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Arsenal's players are in line for a substantial bonus should the club lift the Champions League trophy later this month, adding to the earnings they have already accumulated through their European and domestic performances this season.
Arsenal secured their second-ever Champions League final berth on Tuesday night after edging out Atlético Madrid 2–1 on aggregate in the semifinal, giving them the chance to claim the title for the first time in the club's history when they take on Paris Saint-Germain on May 30.
Having suffered defeat in their only previous final appearance in 2005–06 against Barcelona, Arsenal fans will be desperate to see the club finally get their hands on the trophy, and the players themselves have strong financial incentives to go all the way.
According to The Times, any player who appears in the final will receive a bonus of £125,000 ($170,000) if Arsenal defeat PSG, while squad members also stand to earn £25,000 ($34,000) for each semifinal leg.
These payments will be drawn from the enormous prize fund Arsenal have accumulated during their Champions League campaign, with the club already having earned £124 million ($169 million) by reaching the final. An additional £9 million ($12 million) is on offer should they go on to win the competition.
Arsenal are also still in contention for the Premier League title, with players well rewarded for their efforts should the Gunners manage to hold off rivals Manchester City. Finishing top of the table would see players earn £6,000 ($8,200) per appearance in the league, with a maximum payout of £228,000 ($310,000) available.
Arsenal to Reinvest Winnings in Mikel Arteta Contract
A portion of the funds generated during this remarkable campaign looks set to find its way to Mikel Arteta, with The Times reporting that Arsenal plan to open contract extension talks with their manager this summer.
The 44-year-old's current deal runs until the end of the 2026–27 season, and given that he has previously expressed his desire to remain at the Emirates Stadium beyond its expiry, Arsenal are unlikely to face much resistance in negotiating new terms.
Arteta is reported to earn just under £16 million ($21.8 million) per year including bonuses, placing him as the fourth-highest paid manager in the world. Any new deal would include a pay increase, potentially allowing him to overtake former mentor and Manchester City boss Pep Guardiola, who currently earns just under £21 million ($28.5 million) a year.
Arteta could triple his major trophy haul by the end of the season, having previously only won the FA Cup, and Arsenal's continued belief in their head coach has been admirable—particularly through the difficult early stages of his tenure.