Sam Allardyce will join West Ham United as the best paid manager in the Championship.
The Telegraph says the West Ham board have already warned that, given the club's debts, huge amounts of money cannot be spent to return to the top flight.
Nevertheless it is believed that Allardyce will earn in excess of £1million-a-year making him the highest paid manager in the Championship.
The triumph for West Ham is in persuading him to go back into the Championship but it is believed that Allardyce, who still harbours hopes of one day becoming England manager, thinks that restoring the fortunes of a London club might help his cause.
