Arsenal Offer Mega £3m Deal to Fabregas

Goal.com reports that Arsenal has handed Cesc Fabregas an unprecedented £3 million ‘golden handcuffs’ payment and upped his wages by nearly 50 per cent to £110,000-a-week to keep him at the club.

The incredible package, which is believed to have been formalised last summer after lengthy negotiations, was agreed to compensate the Spaniard for his relatively ‘below-par’ salary.

It made Fabregas the highest-paid player in Arsenal’s history and has given the club hope that he will once again ignore advances from the Continent this summer and stay at Emirates Stadium.

In 2006, Fabregas signed an eight-year contract, which was worth an initial £60,000-per-week with annual increments built in.

But the player and his agent Darren Dein began talks in 2008 to renegotiate the terms of the deal with the club to reflect his growing status as one of the finest young players in the world.

The Arsenal board were so desperate to hang on to the player they signed from Barcelona at 16 that they finally sanctioned an unprecedented deal to not only increase his salary from £80,000-per-week to £110,000-a-week but also back-date his pay for two years to compensate him for being underpaid over that period compared to other elite Premier League players.

The result was the player received a one-off sum, equivalent to a signing-on-fee, of around £3m, which was effectively £1.5m, or £30,000-a-week, for each of those two years.

“Arsenal were so desperate to keep him,” said a boardroom source. “He has become the club’s talisman and the figurehead for the new generation. His status is similar to what Thierry Henry’s once was.

“Fabregas and his advisers know they have the club over both barrels.”

“Arsenal have been loyal to Fabregas and believe he will be loyal to them,” added the insider. “They know he can earn equally good money, if not better, elsewhere but there are two things in Arsenal’s favour.

“Fabregas is in awe of Arsene Wenger because he feels he owes his career to him and he is also a pragmatic man. He knows that he is young and Barcelona can wait.”

Although Arsenal’s transfer spending has been constrained by the construction of Emirates Stadium, that has not stopped them sanctioning big wage hikes for many of their players.

Seventeen players have been given improved contracts this season and the wage bill is believed to have increased to £115m, the third highest in the Premier League.

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