The Times obtained the financial details of Louis Van Gaal’s contract at Manchester United, which has another year left to run after the end of this season.
The newspaper revealed that the Dutchman would lose out on more than £1 million if Manchester United fail to qualify for the Champions League. However, he would earn £5 million if he’s sacked before his contract runs out.
The contract states that Van Gaal is currently paid £8 million-a-year. That figure is, however, made up of a number of performance-based, loyalty and image rights clauses, but only £3.3 million is guaranteed basic pay.
Should United sack the Dutchman this summer, the Red Devils will have to continue paying his salary, including the image and loyalty bonuses, unless he takes up another job before the expiration of his contract next summer.
United are currently ranked fifth in the Premier League standings, four points behind Manchester City but with one game in hand. They are set to face Norwich this weekend, West Ham on Tuesday, and Bournemouth on the final matchday of the season.
The Red Devils are also in the FA Cup final against Crystal Palace on May 21, with Van Gaal in line for a £400,000 bonus should United win it.