Astonishing increase in average premier league salaries from just £20 a week back in 1962 to massive £85,000 a week in 2024

Astonishing increase Premier League Salaries

Back in 1961 when Premier League was known as English Division 1, average weekly salary of a football playing in top division was just £20 YES! £20 you read it right. Crazy as it sounds, that £20 was considered luxury in those times. However as football gained more prominence in UK and around the world, average weekly salary started to increase steadily at first. From £20 a week in 1962 to £96 in 1973. After that the jump in average weekly salary for a top division player saw rapid growth and today we take a look at historical numbers from 1962 to modern day premier league where average salary has reached as high as £70,000 and some of the top footballers are taking home over £300,000. Lets dig deep into the facts that why and how it happened ?

From a mere £20 a week back in 1962 to massive £ 400,000 a week for Cristiano Ronaldo in 2021. How money shaped the face of football in England making premier league the most watched and lucrative sports league in the world.

History of Average Weekly Salary in English Football :

So before we get into financial numbers and compare 2021 to 1962 you have to consider inflation not only in England but around the world. £20 a week in 1962 will be much more in 2021 if we take inflation and other economical factors into equation. However beside that, incredible broadcasting deals by Premier League both domestically and abroad has kind of ensured absolute top dollar for Premier League footballers.

Milestones in Weekly Salary in English Football:

George Best became the first ever footballer to sign £100,000 a week salary with his Manchester United contract back in 1968 after guiding the to European glory.

Goerge Best bacame the very first footballer to sign £ 1,000 a week contract with Manchester United back in 1968. That was the biggest professional contract offered to any player at the time not only in England but in world football.

It took another 24 years before £ 10,000 a week contract was offered to a player in England. It was John Barns back in 1992 who signed his contract extension with Liverpool and signed an absolute giant of contact worth £10,000 a week.

Once the £ 10,000 a week barrier was broke and England top division was rebranded to English Premier League the financial flood gate was opened with Roy Keane signing an absolute mammoth contract with Manchester United in 1999 after winning treble. He was offered £50,000 a week salary which was insane at that time.

However it took just 2 years when £100,000 a week contract was offered to Sol Campbell by Arsenal in 2001. That was the biggest contract in English football at that time and it also allowed other players in top clubs to ask for bigger salaries and by 2002 several players in Premier League were on £100,000 a week salary.

When Carlos Tevez moved from Manchester United to City, he signed a contract of £200,000 a week becoming the highest paid player but it last just a few months with Rooney, Aguero, Lampard, Gerrard, Torres and Van Persie moving to bigger contracts.

Below is the table showing average weekly salary of premier league (division 1) footballers from 1962 and who was the highest paid player every year.

YEARAverage Salary (weekly)Highest Paid Player (Milestones)
1962£20
1963£25
1964£29
1965£30
1966£34
1967£38
1968£44George Best (£1000 a week)
1969£51
1970£61
1971£64
1972£70
1973£77
1974£85
1975£90
1976£102
1977£114
1978£140
1979£200
1980£220
1981£330
1982£440
1983£550
1984£660
1985£1000
1986£1100
1987£1200
1988£1300
1989£1400
1990£1500
1991£1600
1992£1755John Barns (£10,000 a week)
1993£2246
1994£2738
1995£3393
1996£3814
1997£5104
1998£7010
1999£9287Roy Keane (£50,000 a week)
2000£11,250
2001£13,500Sol Campbell (£100,000 a week)
2002£16,700
2003£17,250
2004£18,900
2005£18,300
2006£19,900
2007£22,600
2008£27,500
2009£31,300Carlos Tevez (£200,000 a week)
2010£33,450Fernando Torres (£310,000 a week)
2011£36,500
2012£39,000
2013£41,000
2014£42,000
2015£45,500
2016£50,250
2017£52,200
2018£53,500
2019£55,000David De Gea (£375,000 a week)
2020£60,000
2021£62,000Cristiano Ronaldo (£400,000 a week)
2022£70,000
2023£75,000
2024£75,000
2025