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I wonder, this contract money that's reduced the transfer kitty, Say Torres has had a pay rise of 30,000 a year over 5yrs, is 30,000 taken out of the transfer kitty or 30,000 over 5yrs = 150,000, is that taken out of Rafa's kitty ?
Must be the whole amount, otherwise it wouldn't amount to much of a hit on the budget for transfers.
Probably comes to about 4-5mill maybe to cover the pay rises.
...while Benitez was handed a budget in the region of £15 million plus whatever he recouped from sales to spend this summer, there was also an understanding that the cost of any significant contract extensions would also come from this pot. Benitez duly awarded new deals and accompanying pay rises to Fernando Torres, Steven Gerrard, Dirk Kuyt, Yossi Benayoun and Daniel Agger, reducing his spending power in the transfer market.
Must be the whole amount, otherwise it wouldn't amount to much of a hit on the budget for transfers.
Probably comes to about 4-5mill maybe to cover the pay rises.
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