AC Milan are set to significantly trim their wage bill in the closed season by saying goodbye to five players, according to a report.
The process of clearing the decks of bad contracts began in January and will continue into the summer. Friday’s edition of il Corriere dello Sport (via MilanLive) highlights that the total cost of the wage bill is €110million gross for the 2019-20 season. The costs of the two coaches (Marco Giampaolo and Stefano Pioli) and their respective staff are also included.
The newspaper believes that Milan will get rid of the players with the highest salary. As a result, Zlatan Ibrahimovic’s contract will not be renewed, and the Swede will earn around €3million net for his six month contract, and to extend it would be €6m for the full 2020-21 season.
There will be no renewal even for Lucas Biglia who has a net salary of €3.5million, while Giacomo Bonaventura will also not receive an extension as he is not part of the club’s plans any more, which is a further €2m saving.
Gianluigi Donnarumma looks set to leave as he earns €6million net per year on a deal until 2021, and his agent Mino Raiola does not believe in the Milan project and would only negotiate for a higher salary than the current one, which the club does not intend to offer.
Further savings on wages will arrive when Jesus Suso (€3m net per year) completes a permanent move to Sevilla, where he is on loan until 2021. In case of qualification for the Champions League this season, his move to Andalusia will become obligatory at €21m.