Chiefs to free up R20 million for new additions

Premiership

Kaizer Chiefs could potentially make available up to R20 million during the next transfer window which will then be utilised for new player recruitment.

Chiefs will embark on the annual shake-up of their first-team squad at the end of next month following a seventh consecutive season without winning silverware.

As is the norm there will be departures with at least two players Leonardo Castro and Lazarous Kambole already known to be leaving upon the expiry of their contracts at the end of June.

The pair’s exit will free up about R10 million for the club.

Castro is on a package of between R7-8 million while Kambole is on between R2-3 million.

Packages include salaries, signing-on fees, bonuses, accommodation, and flights among other extras included in the contract and are normally determined by the input a player makes through the season with strikers having to score a certain of goals to get extra bonuses and all their signing-on fees.

There is also a percentage appearance figure which activates the payment of signing-on fees depending on the contracts agreed between club and player.

A salary is always guaranteed.

If Nurkovic also doesn’t stay, then it will free up a minimum of another R6 million giving the club further financial muscle to stretch their hands.

There is also no guarantee that veteran attacker Bernard Parker will stay just like Kearyn Baccus, Daniel Akpeyi and Daniel Cardoso.

Parker is a top earner at the club on a package of over R5 million per year with his contract running up at the end of June.

Baccus is also out of contract in June while Akpeyi and Cardoso are pending.

Lebogang Manyama is out of contract but has an option of another season on his deal just like Ramahlwe Mphahlele.

Chiefs have already indicated their desire to pay a transfer fee in the next window in recruiting a top striker who will give them at least 12 goals in the new season.

They have already been flooded with CVs of potential signings and are expected to make decisions in the next couple of weeks. 

Though Chiefs have not been paying big transfer fees in recent times, they pay some of the best salaries in the league with packages that are usually only matched by Mamelodi Sundowns. 

Downs cautioned against Petro threat

What Downs now need to seal title

Hlanti making progress following injury nightmare

comments