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Post by aaronaldo on Jun 14, 2024 21:05:14 GMT
Do we know how much sell on % Cheltenham have? I’m assuming we didn’t expect to sell him so it could be significant.
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Post by reamsofverse on Jun 14, 2024 21:08:30 GMT
I think that's why we have put such a high price on his head, with one eye on what we have to give Cheltenham.
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Post by aucklandaddick on Jun 14, 2024 21:19:57 GMT
1.2m is good all considering. You just hope jones has targets in mind ready to go. You would hope we get a replacement in before he goes but I wouldn't bet on it. I always got the feeling we would be bringing in two new CF in anyway regardless of whether Alfie stays or goes…..I just think NJ prefers more physical players up top.. |
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Post by clarky on Jun 14, 2024 21:38:51 GMT
You would hope we get a replacement in before he goes but I wouldn't bet on it. I always got the feeling we would be bringing in two new CF in anyway regardless of whether Alfie stays or goes…..I just think NJ prefers more physical players up top.. Agreed, but with him going we would then need three in. And whilst a big physical presence up front maybe NJs preference Alfie provides a tried and tested alternative. Selling him for a million when Cheltenham take a cut doesn't make sense nor is it good business unless we get promoted on taking a gamble on players with what will undoubtedly be a worse scoring record. |
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Post by tonycafc on Jun 14, 2024 22:18:10 GMT
Alfie is a lovely lad and at his age knows there are not going to be many big pay days around the corner. Basically he is holding all the cards he doesn't have to go if he doesn't want to, so he should be shrewd enough to say if you want me to go I am going to want a good chunk of the transfer fee.
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Post by weststandfruitloop on Jun 14, 2024 22:29:52 GMT
Alfie is a lovely lad and at his age knows there are not going to be many big pay days around the corner. Basically he is holding all the cards he doesn't have to go if he doesn't want to, so he should be shrewd enough to say if you want me to go I am going to want a good chunk of the transfer fee. What? That's literally illegal. Are you smoking crack or are you genuinely 12 years old and new to the sport of football. Players don't get "a chunk of the transfer fee" you silly potato. |
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Post by tonycafc on Jun 14, 2024 22:48:50 GMT
In stead of a knee jerk reply, think a little more outside of the box. I was speaking metaphorically, he should have the sense to make sure he gets sufficient
payments, ie signing fee, plus leaving fee, what ever you want to call it.
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Post by weststandfruitloop on Jun 14, 2024 22:55:53 GMT
In stead of a knee jerk reply, think a little more outside of the box. I was speaking metaphorically, he should have the sense to make sure he gets sufficient payments, ie signing fee, plus leaving fee, what ever you want to call it. He will. He'll also most likely double his wages and get a longer (by at leaat a year) contract. I'm not sure what point you're making. |
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Post by tonycafc on Jun 14, 2024 23:03:13 GMT
The point I am making is if he is shrewd enough he will not just settle for a longer contract, higher wages, signing on fee. He will make sure he gets a significant payment from us which would be negotiated as part of the deal before committing to signing.
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Post by aaronaldo on Jun 15, 2024 8:04:33 GMT
The point I am making is if he is shrewd enough he will not just settle for a longer contract, higher wages, signing on fee. He will make sure he gets a significant payment from us which would be negotiated as part of the deal before committing to signing. I don’t get this. You think we will pay him to leave? |
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Post by weststandfruitloop on Jun 15, 2024 10:33:04 GMT
The point I am making is if he is shrewd enough he will not just settle for a longer contract, higher wages, signing on fee. He will make sure he gets a significant payment from us which would be negotiated as part of the deal before committing to signing. What transfers (other than those where an unwanted player is being paid off and released on a free) have you heard of where the selling club gives the player a load of cash? It must happen a lot if you're assuming it's going to happen re May. Personally I've never heard of such a thing in 40 years of following football. |
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Post by essexaddick on Jun 15, 2024 10:42:39 GMT
Alfie is a lovely lad and at his age knows there are not going to be many big pay days around the corner. Basically he is holding all the cards he doesn't have to go if he doesn't want to, so he should be shrewd enough to say if you want me to go I am going to want a good chunk of the transfer fee. What? That's literally illegal. Are you smoking crack or are you genuinely 12 years old and new to the sport of football. Players don't get "a chunk of the transfer fee" you silly potato. He probably means signing on fee. |
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Post by weststandfruitloop on Jun 15, 2024 10:48:56 GMT
What? That's literally illegal. Are you smoking crack or are you genuinely 12 years old and new to the sport of football. Players don't get "a chunk of the transfer fee" you silly potato. He probably means signing on fee. He doesn't. Check out the follow-on posts where he confirms that he expects Alfie to force Charlton to pay him a bunch of cash to join Huddersfield! |
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Post by kings hill addick on Jun 15, 2024 11:14:52 GMT
He probably means signing on fee. He doesn't. Check out the follow-on posts where he confirms that he expects Alfie to force Charlton to pay him a bunch of cash to join Huddersfield! It does happen all the time. If a player asks for a transfer he waves the right to a payoff otherwise he gets one. It has always been like that. |
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Post by dickybaby on Jun 15, 2024 11:33:28 GMT
I'm on the side of letting Alfie go assuming we make a decent profit and get quality replacements
NJ has talked about playing at a high tempo with athletic, powerful players and he just doesnt fit into that mould. Its a complete rebuild and so often goals are shared around not just a number 9 these days
As with Dobbo if they were that good there would be championship interest, particularly in Dobbo's case given he was going to be a free agent. Not to say Dobbo hasnt been our most effective player but his strength was really fire fighting and hopefully we will have more control of games in the next couple of seasons
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Post by weststandfruitloop on Jun 15, 2024 12:14:10 GMT
He doesn't. Check out the follow-on posts where he confirms that he expects Alfie to force Charlton to pay him a bunch of cash to join Huddersfield! It does happen all the time. If a player asks for a transfer he waves the right to a payoff otherwise he gets one. It has always been like that. Are you talking about a signing-on fee? That's negotiated between the player and the buying club (not the selling club) and is fairly uncommon at League One level. Payoffs (from the selling club) are for loss of earnings and only occur if the player's new weekly wages are less than the wages of their existing (selling club) contract. We almost certainly had to give McGrandles some sort of payoff when he joined Lincoln yesterday, for example, to compensate (at least partially) the gap between his final year's wages at Charlton and the lower amount Lincoln probably pay. There's no way Huddersfield will be paying May less than we do (they're more likely to be paying him more) so there's literally nothing (no 'loss of earnings') for us to pay off. There's no way on Planet Earth we'll need to pay May off if he joins Huddersfield. |
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Post by valley on Jun 15, 2024 12:43:49 GMT
Got a photo of Alfie May today near Dartford he said Jones don't want him.
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Post by reamsofverse on Jun 15, 2024 12:52:19 GMT
Got a photo of Alfie May today near Dartford he said Jones don't want him. Put it up then. Never seen a photo talk before!! |
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Post by valley on Jun 15, 2024 12:53:28 GMT
Got a photo of Alfie May today near Dartford he said Jones don't want him. Put it up then. Never seen a ophoto talk before!! How?. |
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Post by kings hill addick on Jun 15, 2024 12:59:07 GMT
It does happen all the time. If a player asks for a transfer he waves the right to a payoff otherwise he gets one. It has always been like that. Are you talking about a signing-on fee? That's negotiated between the player and the buying club (not the selling club) and is fairly uncommon at League One level. Payoffs (from the selling club) are for loss of earnings and only occur if the player's new weekly wages are less than the wages of their existing (selling club) contract. We almost certainly had to give McGrandles some sort of payoff when he joined Lincoln yesterday, for example, to compensate (at least partially) the gap between his final year's wages at Charlton and the lower amount Lincoln probably pay. There's no way Huddersfield will be paying May less than we do (they're more likely to be paying him more) so there's literally nothing (no 'loss of earnings') for us to pay off. There's no way on Planet Earth we'll need to pay May off if he joins Huddersfield. No. I’m not. If a club agrees to sell a player during his contract, and the player hasn’t asked to leave, the club is contractually obliged to pay up the total of his contract - irrespective as to what the new club are going to pay him. If you compare that to another industry, if you want an employee to leave with a year left on his contract you have to pay him for the year that he has ‘guaranteed’. Clubs will, often, do a deal with the player, and often he wants to go anyway, but clubs do pay players to leave. They always have done. In reality, the payment to the player comes out of the transfer fee but if the player wants more then he is very much able to ask for it, or to refuse to leave. It’s, certainly, not illegal to ask for a payment. |
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Post by manikin on Jun 15, 2024 13:07:18 GMT
Are you talking about a signing-on fee? That's negotiated between the player and the buying club (not the selling club) and is fairly uncommon at League One level. Payoffs (from the selling club) are for loss of earnings and only occur if the player's new weekly wages are less than the wages of their existing (selling club) contract. We almost certainly had to give McGrandles some sort of payoff when he joined Lincoln yesterday, for example, to compensate (at least partially) the gap between his final year's wages at Charlton and the lower amount Lincoln probably pay. There's no way Huddersfield will be paying May less than we do (they're more likely to be paying him more) so there's literally nothing (no 'loss of earnings') for us to pay off. There's no way on Planet Earth we'll need to pay May off if he joins Huddersfield. No. I’m not. If a club agrees to sell a player during his contract, and the player hasn’t asked to leave, the club is contractually obliged to pay up the total of his contract - irrespective as to what the new club are going to pay him. If you compare that to another industry, if you want an employee to leave with a year left on his contract you have to pay him for the year that he has ‘guaranteed’. Clubs will, often do a deal with the player, and often he wants to go anyway, but clubs do pay players to leave. They always have done. In reality, the payment to the player comes out of the transfer fee but if the player wants more then he is very much able to ask for it, or to refuse to leave. It’s, certainly, not illegal to ask for a payment. Correct and well put. |
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Post by reamsofverse on Jun 15, 2024 13:17:04 GMT
As I understand it the player being sold receives 10% of the fee that is being paid for him. That's how it used to be anyway.
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Post by Professor Glum on Jun 15, 2024 13:20:06 GMT
Got a photo of Alfie May today near Dartford he said Jones don't want him. Sounds like this story is still developing  |
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Post by weststandfruitloop on Jun 15, 2024 14:05:39 GMT
As I understand it the player being sold receives 10% of the fee that is being paid for him. That's how it used to be anyway. CURRENT RULES (PER THE EFL HANDBOOK) ARE AS BELOW: Unless otherwise agreed by The League, no lump sum payment shall be paid or payable by a Club to a Player during the first year of his employment as a Contract Player with that Club save for: a Signing-on fee (which must be paid in accordance with Regulation 64.14); or a sum paid in respect of the Player’s relocation expenses not exceeding the amount from time to time permitted by HMRC to be paid for this purpose without income tax and national insurance liability. The introductory wording of Regulation 64.13, and the provisions relating to signing on fees in the following Regulation are intended to avoid situations where Players take large payments in Season one of a multi-year contract, and then seek to demand uplifts in subsequent years. The Regulations are as a direct result of requests from Clubs for these measures. Lump sum payments. No payment can be made prior to twelve months' service unless contract runs for less than twelve months, in which case payment can be made on the last day of contract. See also note to Regulation 65. Appearance payments. To meet the above requirements, lump sum payments in respect of appearances may only be paid after twelve months' service, but the EFL will also accept provisions which allow payments after 40 appearances, and the Board has also determined that Clubs may make payments after a lesser number of appearances providing it is continuous provision throughout the period of the contract. In respect to Lump sum Payments and Appearance payments only, service both as a Scholar and a Contract Player will count towards the 12 month threshold. Other Academy registrations will not count. Loyalty payments. The EFL will permit Clubs to agree ‘loyalty payments’ provided the contract makes it clear that to receive the payment the Player must still be in the service of the Club on the due date. Should the player for any reason leave the Club, at the Club's request prior to the date, a sum shall be paid pro-rata on the services given at the date of cessation of employment with the Club and subject to the prior permission of the EFL Board. Clubs should be aware that only signing on fees are classed as ‘once only’ payments for the purposes of Regulation 68.3 and any other types of bonuses including any loyalty bonus would need to be part included in any subsequent offer to an Under 24 Player before the Club will be able to retain compensation rights on expiry of the contract. One option for Clubs is to make a loyalty bonus subject to completion of a specified number of years' service, in which case the player is not entitled to a similar payment under the new contract until he has completed an equivalent length of service under that new contract. Relocation Expenses. Under current HMRC Guidelines (available here) subject to meeting the relevant criteria, a Player may receive up to a maximum £8,000 tax free. The contract should provide that payment will only be made on the production of valid receipts. Signing on fees may be paid only to Contract Players and must be paid in equal annual instalments over the period of the contract. If the Player's registration is transferred at any time during the currency of his contract at the request of the Club any balance of the signing on fee then unpaid shall become immediately due and payable to the Player, unless a Player Related Dispute Commission, having considered at the Club's request, the circumstances in which the request of the Club was made, consider that such payments shall not be made. If the Club or the Player is not satisfied with the decision of the Player Related Dispute Commission there shall be a right of appeal to the League Appeals Committee within fourteen days of receipt of the Player Related Dispute Commission's decision. The decision of the League Appeals Committee shall be final. Guidance Signing-on-Fees are the only payment in a Contract that can be referred to as once only or one-off for purposes of Regulation 68.3. When a Player transfers during the term of his contract, if the intention is to waive any rights to future instalments of the signing on fee this must be secured by the player signing a waiver. Failure to provide the EFL with a copy of the document will result in EFL Regulations having to be applied. Where a Club seeks to register an Out of Registration Player after the closure of the mid-season transfer window, Clubs can choose to include a Signing-on-Fee, pay one pro-rata for the period up to 30 June or wait until the following season. If a Player signs an updated contract, the parties are free to carry over any outstanding instalment from a previous contract if they so wish. Where this is agreed, provisions must be included to that effect in the new contract. If a Player’s registration is transferred by reason of his written request or there is a proven statement in the media by the Player or his Intermediary to the effect that he wants to join another Club, or he leaves a Club by reason of a breach by him of his contract, he shall forfeit any instalments of the signing on fee that fall due for payment after the date on which the registration is transferred, unless the Player Related Dispute Commission is satisfied that his request for a transfer was made on reasonable grounds. SUMMARY OF THE ABOVE: When we signed May from Cheltenham, if we agreed a signing on fee, that would have be payable over the two years of his Charlton contract. So we will paid him 50% of that fee so far (the first season bit). Since he hasn't openly asked for a transfer we will have to pay him the remaining 50% (second season bit) when we sell him. Assuming the £250k transfer fee is correct and assuming we agreed 10% of that as a signing on fee amount, we will have paid May £12.5k for his first year and we have to pay him the remaining £12.5k if he leaves this summer. Any signing fee from Huddersfield is down to Huddersfield to sort out. That's as I understand it, from reading the above which is the current official EFL rules on signing on fees. I assume this is what people are referring to when they talk about a 'payoff' from Charlton to May. |
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Post by kings hill addick on Jun 15, 2024 14:25:40 GMT
As I understand it the player being sold receives 10% of the fee that is being paid for him. That's how it used to be anyway. CURRENT RULES (PER THE EFL HANDBOOK) ARE AS BELOW: Unless otherwise agreed by The League, no lump sum payment shall be paid or payable by a Club to a Player during the first year of his employment as a Contract Player with that Club save for: a Signing-on fee (which must be paid in accordance with Regulation 64.14); or a sum paid in respect of the Player’s relocation expenses not exceeding the amount from time to time permitted by HMRC to be paid for this purpose without income tax and national insurance liability. The introductory wording of Regulation 64.13, and the provisions relating to signing on fees in the following Regulation are intended to avoid situations where Players take large payments in Season one of a multi-year contract, and then seek to demand uplifts in subsequent years. The Regulations are as a direct result of requests from Clubs for these measures. Lump sum payments. No payment can be made prior to twelve months' service unless contract runs for less than twelve months, in which case payment can be made on the last day of contract. See also note to Regulation 65. Appearance payments. To meet the above requirements, lump sum payments in respect of appearances may only be paid after twelve months' service, but the EFL will also accept provisions which allow payments after 40 appearances, and the Board has also determined that Clubs may make payments after a lesser number of appearances providing it is continuous provision throughout the period of the contract. In respect to Lump sum Payments and Appearance payments only, service both as a Scholar and a Contract Player will count towards the 12 month threshold. Other Academy registrations will not count. Loyalty payments. The EFL will permit Clubs to agree ‘loyalty payments’ provided the contract makes it clear that to receive the payment the Player must still be in the service of the Club on the due date. Should the player for any reason leave the Club, at the Club's request prior to the date, a sum shall be paid pro-rata on the services given at the date of cessation of employment with the Club and subject to the prior permission of the EFL Board. Clubs should be aware that only signing on fees are classed as ‘once only’ payments for the purposes of Regulation 68.3 and any other types of bonuses including any loyalty bonus would need to be part included in any subsequent offer to an Under 24 Player before the Club will be able to retain compensation rights on expiry of the contract. One option for Clubs is to make a loyalty bonus subject to completion of a specified number of years' service, in which case the player is not entitled to a similar payment under the new contract until he has completed an equivalent length of service under that new contract. Relocation Expenses. Under current HMRC Guidelines (available here) subject to meeting the relevant criteria, a Player may receive up to a maximum £8,000 tax free. The contract should provide that payment will only be made on the production of valid receipts. Signing on fees may be paid only to Contract Players and must be paid in equal annual instalments over the period of the contract. If the Player's registration is transferred at any time during the currency of his contract at the request of the Club any balance of the signing on fee then unpaid shall become immediately due and payable to the Player, unless a Player Related Dispute Commission, having considered at the Club's request, the circumstances in which the request of the Club was made, consider that such payments shall not be made. If the Club or the Player is not satisfied with the decision of the Player Related Dispute Commission there shall be a right of appeal to the League Appeals Committee within fourteen days of receipt of the Player Related Dispute Commission's decision. The decision of the League Appeals Committee shall be final. Guidance Signing-on-Fees are the only payment in a Contract that can be referred to as once only or one-off for purposes of Regulation 68.3. When a Player transfers during the term of his contract, if the intention is to waive any rights to future instalments of the signing on fee this must be secured by the player signing a waiver. Failure to provide the EFL with a copy of the document will result in EFL Regulations having to be applied. Where a Club seeks to register an Out of Registration Player after the closure of the mid-season transfer window, Clubs can choose to include a Signing-on-Fee, pay one pro-rata for the period up to 30 June or wait until the following season. If a Player signs an updated contract, the parties are free to carry over any outstanding instalment from a previous contract if they so wish. Where this is agreed, provisions must be included to that effect in the new contract. If a Player’s registration is transferred by reason of his written request or there is a proven statement in the media by the Player or his Intermediary to the effect that he wants to join another Club, or he leaves a Club by reason of a breach by him of his contract, he shall forfeit any instalments of the signing on fee that fall due for payment after the date on which the registration is transferred, unless the Player Related Dispute Commission is satisfied that his request for a transfer was made on reasonable grounds. SUMMARY OF THE ABOVE: When we signed May from Cheltenham, if we agreed a signing on fee, that would have be payable over the two years of his Charlton contract. So we will paid him 50% of that fee so far (the first season bit). Since he hasn't openly asked for a transfer we will have to pay him the remaining 50% (second season bit) when we sell him. Assuming the £250k transfer fee is correct and assuming we agreed 10% of that as a signing on fee amount, we will have paid May £12.5k for his first year and we have to pay him the remaining £12.5k if he leaves this summer. Any signing fee from Huddersfield is down to Huddersfield to sort out. That's as I understand it, from reading the above which is the current official EFL rules on signing on fees. I assume this is what people are referring to when they talk about a 'payoff' from Charlton to May. I only skimmed that as I do have better things to do on a Saturday afternoon but, at first look, that explains, exactly, what I said, no? |
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Post by aucklandaddick on Jun 15, 2024 14:33:21 GMT
As I understand it the player being sold receives 10% of the fee that is being paid for him. That's how it used to be anyway. CURRENT RULES (PER THE EFL HANDBOOK) ARE AS BELOW: Unless otherwise agreed by The League, no lump sum payment shall be paid or payable by a Club to a Player during the first year of his employment as a Contract Player with that Club save for: a Signing-on fee (which must be paid in accordance with Regulation 64.14); or a sum paid in respect of the Player’s relocation expenses not exceeding the amount from time to time permitted by HMRC to be paid for this purpose without income tax and national insurance liability. The introductory wording of Regulation 64.13, and the provisions relating to signing on fees in the following Regulation are intended to avoid situations where Players take large payments in Season one of a multi-year contract, and then seek to demand uplifts in subsequent years. The Regulations are as a direct result of requests from Clubs for these measures. Lump sum payments. No payment can be made prior to twelve months' service unless contract runs for less than twelve months, in which case payment can be made on the last day of contract. See also note to Regulation 65. Appearance payments. To meet the above requirements, lump sum payments in respect of appearances may only be paid after twelve months' service, but the EFL will also accept provisions which allow payments after 40 appearances, and the Board has also determined that Clubs may make payments after a lesser number of appearances providing it is continuous provision throughout the period of the contract. In respect to Lump sum Payments and Appearance payments only, service both as a Scholar and a Contract Player will count towards the 12 month threshold. Other Academy registrations will not count. Loyalty payments. The EFL will permit Clubs to agree ‘loyalty payments’ provided the contract makes it clear that to receive the payment the Player must still be in the service of the Club on the due date. Should the player for any reason leave the Club, at the Club's request prior to the date, a sum shall be paid pro-rata on the services given at the date of cessation of employment with the Club and subject to the prior permission of the EFL Board. Clubs should be aware that only signing on fees are classed as ‘once only’ payments for the purposes of Regulation 68.3 and any other types of bonuses including any loyalty bonus would need to be part included in any subsequent offer to an Under 24 Player before the Club will be able to retain compensation rights on expiry of the contract. One option for Clubs is to make a loyalty bonus subject to completion of a specified number of years' service, in which case the player is not entitled to a similar payment under the new contract until he has completed an equivalent length of service under that new contract. Relocation Expenses. Under current HMRC Guidelines (available here) subject to meeting the relevant criteria, a Player may receive up to a maximum £8,000 tax free. The contract should provide that payment will only be made on the production of valid receipts. Signing on fees may be paid only to Contract Players and must be paid in equal annual instalments over the period of the contract. If the Player's registration is transferred at any time during the currency of his contract at the request of the Club any balance of the signing on fee then unpaid shall become immediately due and payable to the Player, unless a Player Related Dispute Commission, having considered at the Club's request, the circumstances in which the request of the Club was made, consider that such payments shall not be made. If the Club or the Player is not satisfied with the decision of the Player Related Dispute Commission there shall be a right of appeal to the League Appeals Committee within fourteen days of receipt of the Player Related Dispute Commission's decision. The decision of the League Appeals Committee shall be final. Guidance Signing-on-Fees are the only payment in a Contract that can be referred to as once only or one-off for purposes of Regulation 68.3. When a Player transfers during the term of his contract, if the intention is to waive any rights to future instalments of the signing on fee this must be secured by the player signing a waiver. Failure to provide the EFL with a copy of the document will result in EFL Regulations having to be applied. Where a Club seeks to register an Out of Registration Player after the closure of the mid-season transfer window, Clubs can choose to include a Signing-on-Fee, pay one pro-rata for the period up to 30 June or wait until the following season. If a Player signs an updated contract, the parties are free to carry over any outstanding instalment from a previous contract if they so wish. Where this is agreed, provisions must be included to that effect in the new contract. If a Player’s registration is transferred by reason of his written request or there is a proven statement in the media by the Player or his Intermediary to the effect that he wants to join another Club, or he leaves a Club by reason of a breach by him of his contract, he shall forfeit any instalments of the signing on fee that fall due for payment after the date on which the registration is transferred, unless the Player Related Dispute Commission is satisfied that his request for a transfer was made on reasonable grounds. SUMMARY OF THE ABOVE: When we signed May from Cheltenham, if we agreed a signing on fee, that would have be payable over the two years of his Charlton contract. So we will paid him 50% of that fee so far (the first season bit). Since he hasn't openly asked for a transfer we will have to pay him the remaining 50% (second season bit) when we sell him. Assuming the £250k transfer fee is correct and assuming we agreed 10% of that as a signing on fee amount, we will have paid May £12.5k for his first year and we have to pay him the remaining £12.5k if he leaves this summer. Any signing fee from Huddersfield is down to Huddersfield to sort out. That's as I understand it, from reading the above which is the current official EFL rules on signing on fees. I assume this is what people are referring to when they talk about a 'payoff' from Charlton to May. Can you bullit point this for me?….🤣🤣🤣 |
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Post by watameires on Jun 15, 2024 14:42:54 GMT
CURRENT RULES (PER THE EFL HANDBOOK) ARE AS BELOW: Unless otherwise agreed by The League, no lump sum payment shall be paid or payable by a Club to a Player during the first year of his employment as a Contract Player with that Club save for: a Signing-on fee (which must be paid in accordance with Regulation 64.14); or a sum paid in respect of the Player’s relocation expenses not exceeding the amount from time to time permitted by HMRC to be paid for this purpose without income tax and national insurance liability. The introductory wording of Regulation 64.13, and the provisions relating to signing on fees in the following Regulation are intended to avoid situations where Players take large payments in Season one of a multi-year contract, and then seek to demand uplifts in subsequent years. The Regulations are as a direct result of requests from Clubs for these measures. Lump sum payments. No payment can be made prior to twelve months' service unless contract runs for less than twelve months, in which case payment can be made on the last day of contract. See also note to Regulation 65. Appearance payments. To meet the above requirements, lump sum payments in respect of appearances may only be paid after twelve months' service, but the EFL will also accept provisions which allow payments after 40 appearances, and the Board has also determined that Clubs may make payments after a lesser number of appearances providing it is continuous provision throughout the period of the contract. In respect to Lump sum Payments and Appearance payments only, service both as a Scholar and a Contract Player will count towards the 12 month threshold. Other Academy registrations will not count. Loyalty payments. The EFL will permit Clubs to agree ‘loyalty payments’ provided the contract makes it clear that to receive the payment the Player must still be in the service of the Club on the due date. Should the player for any reason leave the Club, at the Club's request prior to the date, a sum shall be paid pro-rata on the services given at the date of cessation of employment with the Club and subject to the prior permission of the EFL Board. Clubs should be aware that only signing on fees are classed as ‘once only’ payments for the purposes of Regulation 68.3 and any other types of bonuses including any loyalty bonus would need to be part included in any subsequent offer to an Under 24 Player before the Club will be able to retain compensation rights on expiry of the contract. One option for Clubs is to make a loyalty bonus subject to completion of a specified number of years' service, in which case the player is not entitled to a similar payment under the new contract until he has completed an equivalent length of service under that new contract. Relocation Expenses. Under current HMRC Guidelines (available here) subject to meeting the relevant criteria, a Player may receive up to a maximum £8,000 tax free. The contract should provide that payment will only be made on the production of valid receipts. Signing on fees may be paid only to Contract Players and must be paid in equal annual instalments over the period of the contract. If the Player's registration is transferred at any time during the currency of his contract at the request of the Club any balance of the signing on fee then unpaid shall become immediately due and payable to the Player, unless a Player Related Dispute Commission, having considered at the Club's request, the circumstances in which the request of the Club was made, consider that such payments shall not be made. If the Club or the Player is not satisfied with the decision of the Player Related Dispute Commission there shall be a right of appeal to the League Appeals Committee within fourteen days of receipt of the Player Related Dispute Commission's decision. The decision of the League Appeals Committee shall be final. Guidance Signing-on-Fees are the only payment in a Contract that can be referred to as once only or one-off for purposes of Regulation 68.3. When a Player transfers during the term of his contract, if the intention is to waive any rights to future instalments of the signing on fee this must be secured by the player signing a waiver. Failure to provide the EFL with a copy of the document will result in EFL Regulations having to be applied. Where a Club seeks to register an Out of Registration Player after the closure of the mid-season transfer window, Clubs can choose to include a Signing-on-Fee, pay one pro-rata for the period up to 30 June or wait until the following season. If a Player signs an updated contract, the parties are free to carry over any outstanding instalment from a previous contract if they so wish. Where this is agreed, provisions must be included to that effect in the new contract. If a Player’s registration is transferred by reason of his written request or there is a proven statement in the media by the Player or his Intermediary to the effect that he wants to join another Club, or he leaves a Club by reason of a breach by him of his contract, he shall forfeit any instalments of the signing on fee that fall due for payment after the date on which the registration is transferred, unless the Player Related Dispute Commission is satisfied that his request for a transfer was made on reasonable grounds. SUMMARY OF THE ABOVE: When we signed May from Cheltenham, if we agreed a signing on fee, that would have be payable over the two years of his Charlton contract. So we will paid him 50% of that fee so far (the first season bit). Since he hasn't openly asked for a transfer we will have to pay him the remaining 50% (second season bit) when we sell him. Assuming the £250k transfer fee is correct and assuming we agreed 10% of that as a signing on fee amount, we will have paid May £12.5k for his first year and we have to pay him the remaining £12.5k if he leaves this summer. Any signing fee from Huddersfield is down to Huddersfield to sort out. That's as I understand it, from reading the above which is the current official EFL rules on signing on fees. I assume this is what people are referring to when they talk about a 'payoff' from Charlton to May. Can you bullit point this for me?….🤣🤣🤣 How’d you mark an individual’s posts to auto delete? |
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Post by weststandfruitloop on Jun 15, 2024 14:50:09 GMT
I only skimmed that as I do have better things to do on a Saturday afternoon but, at first look, that explains, exactly, what I said, no? I thought you were inferring (as tonycafc was) that we would have to pay off a chunk of May's wages for the final year of his contract in order to sell him, which is not the case (since he won't be taking a wage cut to join Huddersfield). There's a good chance we have to pay him in the region of £12.5k (the second instalment of his signing fee, if we agreed one at a rate of 10% when he signed) which we wouldn't have to do if he himself had asked for a transfer. So yes, you're correct that we need to pay him something, but the original person who broached this topic (tonycafc) had been suggesting that May had us over a barrel and could somehow demand we pay off his contract/wages or something if Huddersfield signed him. This is clearly not the case - hence myself and aaronaldo pointing out how ridiculous that claim was. |
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Post by reamsofverse on Jun 15, 2024 15:00:55 GMT
Can we just leave this topic now guys as it's beyond boring.
He hasn't even left yet and we're banging on about who gets what!
Totally taken over the thread title so let's draw a line underneath it.
Don't think anyone's interested in the in's and out's of transfer fees.
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Post by aucklandaddick on Jun 15, 2024 15:06:23 GMT
Can you bullit point this for me?….🤣🤣🤣 How’d you mark an individual’s posts to auto delete? What and miss all the fun?……🤣🤣 |
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