Newcastle to offer Owen £16 million contract

Newcastle United are set to offer Michael Owen a new four-year deal worth £16 million to keep him on Tyneside.

The People says they will meet the striker's agent and lay down a four-year plan that will net him a basic contract of around £4m a year. Newcastle know Owen is unhappy about his £110,000-a-week wages being cut and will offer a series of bonuses.

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