If they finalise the details on their pay cut, Arsenal players have the opportunity to earn their money back in European-based bonuses.

According to reports we covered this morning, Mikel Arteta reportedly convinced the Arsenal squad to take a 12.5% pay cut this week. The cut would last for a full 12 months and secure the club financially to keep paying non-playing employees.

The Mirror reveal that there are various ways for the players to earn their money back, though.

Firstly, as we already knew, qualifying for the Champions League this season will see the 12.5% repaid to the players.

However, the Mirror claim this will still apply even if they qualify for the competition next season. So the players have two chances. Meanwhile, if they make it back into the Europa League, that will reduce the cut to 7.5%.

Secondly, the players will earn various bonuses based on certain conditions.

If they qualify for the Champions League, they’ll get a £100,000 bonus in addition to their wage top-up. If they win the Champions League next season, they’ll get £500,000 each. Whilst if they win the Europa League, £100,000 each.

Mikel Arteta helped to convince the players to take the deal. Many of the squad already thought it was a good idea, but he convinced the rest by spelling out the financial impact it would have on the club in a video conference call.

With any luck, this will incentivise the players to perform on the pitch and keep the club financially secure until things are back to normal.