The Chinese Super League foresees the exodus of its biggest names after the introduction of a major salary cap … which means former Chelsea star Oscar will face an 86 PERCENT pay cut – losing more £ 16million a year – if he wants to stay in Shanghai
- Chinese Super League set to introduce salary cap early next season
- Major changes mean there could be an exodus of foreign league stars
- Oscar, for example, would have to drop over £ 16million a year if he is to stay
- He earns £ 18.87million per year, but the maximum for overseas players will now be £ 2.7million per year
The Chinese Super League could be driven to an exodus of its biggest names after a dramatic salary cap was approved by the country’s football association.
A slew of big names from the Premier League and other big European leagues have raised the sticks and headed to China for a lucrative paycheck, but that now appears to have ended with new measures to be introduced next season .
It has been revealed that salaries for domestic players will be capped at £ 572,000 per year, while overseas players can now earn a maximum of £ 2.7million per year.
Oscar will have to suffer a huge pay cut if he is to stay in Shanghai SIPG next season
The Hulk is expected to leave the Chinese Super League in the coming months before the introduction of a huge salary cap. He has been linked with Wolves, among others, in the Premier League
WHO WILL LOSE THE MOST MONEY?
Oscar: Currently earning £ 18.87million. Expected to take £ 16.1million cut, or 85.7%
Cedric Bakambu: Currently earning £ 17.7million. Expected to take £ 15million cut, or 84.7%
Pontoon: Currently earning £ 12.8million. Expected to take £ 10.1million cut, or 78.9%
Graziano Shovel: Currently earning £ 13.7million. Expected to take £ 11million cut, or 80.2%
It’s a blow to the former Chelsea star Oscar, who is currently reportedly earning a whopping £ 18.87million a year salary at Shanghai SIPG. This means a massive 86% pay cut, or £ 16.14million, if he decides to stay at the club until the next national campaign and beyond.
According to South China Morning Post, players with a salary like Oscar’s have the option of reducing it over three years, rather than taking it all at once. It is not yet clear how steep each annual cut will be.
Cedric Bakambu (£ 341,000 per week), Hulk (£ 293,000 per week) and former Southampton striker Graziano Pelle (£ 263,000 per week) are other big names facing a similar pay cut to that of ‘Oscar and a large number of foreign players are now expected to leave China to pursue their careers.
Teams exceeding the limits will be tied down from six to 24 points and players with salaries above the cap will not be allowed to participate in matches organized by the CFA.
“No matter the size of the club or the fame of the player, we will strictly follow the regulations without any consideration,” said CFA President Chen Xuyuan. “Don’t test our resolve.
Ex-Southampton man Graziano Pelle reportedly earning £ 263,000 a week in China
Cedric Bakambu, formerly of Villarreal, is one of the best earners in the Chinese Super League
“CSL club spending is about 10 times that of the South Korean K-League and three times that of the Japanese J-League. But our national team is far behind, ”said CFA President Chen Xuyuan.
“The bubbles not only affect the present of Chinese football, but also damage its future.”
Spending limits have also been introduced for the second and third levels.