Forget the £2.5m payoff, the total earnings for McClaren will be over £5m.
Why?
He says it was the proudest day of his life when he was appointed. Wouldn't he have taken it for £3m, or £1m? Or 25 grand a year? It's the biggest honour in English football blah blah blah - wouldn't you do it for whatever the salary was, if it was indeed such an honour?
Furthermore, £5m paid irrespective of success or failure, or even without the need to complete the term - that's some job!
Estimates show the FA themselves will lose £15m because England aren't going to be at Euro 2008.
I'm no Brian Barwick (
) but why not offer (if you need to offer huge sums like McClaren got) the £3m he already had anyway, and £5m based entirely on qualification, with a clause that can terminate the contract on failure to qualify. Ah, but who would sign a contract like that? Balls, who would employ someone that wouldn't?
With those figures, and a successful qualification, the manager is £3 million better off, the FA are £12m better off - and failure to succeed means they don't reward people who can't deliver what they were employed to do.
Anyone disagree