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Liverpool demand Gerrard take 50 PER CENT pay-cut to stay

Liverpool are demanding Steven Gerrard accept a 50 PER CENT pay-cut to stay next season. The Daily Star says their American owners are not prepared to match his existing £180,000-a-week terms - believing he is not worth superstar wages with age now seeing his influence on the pitch reducing.

Instead they have put on the table a two-year-contract that will pay £90,000-a-week for the first season, dropping to £60,000-a-week in the final 12 months.

Built in with the offer is an option for Gerrard to either take up a coaching role in 2017 or become a club ambassador should he decide against staying in the game in a hands on capacity.

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