's agent had the clause excluded)!

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Re: Current squad's 50% wage-cut clause.

Post by Vic_Watson » Fri Jan 24, 2020 5:06 pm

coyi27 wrote:
Fri Jan 24, 2020 4:36 pm
Every club have this clause in the player contracts. It usually ranges between 35%-65%
And yet every time a club gets relegated you read that X, Y and Z must be shed because they're the highest earners. You would think that hardly matters if they are having their pay slashed so much.

mushy
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Re: Current squad's 50% wage-cut clause.

Post by mushy » Fri Jan 24, 2020 5:35 pm

I saw that video this morning (to be honest not all of it).
I thought the gist of it was that nobody was going to sign right now because they have told potential players that in the event of relegation their wages will be cut by 50%.
I didnt hear him say that all the players already had that clause.
I dont think its true that all players have it automatically written into a contract, that surely depends on player and agent.

I like Gonzo and his videos, think he is a top man.

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Ironing Board
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Re: Current squad's 50% wage-cut clause.

Post by Ironing Board » Fri Jan 24, 2020 5:40 pm

Players should be on low basics with very high incentive bonuses. This lack of incentivization is part of the reason why so many clubs are getting almost no effort from players who are literally earning more than many Wall Street CEOs every year.

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Mega Ron
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Re: Current squad's 50% wage-cut clause.

Post by Mega Ron » Fri Jan 24, 2020 6:04 pm

Ironing Board wrote:
Fri Jan 24, 2020 5:40 pm
Players should be on low basics with very high incentive bonuses. This lack of incentivization is part of the reason why so many clubs are getting almost no effort from players who are literally earning more than many Wall Street CEOs every year.
Wall Street CEOs.

Lolz.

Paolo's Piranhas
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Re: Current squad's 50% wage-cut clause.

Post by Paolo's Piranhas » Fri Jan 24, 2020 6:24 pm

Up the Junction wrote:
Fri Jan 24, 2020 4:51 pm
I think we can let it stay. :thup:
Your site, your call. :D
mushy wrote:
Fri Jan 24, 2020 5:35 pm
I saw that video this morning (to be honest not all of it).
I thought the gist of it was that nobody was going to sign right now because they have told potential players that in the event of relegation their wages will be cut by 50%.
I didnt hear him say that all the players already had that clause.
I dont think its true that all players have it automatically written into a contract, that surely depends on player and agent.

I like Gonzo and his videos, think he is a top man.
He goes on to say he was told it's both. That everyone here already has it, and the club are being told it's putting players off signing in this window. Re the 50% across the board, that's part of what surprised me, that it was apparently the same for everyone. But the contractual side of things is something I don't know anything about, as shown by my not knowing it was standard practice, haha.

Agreed, re the Hammers Chat and Hammers Chat Forum videos. I enjoy them, too.

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Re: Current squad's 50% wage-cut clause.

Post by mushy » Fri Jan 24, 2020 6:33 pm

Ironing Board wrote:
Fri Jan 24, 2020 5:40 pm
Players should be on low basics with very high incentive bonuses.
And no player would ever sign.

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Re: Current squad's 50% wage-cut clause.

Post by mushy » Fri Jan 24, 2020 6:39 pm

Paolo's Piranhas wrote:
Fri Jan 24, 2020 6:24 pm
Your site, your call. :D



He goes on to say he was told it's both. That everyone here already has it, and the club are being told it's putting players off signing in this window.
Thanks Paolo, that will teach me to try and skim view videos.

peter49uk
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Re: Current squad's 50% wage-cut clause.

Post by peter49uk » Fri Jan 24, 2020 6:42 pm

That’s only if they stay and if WHU go down I can see a bit of an exodus happening

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westham,eggyandchips
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Re: Current squad's 50% wage-cut clause.

Post by westham,eggyandchips » Fri Jan 24, 2020 6:51 pm

mushy wrote:
Fri Jan 24, 2020 5:35 pm

I thought the gist of it was that nobody was going to sign right now because they have told potential players that in the event of relegation their wages will be cut by 50%.
Good god...... :shock:

What a laughing stock.

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Hugh Jargon II
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Re: Current squad's 50% wage-cut clause.

Post by Hugh Jargon II » Fri Jan 24, 2020 7:27 pm

Technically we could keep who we want.

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Ironing Board
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Re: Current squad's 50% wage-cut clause.

Post by Ironing Board » Fri Jan 24, 2020 7:31 pm

mushy wrote:
Fri Jan 24, 2020 6:33 pm
And no player would ever sign.
Depends how high the bonuses are. Earn 50K a week with a 150K win bonus or 70K with a 20K win bonus. I imagine players would soon be playing with much more commitment!

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SammyLeeWasOffside
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Re: Current squad's 50% wage-cut clause.

Post by SammyLeeWasOffside » Fri Jan 24, 2020 8:15 pm

westham,eggyandchips wrote:
Fri Jan 24, 2020 6:51 pm
Good god...... :shock:

What a laughing stock.
Why? It's a perfectly sensible precaution surely. Wasn't it hull or somebody that didn't stick these clauses in and got screwed when they went down.

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iLoveLasagne
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Re: Current squad's 50% wage-cut clause.

Post by iLoveLasagne » Fri Jan 24, 2020 8:33 pm

If it is compulsory then all prospective signings will expect this whichever club they sign for. Their only fear would be committing to us beyond this season due to the likelihood of relegation. Loan with option would be best option for both in that case. Or simply loan if we are being shortsighted, tight and indecisive with no succession planning for next season.

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