CF: Milan’s wage bill broken down – highest earners and change from 2022-23

By Oliver Fisher -

Now that the summer transfer window is finally behind us, reflections can begin on what it means for AC Milan’s balance sheet.

Calcio e Finanza report that Milan saw its wage bill remain substantially stable compared to last season despite signing 10 players. This underlines how, despite several incoming operations, RedBird is still attentive to the economic sustainability of the squad.

For the 2023-24 season, Milan’s salaries total almost €90m gross while last year it was just over €90m gross. The figure for last season also takes into account the players who arrived during the January window and those who were sold during the current season.

For the calculation of the gross salary, the tax relief provided by the Growth Decree for all those players who can benefit from it (i.e. those players who had tax residence outside Italy at least in the two years preceding their arrival in Serie A and who maintain tax residence in our country for at least two years from their arrival) must be considered.

For new players who arrived after 2 July, the relief is applied only for 2024 (and therefore for half the season). Below is the ranking:

➤ Rafael Leao – 5 million net (6.55 gross)
➤ Theo Hernandez – 4 million net (5.24 gross)
➤ Ismael Bennacer – 4 million net (7.4 gross)
➤ Ruben Loftus-Cheek – 4 million net (5.24 gross)
➤ Christian Pulisic – 4 million net (6.32 gross)
➤ Samuel Chukwueze – 4 million net (6.32 gross)
➤ Fikayo Tomori – 3.5 million net (4.59 gross)
➤ Olivier Giroud – 3.5 million net (4.59 gross)
➤ Alessandro Florenzi – 3 million net (5.55 gross)
➤ Mike Maignan – 2.8 million net (3.67 gross)
➤ Luka Jovic – 2.5 million net (3.28 gross)
➤ Mattia Caldara – 2.2 million net (4.07 gross)
➤ Davide Calabria – 2 million net (3.7 gross)
➤ Pierre Kalulu – 2 million net (2.62 gross)
➤ Yunus Musah – 2 million net (3.16 gross)
➤ Noah Okafor – 2 million net (3.16 gross)
➤ Tijjani Rejinders – 1.7 million net (2.69 gross)
➤ Simon Kjaer – 1.5 million net (1.97 gross)
➤ Rade Krunic – 1.1 million net (2.04 gross)
➤ Tommaso Pobega – 1 million net (1.85 gross)
➤ Malick Thiaw – 800 thousand euros net (1.05 gross)
➤ Yacine Adli – 800 thousand euros net (1.05 gross)
➤ Luka Romero – 800 thousand euros net (1.05 gross)
➤ Antonio Mirante – 700 thousand euros net (1.3 gross)
➤ Marco Sportiello – 500 thousand euros net (925 thousand gross)
➤ Marco Pellegrino – 300 thousand euros net (555 thousand gross)

Total: €59.7m net (€89.9m gross).

The highest paid player is Rafael Leao after his renewal, as was to be expected. Ruben Loftus-Cheek, Christian Pulisic, Samuel Chukwueze receive €4m net each.

Together with them, Ismael Bennacer and Theo Hernandez earn the same, with the latter two having seen an increase in their salary after the respective renewals.

In third position, so as to complete the podium of the highest paid, here are the leaders of defence and attack Fikayo Tomori and Olivier Giroud, symbols of the Scudetto win.

How has the wage bill remained the same? Simply put, it is because of the exits. Sergino Dest (€3.5m), Tiemoué Bakayoko (€2.5m), Aster Vranckx (€1.5m) and Brahim Diaz (€500k) have all left. The contracts of Zlatan Ibrahimovic (€1.5m) and Ciprian Tatarusanu (€1.2m) expired.

Sandro Tonali (€1.2m net), Ante Rebic (€3.5m), Charles De Ketelaere (€2.2m), Junior Messias (€1m), Alexis Saelemaekers (€1m), Matteo Gabbia (€800k) and Marko Lazetic (€250k) all left too.

Apart from Tonali and Rebic, the other transfers were loans, with Gabbia and Lazetic certain to return to Milanello ahead of the 2024-25 season.

Tags AC Milan


  1. Florenzi, being the 3rd highest paid player in the defensive department , including Maignan, is a crime. Costs the team 5.5 mil a season before the hospital bills. What a horrendous signing. Roma was desperate to get rid of him for a reason.
    Prior to Bennacer’s renewal in Jan-Feb of this year, Bakayoko was the highest paid midfielder on the team these last 2 seasons. Even when Kessie was there in 21-22 Bakayoko was the highest paid midfielder on the team. Waste of money and a horrendous signing. Gave the team nothing in 2 years.
    Origi was the highest paid forward on the team last season. Made more money than Giroud, Leao, rebic, brahim, Messias, Saelemakers, even though all of them produced way more than him. Horrendous signing and waste of money.
    With the window being closed, time for Furlani to show some players that they value them and give them an extension and a salary bump.
    Theo and Maignan should get the same 5 mil Leao gets.
    Also, Krunic and Thiaw should get their salaries doubled.

    1. I’m sure they will renew Thiaw soon and at least double up his salary plus tie him up for another 5 years concidering how vital he have become to the team. Krunic is about to get a new deal for 2.2 mil or something I think after the Fenerbache affair.

    2. Wtf are you complaining about?

      Does your life have no meaning till you find something to complain about?

      Thank god you don’t manage our finances you’d do the same crap as Juve are doing.

      1. Oh that’s precious coming form you.
        Since you missed the point let me make it more clear for you.
        I wasn’t complaining,
        I was actually criticizing the work of the previous management for signing and making useless players some of the highest paid players on the team.
        You know, the same management you have been obsessed with talking against for the last 3 months of your life.
        But it went over your head.
        Sit this one out.

        1. You should sit the whole season out because its not playing out the way a lot of you said it would at all, freaking complaining all June and then in July it changed to ‘omg too many players’ and then in August it turned to “omg we should’ve signed more players’ and now its turning into ‘omg we need to pay more because I said so’

          Endless cycle, if Milan win the league again I can bet you will complain that we didnt get enough points or some sh*t

        1. “Now Maignan salary is his problem.”
          Asking for Maignan to get a well deserved salary increase is a problem?
          But I already know your problem. You are still buthurt because I don’t worship Leao like you do, that’s why you always reply under my comments

  2. Forgot to add that Origi with his 4 mil net also left (on loan but off the wage bill this season).

    All in all great work by the new management. The team this season is the strongest we have had since 2011/2012 and we are on the same gross wages as last season.

    To compare Roma is at 93 mil, Inter at 108 and Juventus at a crazy 151 mil.

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