Bayelsa are mired in debt to players, including one hundred and seventy percent of unpaid sign on fees spanning two seasons, a full season of unpaid match bonuses from both league and continental exertions, and unpaid salaries of nearly one full season.
Unable to secure their money, at least eight top players, keen on leaving the club, have collected their clearance papers and will now join other Premier League clubs on free transfers.
Goalkeeper Bassey Akpan and defender Chibuzor Okonkwo have concluded deals with Heartland.
Akpan, for instance, claims to be owed N9.6 million in total, while Okonkwo says he is owed nearly N8 million.
"It is the same thing with other players. And they said they are not prepared to pay, so we decided that the best thing was to come to an agreement and collect our clearance papers so that we can be free to join other clubs," Akpan told kickOffNigeria.com.
Other players who have negotiated their release are Ahmed Kadiri, Martin Ojobo, Bernard Okorowanta, Osas Okoro, Kola Awe and Michael Andrew.
More players are still negotiating with the club, who have been relegated from the Premier League to the National First Division.