Everton might pay Bournemouth £5million in bonuses as part of the “heavily incentivised” deal for Josh King — but he could reimburse that in Premier League prize money.
That is according to finance guru and new Football Insider columnist Kieran Maguire, speaking exclusively after the Norway international made his Everton debut in Wednesday’s 2-1 loss to Leeds.
On deadline day, this site broke the news that Everton had agreed a fee for Josh King of around £5m, with the 29-year-old joining on a six-month deal.
It was later revealed, by the Lancashire Telegraph among others, that this figure would be paid out largely in performance-related bonuses.
But Maguire thinks that the money Everton will have to dish out in bonuses could be repaid in prize money alone should King have a positive effect on their end-of-season position.
He told Football Insider correspondent Adam Williams: “If it doesn’t work out, you don’t pay the whole £5m bonuses, that’s my view.
“It will be heavily incentivised. If you take a look at the back pages of club’s financial statements, there is always a bit called contingent liabilities which sets out quite often just how much clubs have to pay out if certain goals are achieved.
“It makes a lot of sense on an individual and a club basis to have these incentives.
“First of all, he’s got to be picked. Secondly, there’s the impact he might have on final position.
“Every position you go up in the league this year is worth about £1.8m. So if you go from 9th to 6th, the club gets an extra £5.4m plus a potential Europa League place, which can be lucrative.”
King had been a Bournemouth player since 2015 when he signed upon the expiry of his contract with Blackburn Rovers.
He scored 53 goals during his time on the southwest coast, 48 of those in the Premier League.