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(27-05-2023, 08:19 AM)Jacksbadhobbits Wrote: (27-05-2023, 06:51 AM)Username Wrote: So I was right then?
The point being that he played a pivotal part in helping Newcastle transition from being a bottom third team into a top half team.
It doesn’t happen overnight.
If you hadn’t noticed we stayed up so his resale value and the release clause are irrelevant for another season.
If you can’t see what he’s capable of then that’s more likely a you problem quite frankly. It’s evident that we weren’t playing to his strengths, he needs the ball into feet in and around the box, forget his height.
Wood played no small part in us staying up, his goal against Man City and his assist against Festa, should not be undervalued.
Is that it for £19 million and £100,000 per week for the next three years. Might we have been able to find a similar small contribution for something a little bit cheaper. Potentially it’s signings like that which take clubs to financial ruin. If we had got relegated how do you justify his output for the cost. It will even have an impact this summer with how much we can spend. Surely on the basis of paying £100,000 per week he is going to take up one of the 25 squad places and if Taiwo gets injured is Wood going to be an adequate replacement. We will need much better but the outlay we are committed to for Wood is going to restrict the striker pool we will be fishing in. Dreadful signing.
Maybe the 2.5m that we may get extra tomorrow if we move up the league may contribute towards those costs. You know, the same 2.5m you were quite happy to dismiss on another thread!!
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(27-05-2023, 09:58 AM)Reds73 Wrote: (27-05-2023, 08:19 AM)Jacksbadhobbits Wrote: (27-05-2023, 06:51 AM)Username Wrote: So I was right then?
The point being that he played a pivotal part in helping Newcastle transition from being a bottom third team into a top half team.
It doesn’t happen overnight.
If you hadn’t noticed we stayed up so his resale value and the release clause are irrelevant for another season.
If you can’t see what he’s capable of then that’s more likely a you problem quite frankly. It’s evident that we weren’t playing to his strengths, he needs the ball into feet in and around the box, forget his height.
Wood played no small part in us staying up, his goal against Man City and his assist against Festa, should not be undervalued.
Is that it for £19 million and £100,000 per week for the next three years. Might we have been able to find a similar small contribution for something a little bit cheaper. Potentially it’s signings like that which take clubs to financial ruin. If we had got relegated how do you justify his output for the cost. It will even have an impact this summer with how much we can spend. Surely on the basis of paying £100,000 per week he is going to take up one of the 25 squad places and if Taiwo gets injured is Wood going to be an adequate replacement. We will need much better but the outlay we are committed to for Wood is going to restrict the striker pool we will be fishing in. Dreadful signing.
Where are you getting the next 3 yrs from ?
Chris Wood signed a permanent contract that runs until Summer 2024.
That was from the OS when he triggered the permanent
The 100,000 per week is not accurate either.
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28-05-2023, 08:53 AM
(This post was last modified: 28-05-2023, 08:55 AM by DR Forest.)
Wood’s contract is a double edged sword.
We aren’t ‘lumbered’ with him for ages like Arter but then if we were to recoup any money for him we would likely have to sell this summer due to his age and having less than a year left.
He may come good but £15m for less than a 2 year contract does seem a trifle short term planning in this instance.
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I haven't given up on Wood personally. And if we start poorly he might outstay Cooper and a new manager might make him our main man.
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(28-05-2023, 08:53 AM)DR Forest Wrote: Wood’s contract is a double edged sword.
We aren’t ‘lumbered’ with him for ages like Arter but then if we were to recoup any money for him we would likely have to sell this summer due to his age and having less than a year left.
He may come good but £15m for less than a 2 year contract does seem a trifle short term planning in this instance.
Wait what?! We paid a £4m loan fee in January, and it will convert to a permanent for another £15m this summer, on only a 12 month contract? £19m in transfer fees, more than Awoniyi, or about what we paid for Danilo.
Apart from the actual cost that’s gonna hurt on amortisation for FFP. Surely we have to offload in the summer to a Luton or someone and try to get 8 figures back?
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(28-05-2023, 08:53 AM)DR Forest Wrote: Wood’s contract is a double edged sword.
We aren’t ‘lumbered’ with him for ages like Arter but then if we were to recoup any money for him we would likely have to sell this summer due to his age and having less than a year left.
He may come good but £15m for less than a 2 year contract does seem a trifle short term planning in this instance.
But to be fair most of our transfer strategy over the last twelve months had to be short term with one aim in mind.
I appreciate that’s not sound business sense but we couldn’t really approach it any other way, particularly bearing in mind the time between us gaining promotion and our first premier league fixtures.
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(28-05-2023, 08:53 AM)DR Forest Wrote: Wood’s contract is a double edged sword.
We aren’t ‘lumbered’ with him for ages like Arter but then if we were to recoup any money for him we would likely have to sell this summer due to his age and having less than a year left.
He may come good but £15m for less than a 2 year contract does seem a trifle short term planning in this instance.
There would also be a cost in replacing in him (and please don’t anyone mention Surridge).
We’ll need a third choice who is actually capable.
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(28-05-2023, 11:12 AM)Username Wrote: (28-05-2023, 08:53 AM)DR Forest Wrote: Wood’s contract is a double edged sword.
We aren’t ‘lumbered’ with him for ages like Arter but then if we were to recoup any money for him we would likely have to sell this summer due to his age and having less than a year left.
He may come good but £15m for less than a 2 year contract does seem a trifle short term planning in this instance.
There would also be a cost in replacing in him (and please don’t anyone mention Surridge).
We’ll need a third choice who is actually capable.
Well that’s kind of my point assuming the constraint is FFP more than the owner willing to put funds in.
Ok, there was a hint of ‘urgency’ in the Wood signing at the time to stay up. Now looking to next season that’s a 15mio cost in the accounts + wages.
We could spend say £30mio on an emerging talent with hopefully upside and resale value on a 4 year contract and only cost 7.5mio a year + wages in the accounts. If he was a flop and we sold him for half that a year later it would be the same cost to the club, FFP aside. I think that puts into perspective how much Wood is costing us next season, and to have him as a back-up player at that cost doesn’t make sense to me. He would need to be delivering a significant contribution on the pitch.
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Wood: we just took on his contract and payment schedule to Burnley from Newcastle. Not a great deal as Newcastle overpaid but I have a feeling this was history repeating itself in that we needed to stop others (Everton) strengthening in January - I’m sure Dyche and Everton were in for some sort of deal for him…we top trumped them.
He will prove useful next year I’m sure - and worst case we will recoup some on a desperate team come January.
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(28-05-2023, 11:38 AM)stirred Wrote: (28-05-2023, 11:12 AM)Username Wrote: (28-05-2023, 08:53 AM)DR Forest Wrote: Wood’s contract is a double edged sword.
We aren’t ‘lumbered’ with him for ages like Arter but then if we were to recoup any money for him we would likely have to sell this summer due to his age and having less than a year left.
He may come good but £15m for less than a 2 year contract does seem a trifle short term planning in this instance.
There would also be a cost in replacing in him (and please don’t anyone mention Surridge).
We’ll need a third choice who is actually capable.
Well that’s kind of my point assuming the constraint is FFP more than the owner willing to put funds in.
Ok, there was a hint of ‘urgency’ in the Wood signing at the time to stay up. Now looking to next season that’s a 15mio cost in the accounts + wages.
We could spend say £30mio on an emerging talent with hopefully upside and resale value on a 4 year contract and only cost 7.5mio a year + wages in the accounts. If he was a flop and we sold him for half that a year later it would be the same cost to the club, FFP aside. I think that puts into perspective how much Wood is costing us next season, and to have him as a back-up player at that cost doesn’t make sense to me. He would need to be delivering a significant contribution on the pitch.
You are spot on, hadn't considered the FFP element. So 15m amortisation next year, presuming we don't extend him. Only really worth selling if we got anywhere near what we paid. Plus then as User says we'd need more to invest in a replacement.
Strikers are just so expensive. I think we do the same as Newcastle, keep and use him to help us transition unless we get a big offer.
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(28-05-2023, 12:01 PM)ozzyten10 Wrote: Wood: we just took on his contract and payment schedule to Burnley from Newcastle. Not a great deal as Newcastle overpaid but I have a feeling this was history repeating itself in that we needed to stop others (Everton) strengthening in January - I’m sure Dyche and Everton were in for some sort of deal for him…we top trumped them.
He will prove useful next year I’m sure - and worst case we will recoup some on a desperate team come January.
At last a sensible opinion.
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