Confirmed - Owen Takes Pay Cut!

Last updated : 12 July 2008 By Footy Mad - Editor

Owen's £110,000-a-week deal has 12 months left and there is growing concern at St James' Park that he will negotiate a move for nothing in January.

The 28-year-old's new offer will be in line with an across-the-board reduction in player salaries.

According to the Chronicle, that would be around £80,000-a-week.

But, Owen will be offered potential bonuses to bring his new package closer to his current deal.

Mike Ashley has been concerned about Owen's poor appearance record since he signed from Real Madrid three years ago, and the deal seems to be - he plays - he gets full money.