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Reid receives massive pay out to tear up contract

Winston Reid got a massive payoff to rip up his West Ham contract by mutual consent which expired on 30th June 2023.

Claret and Hugh understand the compensation closely resembles the huge payoff that Jack Wilsher received over a year ago when the Hammers agreed to pay 85% of his remaining wages to rip up his £100,000 per week contract.

With 92 weeks of Reid’s contract remaining the former hammers was entitled to just under £6.5m of wages if the reported £70,000 per week is to be believed.

This would give him in theory just under £5.5m most likely paid in instalments with the club saving just under £1m from the new agreement.

Reid was no longer in the manager’s plans due to a loss of pace after his serious injury and he was unlikely to ever play for the first team again.

The club believes the small wage saving was the best outcome for both parties as they were no offers for him over the summer.

Despite his eleven years of service, Reid will not be receiving a testimonial, the cost of hosting any testimonial at the London Stadium is around £300,000 so you have to sell a lot of tickets just to break even.   The last player testimonial was at the Boleyn ground in 2016 for Mark Noble, before that it was Julian Dicks in 2000 and Steve Potts in 1997.

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About Sean Whetstone

I am Season Ticket Holder in West stand lower at the London Stadium and before that, I used to stand in the Sir Trevor Brooking Lower Row R seat 159 in the Boleyn Ground and in the Eighties I stood on the terraces of the old South Bank. I am a presenter on the West Ham Podcast called MooreThanJustaPodcast.co.uk. A Blogger on WestHamTillIdie.com a member of the West Ham Supporters Advisory Board (SAB), Founder of a Youtube channel called Mr West Ham Football at http://www.youtube.com/MrWestHamFootball, I am also the associate editor here at Claret and Hugh. Life Long singer of bubbles! Come on you Irons! Follow me at @Westhamfootball on twitter

2 comments on “Reid receives massive pay out to tear up contract

  1. For me, it is NOT all about the “Pay-Off” made to Winston Reid. If any of us were footballers playing for West Ham….we would Also expect to be paid off. Sometimes there can be too much emphasis placed on a pay-off/termination of contract, as in sport, accidents will happen which can have a permanent effect on the rest of your career.
    He is in No WAY…another Wilshere.
    I would like to thank Winston as a Great Ambassador Player and Leader for this club and I wish him the very best for the future ⚒️⚒️⚒️

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