Dwight Gayle’s new Newcastle United deal is a “smart move” and will save the club money in the long term. 

That is according to finance guru and Football Insider columnist Kieran Maguire, speaking exclusively after The Athletic‘s David Ornstein revealed that the 30-year-old striker had signed a three-year contract extension on reduced terms.

Gayle is a notorious Championship goalscorer having netted 59 times and registered 16 assists in 100 appearances in the second tier.

Dwight Gayle protests for Newcastle United

At Premier League level, however, he has not been so prolific and critics of the new deal see it as a sign of the club being resigned to relegation this season.

But Maguire hailed the agreement, claiming that it will ultimately save the club money.

He told Football Insider correspondent Adam Williams: “I think it’s a smart move. They are shopping in the right market.

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“He’ll be seen as a squad player if they stay up. If they go down, he’s got the experience to score goals in that division.

“You can see it from Newcastle’s point of view if they are looking at in terms of the money they might save on signing another striker.

“These Championship goalscorers, the kind where you think ‘wow, he looks good at this level,’ they go for lot of money.”

Newcastle United

Newcastle are just three points outside the relegation zone with eight matches remaining, leaving manager Steve Bruce under intense pressure.

Football Insider revealed on Friday that Roberto Martinez is the leading candidate to replace Bruce in the dugout. 

In other news, Bruce set for huge Newcastle United payoff if he is sacked after top-flight survival confirmed.