Focusing on today's hotspots in the sports world, news on February 13th revealed that the dust has finally settled on the much-anticipated further salary restriction measures. According to Football Daily, the Chinese soccer world is about to release the toughest salary restriction in history. It is reported that in this round of salary cuts, the maximum annual salary of domestic players is reduced to RMB 3 million before tax, while the annual salary of foreign aid is capped at EUR 2 million before tax, and the total annual investment of Chinese Super League clubs is capped at RMB 300 million.
Dating back to 2019, the Football Association (FA) issued its first salary limitation order, marking the start of the salary limitation policy. At the end of that year, the FA stipulated that the player contract signed since November 20, 2019 is a new contract, and the top pre-tax salary of domestic players shall not exceed 10 million yuan, and the national team players can be floated by 20%; the new contract signed by foreign players since January 1, 2020 is capped at an annual salary of 3 million euros after tax.
This policy was referred to as version 1.0, and then at the end of 2020, the FA released version 2.0 of the Salary Limit Order, in which the pre-tax top salary of domestic players in the first team of the Chinese Super League (CSL) was reduced to RMB 5 million, the cap on the annual salary of foreign aiders was changed from €3 million after tax to €3 million before tax, and the cap on the total income of a single season was set at €10 million before tax.Although version 2.0 of the Salary Limit Order allowed players to sign third-party contracts with clubs on economic value the player is allowed to sign a third-party economic value contract with the club, but it is subject to the approval of the FA or an authorized body.
The upcoming salary restriction, tentatively referred to as version 3.0, will see the annual salaries of local players reduced to 3 million yuan before tax and foreign aiders further reduced to 2 million euros before tax, according to Football Daily. However, there is no clear news about the survival of third-party economic value contracts.
Analysis of the soccer industry pointed out that the poor performance of the national football team in the top 12 matches can not be solved by a simple salary cut. The poor performance of the national team has had an impact on the image of Chinese soccer as a whole, and the future management of soccer is tasked with the mission of reshaping the image of soccer and the image of the league. (DD)
