100 Million #'s for Kaka

Update: ESPN is now reporting that it is indeed a 500,000 pound a week contract offer to Kaka. So an update to the math goes like this: for a 5 year contract, Kaka would cost 46 million pounds a year (~83 Million $ CAD).

More insane.

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The picture on The Score's Footy Blog pretty much sums it up. Man City are launching a brick shitting amount of money to try and land Kaka. But it looks like Kaka himself has poopoo'ed the move (oh God, I'm proud of that one), saying Jesus wants him to stay. Either that, or Italy's PM / AC owner Silvio Berlusconi would declare war on Brazil.

Despite the "facts" I state above, the truth is that 100,000,000 British Pounds have been offered for Kaka. This would smash the world record transfer fee of 48 Million Pounds paid by Real Madrid for Zidane in 2001. This is a tenth of a billion pounds. This is ~180 Million Canadian Dollars. And most of all, this is insane.

For those who don't know, this transfer fee just gets the player from one team to another. From my understanding of James Sharman's explanation, they then have to negotiate a contract with the player. Kaka's offer is being reported differently from what I've seen, either 250,000 or 500,000 pounds a week (I don't think the latter offer is correct because it is so ludicrous). If the assume the former fee, that would be 13 Million pounds a year for Kaka, or 23.4 Million CAD.

Now admittedly, baseball contract and even NBA contracts can be more ridiculous than this, but they don't come with a giant transfer fee paid up front. So if you average it out over 5 years (if that was the term of Kaka's contract), then Man City would effectively be paying 33 Million pounds a year, or about 60 Million Canadian Dollars, to land him.

Insane.