Premier League stars fear big pay cuts as Arsenal and Chelsea close in on wage bill reductions

mirror.co.uk:

Players fear more clubs will try to impose big cuts with Arsenal and Chelsea both heading towards agreement. The Professional Footballers' Association urged players not to sign reductions as they reached agreement with the Premier League to only ask for deferrals up to 30 per cent.

But Arsenal became the first club to move for a pay cut, asking the players to reduce their salaries by 12.5 per cent for a year with the money getting refunded if they reached the Champions League.

Arsenal have also offered big bonuses - including £100,000 each for getting into the Champions League in the next two years plus £500,000 for winning it - but hope to save £25m from player contracts.