Ashley Cole has taken a huge pay-cut to join LA Galaxy

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Football News

Ashley Cole is famous for revealing that he almost swerved off the road while driving when he heard of Arsenal's paltry contract offer of just £55,000-per-week.

He would go on to join Chelsea, where he would reportedly earn up to £200,000-per-week as one of the best left-backs in the game.

Now however, it seems that things have changed drastically. After a failed spell at Rome, the former England international has been snapped up by MLS outfit, LA Galaxy.

According to the Daily Mail, who are relaying a report in the LA Times,  the franchise - which is home to Steven Gerrard and Robbie Keane, and once handed David Beckham a $250 million contract across five years - is only paying out around $4,000-per-week to the 35-year-old.

That is a huge decrease from his peak earning years, and the LA Times say he'll earn just over $300,000 for the year - essentially what he would earn in a single week at Chelsea.

Don't feel sorry for Cole however (not that you were) he's still being paid by Roma until the end of his contract in Italy, despite being released by the club.

The reason behind Cole's relatively meagre wage in LA is because the three designated player spots are taken by Gerrard, Keane and former Tottenham ace Giovani dos Santos - which means their wages aren't eligible against the club's salary cap.

Cole's, meanwhile, are, and that means he's had to take reduced wages so that the Galaxy don't go over their salary cap.

Milan midfielder Nigel de Jong and Standard Liege defender Jelle Van Damme have also had to take pay cuts to join the Galaxy

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