Arsenal have agreed a £105m deal to sign West Ham captain Declan Rice this summer - but the two clubs are still discussing how the fee will be paid in installments.
The structure of the payments are yet to be finalised, but Rice is now free to discuss personal terms and look at having his medical.
The transfer breaks down as an £100m initial fee plus £5m in performance related add-ons.
Arsenal have already had two club-record bids rejected by the Irons - a £90m bid comprising a £75m fee and £15m in add-ons and an opening offer thought to be worth £80m plus add-ons.
The offer smashes Arsenal's transfer record - the £72m they paid Lille for Nicolas Pepe in 2019.
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Rice has spent his entire professional career with West Ham and led the club to the Europa Conference League title as his last act.
Mikel Arteta, who has mostly relied on Thomas Partey, Granit Xhaka and Martin Odegaard as his midfielders last season, has been keen to strengthen in that area of the field. He looks to have got his No 1 target.
Rice's potential record-breaking move in numbers
Rice's amicable Hammers departure
Hammers chairman David Sullivan said a gentleman's agreement meant Rice could leave despite having a year remaining on his contract, with the option to extend it by a further 12 months.
Rice joined West Ham's academy from Chelsea as a teenager and has been ever-present since his breakthrough season in 2017-18. He took over the captaincy after Mark Noble's retirement last year.
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The 24-year-old played 50 games in all competitions last season as West Ham finished 14th in the Premier League, before winning the Europa Conference League in Prague.
Rice has played more than 200 games for West Ham and earned 41 caps for England since his international debut in 2019.
Neville: I would spend £50m-£60m on Rice
Speaking in March, Sky Sports pundit Gary Neville said Rice is only worth around £50m-£60m - around half of the current figure being discussed by West Ham and Arsenal.
"I love Declan Rice," Neville said. "Obviously, Declan knows the position, but when I look at world-class holding midfielders, and players of that type, because he doesn't score or assist enough goals, you're putting him into that category of more of a destroyer.
"[Then], you've then got to be someone who I think is highly competent on the ball and linking play, and having that knowledge of the subtleties of getting on the ball from the back four.
"I personally feel, at this moment in time, that Declan needs to go and work under a different set-up, he needs to drive forward in his career, he needs to go and play at a different club.
"I think there's a lot of growth, and a lot for Declan to do to get up to the levels of Casemiro, Rodri and players at the top of the game in those positions.
"But, for me, I wouldn't be spending £110m or £120m... I would spend £50m-£60m on Declan Rice, but I wouldn't spend the figures being reported."
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FAQs
Arsenal have agreed a £105m deal to sign West Ham captain Declan Rice this summer - but the two clubs are still discussing how the fee will be paid in installments. The structure of the payments are yet to be finalised, but Rice is now free to discuss personal terms and look at having his medical.
How much did Arsenal sign Declan Rice? ›
The £105m Rice deal is broken down into an initial payment of £100m, which will be paid over 24 months, with £5m in add-ons, which are £1m every time Arsenal qualify for the Champions League and Rice starts 60 per cent of games.
Do West Ham get money if Rice wins the league? ›
It is thought he has to play 60 per cent of Arsenal's games. West Ham do not receive any extras should Arsenal win a trophy, such as finally being crowned Premier League champions, and weighted the deal heavily in favour of a guaranteed £100 million.
Has Declan Rice signed a new contract with West Ham? ›
Declan Rice has ended fears over his future by signing a new long-term contract at West Ham. The 19-year-old has signed a new five-and-a-half-year deal, which has an option of a further 12 months. The news ends months of uncertainty over the player's future after long-running contract negotiations.
What did Declan Rice say about West Ham? ›
"Playing in front of you has been an honour, we have had such great times together, and you all mean so much to me. "I want you to know how tough a decision it has been for me to leave an environment that I have loved and cherished so much.
Who is Arsenal most expensive signing ever? ›
Declan Rice – £105m (from West Ham United, 2023)
Rice arrived for a staggering £105 million, making him not just Arsenal's most expensive signing, but also one of the priciest transfers in Premier League history.
How rich is Declan Rice? ›
Presently, Rice earns an estimated £250,000 a week at Arsenal and that figure would make him one of the highest paid players in the Premier League. Going off his current salary, that equates to £12.4m a year, while it has been estimated elsewhere that his net worth is a staggering £26 million.
Why did rice leave West Ham? ›
The fact is that the 24‑year‑old had to leave for the sake of his career. Rice joined West Ham when he was 14 and still loves the club but it was time to move on. Nobody can begrudge his desire to compete for major honours and play in the Champions League every season. It was never going to happen at West Ham.
How much debt is West Ham in? ›
Debt. West Ham's gross financial debt was unchanged at £56m, very largely a £55m debt facility with MSD Holdings Ltd plus £611k debenture loans. The MSD loan was repaid in full after these accounts in August 2023, replaced by a new short-term facility with Barclays Bank.
Was Rice a good signing? ›
A large reason why the Gunners were able to push City for so long was Declan Rice. Signed in the summer for a club record fee, Rice hit the ground running and put in top performance after top performance to the point where, for some, he's Arsenal's Player of the Year.
On 15 July 2023, Rice signed for Premier League club Arsenal on a long-term contract.
Who is the highest paid player in West Ham? ›
Lucas Paqueta is West Ham United's highest earner, earning in the region of £150,000 a week. West Ham captain Kurt Zouma (£125,000) and goalkeeper Alphonse Areola (£120,000) are the other high earners. Since joining from Lyon in August 2022, Paqueta has developed into a key player for manager David Moyes.
Why is Declan Rice suspended? ›
The official explanation is that Rice was sanctioned for “delaying the restart”. But even that is a complicated take as Veltman prodded the ball towards him as the Arsenal midfielder was walking away, with his back to play. The referee issued a second yellow card to Declan Rice for delaying the restart.
How much did West Ham pay for rice? ›
West Ham United will receive an add-on payment of £1 million for the sale of Declan Rice after Arsenal qualified for the Champions League this season. The amount takes to £101 million the fee that West Ham are now guaranteed to receive for their former midfielder.
Has Declan Rice got tattoos? ›
Declan Rice has two tattoos imprinted on his body forever. He got one tattoo to honour the birth of his son and the other tattoo is a tribute to himself.
How much does Declan Rice earn a week at West Ham? ›
He was paid only £60,000 per week at West Ham, a generous annual salary for most but a small paycheque compared to many of his England peers, like Tottenham's Harry Kane (£200,000 per week), Manchester United's Marcus Rashford (£200,000), Chelsea's Raheem Sterling (£350,000) and Grealish (£300,000).
Who is the highest paid for Arsenal? ›
Who is the highest paid player at Arsenal?
- Kai Havertz (£280,000 per week) The highest paid player at Arsenal is Kai Havertz, who earns £280,000 per week (£14,560,000 per year) before bonuses. ...
- Gabriel Jesus (£265,000 per week) ...
- Martin Ødegaard (£240,000 per week) ...
- Declan Rice (£240,000 per week)
2023-2028. Declan Rice signed a 5 year , $62,400,000 contract with the Arsenal F.C., including an average annual salary of $12,480,000. In 2024, Rice will earn a base salary of $12,480,000, while carrying a cap hit of $12,480,000.
Why did Rice go to Arsenal? ›
But the England international says the Gunners "seemed more exciting". Declan Rice has revealed he chose to join Arsenal last summer instead of Manchester City, because the Gunners "seemed more exciting". The England international made the switch from West Ham United in a deal worth over £100 million last summer.
How much did Arsenal sign Reyes for? ›
On this day in 2004: Arsenal completed the signing of 20-year-old Jose Antonio Reyes from Sevilla in a deal worth around £13m.
