Hmm, that makes a bit of difference - new 5 year deal would only drop amortisation from £10.5m to £6.3m/yr then, still enough headroom for £50k/week wage improvement though
Yeah this is correct, we'd extend the remaining amortisation over the new contract length or up to 5 years for PSR purposes. He's currently into the 3rd year of 5 so we've effectively amortised £37.8m of the £63m paid. Giving him a new 5 year contract would reduce the amortisation from £12.6m/yr to only £5.04m/yr