McAnuff believes astronomical salaries are contributing to families being priced out of watching football and youngsters becoming money-obsessed.
"I can see why a Wayne Rooney should get a big bonus because of the amount of shirts he sells," said McAnuff to the Sunday Mirror.
"But if you're talking about £200,000-a-week, that's ridiculous. Who needs that amount of money? Surely, someone will say 'that's enough'.
"We're on the verge of getting out of control and we're starting to lose a bit of reality.
"The most popular question I get from kids is 'what car do you drive?' What happened to them wanting to know what it was like to make your debut?
"Football is getting too expensive for fans and fans make football. Tickets for our game at Chelsea were £50 each. I know lots of people who couldn't afford that."