Arsenal star Walcott could get further pay increase
Arsenal transfer news: Theo Walcott has 12 month extension option
Arsenal star Theo Walcott could extend his stay at the Emirates Stadium by another year if a clause in his contract is activated, it has been claimed.
According to Goal.com, Walcott will receive a pay increase of 10 percent if both parties agree to trigger the 12 month extension clause written into his contract at a date stipulated in his new deal.
This specified date, it is reported, will be 18 months before the expiration of the three-and-a-half year deal Walcott signed with Arsenal last month, and activating the option will take the 23-year-old's salary to £100,000-a-week.
Walcott's contract earned him a £30,000-a-week pay rise to his previous salary when he finally agreed to commit his future to Arsenal in January, but the failure to sign for a longer period raised some eyebrows.
Shortly before Walcott signed, Arsenal teammates Jack Wilshere, Alex Oxlade-Chamberlain, Kieran Gibbs, Aaron Ramsey and Carl Jenkinson all pledged themselves to the Gunners until 2018 but, reports Goal.com, the club are 'comfortable' with the situation of the former.
Walcott has scored 18 goals in all competitions for the Gunners this season - the best return of his career so far - but the Arsenal hierarchy reportedly believe the player's contract offers the club a level of protection should he be unable to maintain his form in the future.