Chinese Super League set for exodus of its biggest names after major salary cap is introduced… meaning former Chelsea star Oscar will have to take 86 PER CENT pay cut – losing over £16m a year – if he wants to stay in Shanghai
- Chinese Super League are set to bring in a salary cap at the start of next season
- Wholesale changes mean there could be an exodus of foreign stars from league
- Oscar, for example, would have to give up over £16m a year if he is to stay
- He earns £18.87m a year but max for foreign players will now be £2.7m a year
The Chinese Super League could be set for an exodus of its biggest names after a dramatic salary cap was approved by the country’s football association.
A whole host of big names from the Premier League and other top European leagues have upped sticks and headed to China for a lucrative pay-day, but that now appears to have ended with new measures that are being brought in next season.
It has been revealed that salaries for domestic players will be capped at £572,000 a year, while foreign players can now earn a maximum of £2.7m a year.
Oscar will have to take a huge pay cut if he wants to stay at Shanghai SIPG into next season
Hulk is expected to leave the Chinese Super League in the coming months before a huge salary cap is introduced. He has been linked with Wolves, among others, in the Premier League
WHO WILL LOSE THE MOST MONEY?
Oscar: Currently earns £18.87m. Would have to take a cut of £16.1m, or 85.7%
Cedric Bakambu: Currently earns £17.7m. Would have to take a cut of £15m, or 84.7%
Hulk: Currently earns £12.8m. Would have to take a cut of £10.1m, or 78.9%
Graziano Pelle: Currently earns £13.7m. Would have to take a cut of £11m, or 80.2%
That is a huge blow for the likes of former Chelsea star Oscar, who is currently reported to be earning a huge wage of £18.87m a year at Shanghai SIPG. It means a massive pay cut of 86 per cent, or £16.14m, if he decides he wants to stay at the club into the next domestic campaign and beyond.
According to the South China Morning Post, there is an option for players on a salary like Oscar’s to have it reduced across three years, rather than taking the hit all at once. It is not yet known just how steep each yearly cut will be.
Cedric Bakambu (£341,000 a week), Hulk (£293,000 a week) and former Southampton flop Graziano Pelle (£263,000 a week) are other top names facing a similar pay cut to Oscar and a large number of foreign players are now expected to head out of China to continue their careers.
Teams exceeding limits will be docked six to 24 points and players whose salaries exceed the cap will not be allowed to participate in matches organised by the CFA.
‘No matter how big the club is or how famous the player is, we will strictly follow the regulations with no considerations,’ CFA president Chen Xuyuan said. ‘Do not test our determination.’
Ex-Southampton man Graziano Pelle is said to be earning a massive £263,000 a week in China
Cedric Bakambu, formerly of Villarreal, is another of Chinese Super League’s highest earners
‘CSL club expenditure is about 10 times higher than South Korea’s K-League and three times higher than Japan’s J-league. But our national team is lagging far behind,’ CFA President Chen Xuyuan said.
‘The bubbles not only affect the present of Chinese football, but also hurt its future.’
Spending limits have also been introduced for the second and third tiers.