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Arsenal are reportedly set to hand Mikel Arteta a new contract that would make him the highest paid manager in the Premier League and among the top earners globally, according to several reports.
Arteta signed his current deal, which runs through the summer of 2027, at the beginning of last season. When pressed about a possible extension during the height of the Premier League title race, the Arsenal manager brushed off the conversation. "We don't have time to discuss that now," Arteta told reporters in April. "The full focus is on what we have to do from here until the end of the season."
Despite putting off those discussions, he was keen to emphasize his deep loyalty to the club. "I'm fully committed here," the tactician added. "I'm really happy and I feel good. My family's good. I still have so much ambition and things to do at this club. For now, we are in a good place."
Ending a 22-year wait for Premier League glory has only strengthened Arteta's position, which could improve further as Arsenal gear up for a Champions League final against Paris Saint-Germain.
As reward for becoming only the second manager to ever deliver a Premier League title to the Gunners, Arteta is set to be offered a "lucrative" new deal, as first reported by The Guardian.
The Basque manager is currently believed to earn around $13.4 million (£10 million), with an additional $6.7 million bonus for Champions League qualification. His new terms are expected to "come close" to matching the world-leading salary of $34.8 million that Atlético Madrid manager Diego Simeone reportedly commands.
The Highest Paid Managers in the World
Simeone has reportedly topped the list of the world's highest-earning managers for years. Some may question the logic behind that salary given Atlético's inability to consistently compete for the La Liga title. However, that view ignores the vast financial gap between the proud underdogs and the Clásico heavyweights.
Based on the most recent available figures, Atlético rank as the 13th wealthiest club in the world with an annual revenue of $531.7 million. Real Madrid and Barcelona hold the top two positions on this global list, generating more than double the income of Simeone's side.
Money is no concern for Saudi Pro League powerhouse Al Hilal, who have made Simone Inzaghi Simeone's nearest rival in terms of earnings, with an annual wage of approximately $29.2 million, according to L'Équipe.
Manchester City's Pep Guardiola is widely reported to earn around $26.8 million, currently making him the Premier League's top-paid manager. Arteta's anticipated new deal may well surpass that figure, and he is virtually certain to become England's highest-paid manager once Guardiola departs.
Arteta's upcoming Champions League final opponent, PSG's Luis Enrique, is also in line for a significant pay increase. The Spanish coach's current salary of $13.9 million could rise to $23.2 million if he signs the contract extension offered by the French club, L'Équipe reports.
There is a growing belief in some corners of the sport that the manager's role has become almost obsolete in the modern game. Luke Bornn, AC Milan's former data-focused co-owner, once controversially stated: "The vast majority of papers out there say coaches don't matter. I'm oversimplifying, but that's basically it." Evidently, many clubs would strongly disagree.