Portsmouth double Redknapp wages after Newcastle snub
His decision to stay won him the immediate gratitude of the Pompey board who will up his deal to fend of Newcastle owner Mike Ashley's billions.
Redknapp's new £3 million-a-year package still leaves him a long way short of the £4m a year Newcastle were willing to pay. But the Pompey boss is delighted with the pay rise after 24 hours of soul searching.
A source close to Redknapp said: "It didn't come down purely to cash with Harry. If it did, he would have gone to Newcastle.
"Portsmouth made him feel wanted, they've given him a pay rise and he knows there will be money to spend during the rest of the transfer window. It was a case of Portsmouth putting their arm round him and making him feel wanted."