England's FA Chief Executive, Martin Glenn, has revealed that the newly-appointed England boss will be paid on a performance basis.
The search for the new England manager is well underway following Roy Hodgson's embarrassing exit on Monday. Hodgson resigned after England's devastating 2-1 defeat to Iceland, a result that saw England crash out of Euro 2016 at the Round of 16.
Glenn confirmed that the new England manager will receive a pay-rise, but only if the team performs well at major tournaments.
The comments come after Roy Hodgson came under heavy criticism for being the highest paid manager at Euro 2016, despite his awful effort at guiding England to success.
As quoted in the Daily Mirror, the FA Chief Executive said:
“My view on these things is that you have to take the emotion out of it. What is benchmark for a top-quality football manager?
“I think you have to look at it in that way – and they are currently earning around £4million a year at a club. So, you have to be in that zone and, luckily, I think we’ve got the finances right now.
“It’s been ugly, but we’ve re-structured, we’ve reorganised and we’ve ploughed a lot more money into sporting elite teams and into pitches.
“We’re in a better financial position than we’ve ever been, but that doesn’t mean I want to be lax with the money.
“The argument against Sven and Fabio in the past was that it wasn’t incentivised. So we were naive. I think we will pay a benchmark salary for the right person.”
Germany, who knocked Italy out on their way to the Euro 2016 semi-finals on Saturday night, pay Joachim Low £2.15m a year, far less than Roy Hodgson's £3.5m pay cheque.
However, Low is paid more in accordance to Germany's performance at major tournaments, a strategy Glenn is hoping England can also employ.
“I know a little bit about what Joachim Low gets and we need to be in the zone of what the world champions are paying to make it attractive to someone. In Germany’s case, there’s a percentage of sponsorship that goes directly to them, so the total package is a little bit different.
“Let me be clear, we are going into the market and we have got to pay a market rate, but no one wants to be naïve.
“We are committed to recruiting the best man for the job.”
An announcement on the future England manager is expected in the coming weeks.