![]() Moreno was also able to extract a number of additional payments from Paddington, including three appearance bonuses of £100,000 each after Reevaldo makes 25, 50 and 75 league starts. 3 This is why Moreno had hoped to see the signing-on bonus instalment paid in May, as Reevaldo would be assured of collecting that year’s instalment even if he asked for, and was granted a transfer in the summer window. However, this does not apply when a player hands in a written transfer request and the club then sells the player. Generally, if a club sells a player, the club must pay the player any outstanding balance of the signing-on bonus. Over the next four years, if Reevaldo hands in a transfer request during the summer transfer window and Paddington grants that request, the club won’t have to pay his signing-on bonus instalment due that year or in forthcoming years. As it wasn’t a major issue, Moreno acquiesced, but the timeframe for which the bonus is paid is important. Moreno asked for the bonus to be distributed in May, before the transfer window opened, but Paddington insisted on September. The signing-on bonus will be paid over five years on 1 September. However, Paddington had to explain to Moreno that Premier League rules dictate that signing-on bonuses must be distributed in equal annual instalments over the length of the player’s contract. Moreno originally wanted the full signing bonus to be paid to Reevaldo immediately, or at the latest, in two instalments of £500,000 over a three-month period. Additionally, Reevaldo was already certain to be one of Paddington’s highest-paid players, despite being unproven at this level.Īfter coming to terms on wages – £40,000 per week – Moreno also negotiated a signing-on bonus for Reevaldo, worth £1 million. Moreno was looking for a guaranteed salary of £50,000 per week for Reevaldo, but this would have broken Paddington’s wage structure. Once the transfer fee was agreed, Moreno began negotiating with Paddington over personal terms on Reevaldo’s behalf. We will also show you the heads of terms in his contract. Now, we'll take a look at the negotiations between Paddington United and Reevaldo's agent over Reevaldo's playing contract. In our last post, we saw the transfer agreement between Paddington United and Maracanã. This is the third of four posts taking you inside the transfer and contract negotiations between Paddington United, Maracanã, and Reevaldo. Don't miss the footnotes -> 1 <- which contain links to useful documents as well as additional insights on industry practice. The sports law team at Mills & Reeve have been involved in countless international transfer negotiations and have sat on both sides of the table, we thought it might be useful to show how a typical deal gets done, from start to finish.
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