CF: How much Gabbia’s renewal will cost Milan in the accounts | OneFootball

Matteo Gabbia’s renewal was officially announced on Thursday, and some details have emerged about the terms of his new contract.

Yesterday, the club broke the news that Gabbia has put pen to paper on a new deal that will run until 2029. It was well received by the fans given how consistent he has been, and after 84 appearances and five goals to date, the story continues for the boyhood Milan fan.

Following his late winner against Inter he is on his way to earning cult status already, with the hope being that he might even become a ‘bandiera’ in the future, and may get the captain’s armband.

According to Calcio e Finanza, there was also a financial incentive to Gabbia’s renewal, because the Italian will now go from earning €1m net per season to €2m per year, which means his pay has doubled.

His cost on the balance sheet will thus grow from the previous €1.85m gross to €3.7m, given that players that haven’t arrived from abroad cannot benefit from the Growth Decree.

There is no amortisation amount to factor into his yearly costs on the balance sheet though, since Gabbia is someone who came through the youth sector at Milan.