A lot of established football superstars are expected to leave the Chinese Super League after the introduction of a salary cap on foreign players.
The league is known to have attracted some of the biggest names in world football with the likes of Hulk and Oscar having stayed there for some time but the latest move might see most of them leave for other leagues.
According to the South China Morning Post, foreign player salaries are to be capped at €3 million (£2.7m) per year, and domestic players at 5 million yuan (£572,000) per year before tax.
“The policy aims to curb the investment bubbles in our leagues and promote the healthy and sustainable development of professional football,” the Chinese Football Association (CFA) said.
The move, according to Daily Mail, will see former Chelsea player Oscar who plies his trade with Shanghai SIPG take an 86 per cent pay cut, given that his current salary is a whopping £18.87m per year.
CSL clubs can spend no more than 600 million yuan (US$91.74 million) per year in total, with a €10 million (US$12.1 million) limit on foreign player salaries. For domestic players, clubs are expected to average an annual salary of no more than 3 million yuan (US$458,700) per player.
Another player that is affected is former Southampton striker Graziano Pelle who plies his trade with Shandong Luneng whose salary is £13.7m at present (£263,000 a week), meaning an £11m (or 80.2 per cent) cut.
DR Congo’s and Beijing Guoan Cedric Bakambu (£341,000 a week) would need to drop £15m or 84.7 per cent off of his reported £17.7m per year earnings too.