Declan Rice: Arsenal make third bid of £105m for West Ham midfielder (2024)

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Declan Rice: Arsenal make third bid of £105m for West Ham midfielder? ›

Arsenal have made a third bid for West Ham's Declan Rice worth £105m. The deal breaks down as a £100m initial fee, plus £5m in performance-related add-ons.

Declan Rice has joined Arsenal from West Ham in a record £105m deal. The transfer is made up of a £100m initial fee plus £5m in performance-related add-ons. It is the highest amount an English club has paid for an English player.

A giant pay rise

Rice turned down a new contract reportedly worth around £100,000 per week to stay at West Ham and is now set to earn £250,000 per week at Arsenal. That will see him vastly increase his annual salary from around £3m to £13m, and that is before endorsem*nts and other earnings.

The fact is that the 24‑year‑old had to leave for the sake of his career. Rice joined West Ham when he was 14 and still loves the club but it was time to move on. Nobody can begrudge his desire to compete for major honours and play in the Champions League every season. It was never going to happen at West Ham.

West Ham reject Arsenal's £90m Declan Rice bid and hold out for at least £100m | Transfer window | The Guardian.

It has taken longer than most fans would have liked, but midfielder Declan Rice has finally completed his transfer to Arsenal with confirmation that the £100 million ($130m) deal, which could increase by up to £5m in add-ons, has now officially been done.

Presently, Rice earns an estimated £250,000 a week at Arsenal and that figure would make him one of the highest paid players in the Premier League. Going off his current salary, that equates to £12.4m a year, while it has been estimated elsewhere that his net worth is a staggering £26 million.

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Laurie Shaw, the head of data analytics at Manchester City, created a formula to calculate the correct market salary for English Premier League players. Applying the formula to Rice, it seems that Arsenal are overpaying by a fair margin – almost £75 million.

Does Declan Rice like West Ham? ›

"There is interest from other clubs but ultimately I still have two years left at West Ham. "I love this club and I love playing for this club." Rice added: "My focus is playing for West Ham at the moment. I'm captain of this club and I can't speak highly enough of this place.

On 22 December 2018, he made his 50th appearance for West Ham, becoming the first player to do so while still a teenager since Michael Carrick. On 28 December 2018, Rice signed a new contract until 2024 with the option of an additional year.

Which begs the question: would Hammers fans swap the three major summer signings funded by the Rice sale – namely Edson Alvarez, Mohammed Kudus and James Ward-Prowse – to bring the England international back to the club?

Arsenal have had their second bid for Declan Rice worth £90m rejected by West Ham. The fee, which would have been a club record for Arsenal, was understood to be £75m guaranteed plus £15m in add-ons, surpassing the £72m paid to Lille for Nicolas Pepe in 2019.

Declan Rice: Manchester City's £90m bid for midfielder rejected by West Ham | Transfer Centre News | Sky Sports.

At the time, the agreement was dubbed “the deal of the century”, with the Hammers keeping ticket revenue in exchange for an annual rental fee, while the publicly-owner E20 front major costs such as heating, cleaning and maintenance, as well as the cost of transforming the ground to host athletics events.

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