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Chelsea skipper John Terry has reportedly been told by the club's hierarchy that he must take a fifty-percent pay-cut on his current wages, if he wants to extend his stay with the club.
According to The Mirror, the West London club are willing to offer a one-year deal to the former England international, but the defender must take a pay-cut from his current weekly wage structure £150,000-a-week to around £75,000.
The Blues have followed the policy of offering players over the age of 30 with one-year deals with reduced wages, and the same rule would apply to Terry.
The 33-year-old has made over 600 appearances for the Blues since his debut in 1998.
Written by Sri Aswin
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