Kevin Phillips claims Tottenham have to be careful as they could end up spending £30million to get Julian Nagelsmann as their new manager.
The former Sunderland striker, speaking exclusively to Football Insider, was reacting to how much money Spurs may have to shell out to get Nagelsmann.
German outlet Sport1 claim interested clubs will have to fork out between £13million and £17million in compensation to prize Nagelsmann away from Leipzig.
This comes after Football Insider revealed Tottenham have made contact with number one choice Nagelsmann over the vacant hot seat in north London.
Nagelsmann, 33, has a contract at RB Leipzig that runs until 2023 and has also been linked to the Bayern Munich job.
Phillips insists the reported compensation package is a huge amount of money for a manager who may only be at the club for a few years and it is something that may halt any interest from Spurs.
“It’s certainly not something you’ll accept and pay,” Phillips told Football Insider correspondent Dylan Childs.
“That’s a lot of money to prize a manager away when you think about the lifespan of a manager these days.
“It’s what, two or three years? So that’s something that will be taken into consideration.
“Looking at the payoff for Mourinho, Spurs could be looking at shelling out £30million before getting a manager in the dugout.
“That’s a big thing to think about, especially with the money Spurs have spent on their stadium.”
Nagelsmann led RB Leipzig to the semi-finals of the Champions League last season where they were beaten by Thomas Tuchel’s Paris St Germain.
If Nagelsmann makes the move to north London he will have the chance to face off against Tuchel again after he replaced Frank Lampard at Chelsea earlier this season.