Take a look at the most recent update regarding the KAIZER CHIEFS.
Chiefs drop salary bill for new season.
Due to the fact that the club is trying to keep its finances in check at the moment, Kaizer Chiefs have significantly reduced their wage bill through the ongoing transfer window.
In recent years, the Chiefs have been giving out inflated contracts like confetti at a wedding to certain players who have delivered little, which pushed the club into reacting with a mass clearout.
There were a dozen players who left AmaKhosi during the break, including Leonardo Castro, Samir Nurkovic, Lazarous Kambole, Bernard Parker, Kearyn Baccus, Daniel Cardoso, Lebogang Manyama, Daniel Akpeyi, Ramahlwe Mphahlele, Dumisani Zuma, Siphosakhe Ntiya-Ntya, and Teddy Akumu. The break was a busy one for the
The total annual package cost for all of the players who were let go was more than R30 million per year, and the vast majority of those players had been making six-figure salaries prior to their release.
These packages caused the Chiefs' finances to be stretched to the limit, and they did not make economic sense for a club that has been producing nothing but blanks with questionable performances from senior players and has not won a trophy since 2015.
There was little justification for why Mphahlele, Baccus, Zuma, Kambole, Akumu, and Ntiya-Ntiya should be kept at the club. The weight of what Castro, Nurkovic, Parker, Cardoso, Akpeyi, and Manyama gave the club in return for what they were earning left a lot to be desired, while there was little justification for what they were earning.
As a direct result of the departures, the club has decided to reduce the amount of money they will be paying in the future.
Midfielder Yusuf Maart, who came from Sekhukhune United on a six-figure salary, is at the top of the list of those who have come, and Siyethemba Sithebe comes in second on the new signings' packages weighting. Both players have received generous compensation packages.
Kamohelo Mahlatsi, Lehlogonolo Matlou, Dillan Solomons, Zitha Kwinika, and Ashley du Preez are the other new players, and Mduduzi Shabalala has been elevated from the development squad to the main roster.
The total value of all player packages still comes to less than R20 million per year. this includes all new players.
Because of this, the order of business that the Chiefs have completed so far has significantly reduced their package bill in comparison to where they were sitting at the end of the previous season.
Even though they are still looking for a number nine, the Chiefs are being cautious with the amount of money they pay their players and are hesitant to cater to the demands of the agents who represent them.
Keagan Dolly, Khama Billiat, and Itumeleng Khune are the only players still at the club who make a significant amount of money, and Mulomowandau Mathoho also makes a respectable salary.
They, along with the rest of the squad, are on packages that are satisfactory by PSL standards.
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