Hammers free up £14m off wage bill

West Ham has freed up nearly £14m off their annual wage bill for this coming season which can be re-invested in new players.

Including basic wages, employers national insurance and add-ons Gokhan Tore £60,000 per week,  Jonathan Calleri £40,000 per week and Alvaro Arbeloa £65,000 all officially end their loans on 30th June in 9 days time.

The sale of Havard Nordtveit to TSG 1899 Hoffenheim for £5m will also save another £55,000 per week in wages.

Reece Oxford is one of the highest paid Academy players and his £20,000 per week will be saved by going out for loan for a season with Borussia Monchengladbach.

Stephen Hendrie and Raphael Spiegal cancelling their contracts by mutual consent will free up another £25,000 per week in wages combined.

The combined weekly wage value of this outbound players is around £265,000 per week or £13.78m annually.

Financial Fair Play is no longer a real factor after the rules changed last season on how it can be calculated and West Ham has the advantage of including the increase of revenue from the move to the London Stadium. In reality, it would be hard for us to reach the new FFP ceiling.

Let’s hope we reinvest these wages wisely this summer.