TMW: A breakdown of Milan’s wage bill and where the total ranks in Serie A

As expected, AC Milan have one of the highest wage budgets in Serie A, and a report has emerged about the breakdown of the wage budget and how it may change in the future. 

Recently, it was reported that Milan had the fourth-highest budget in the league, spending €86.4million per year, sitting behind AS Roma, Inter and Juventus.

Although only three places separate the Rossoneri and the Old Lady, there is a staggering €40m difference between them. If you were to take the difference between the fourth and first highest, looking down the table, you would get to 10th place, where Sassuolo ranks.

TMW have reported that the Diavolo’s wage expenditure is around €59.65m net per year, and the report shows how that figure may be affected in the next few years by expiring deals.

Leao €5m (2028)
Chukwueze €4m (2028)
Hernandez €4m (2026)
Loftus-Cheek €4m (2027)
Pulisic €4m (2027)
Bennacer €3.8m (2027)
Giroud €3.5m (2024)
Tomori €3.5m (2027)
Florenzi €3m (2025)
Maignan €2.8m (2026)
Jovic €2.5m (2024)
Caldara €2.2m (2024)
Calabria €2m (2025)
Kalulu €2m (2027)
Okafor €2m (2028)
Musah €2m (2028)
Reijnders €1.7m (2028)
Kjaer €1.5m (2024)
Pobega €1m (2027)
Sportiello €1m (2027)
Adli €0.8m (2026)
Gabbia €0.8m (2026)
F. Terracciano €0.8m (2028)
Thiaw €0.8m (2027)
Mirante €0.7m (2024)
Nava €0.25m (2027)

The most expensive player on the roster is Rafael Leao, who earns a net annual salary of €5m – this figure can rise to €7.5m through different clauses being activated. Behind him are Samuel Chukwueze, Christian Pulisic, Ruben Loftus-Cheek, and Theo Hernandez, who all earn €4m net.

The top five could shift massively in the next few months because Milan want to offer Theo Hernandez and Mike Maignan new contracts. Both are pivotal players for the club and are receiving interest from clubs abroad, so tying them to new deals would be ideal.

Furthermore, with the contracts of Olivier Giroud, Luka Jovic, Mattia Caldara, Simon Kjaer and Antonio Mirante not yet extended, there could be significantly more wage budget available for any summer investments.