Chelsea's inability to qualify for the Champions League next season would lose the club's players millions of dollars in pay.
After Real Madrid eliminated the Blues from this season's competition on Tuesday, April 19, the two-time champions will not participate in the premier club league in European football for the 2023–24 season.
As soon as they took over, the club's new owners, Todd Boehly and Clearlake Capital, put in place a bonus system for player contracts that was tied to Champions League qualifying, causing the players' salaries to vary depending on whether they were participating in the tournament.
It was a dramatic departure from Roman Abramovich's ownership style, which exclusively gave prizes for winning trophies.
The earning potential of the club's most recent acquisitions, or those who have signed new contracts, will be reduced by at least 30%, according to Sports Mail.
According to sources, other contracts have also been negotiated, and they may have contained possible pay hikes of up to 50% tied to Chelsea's participation in the Champions League.
The decision to impose an incentive-based wage system was intended to encourage players, but it also offers Chelsea some financial security in the event that they miss out on the very lucrative Champions League.
After the Boehly-Clearlake ownership, Chelsea has added 12 senior players on permanent contracts, while seven members of the current team have signed new contracts after Abramovich left. The bulk of these players will be affected by Chelsea's Champions League elimination.
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