Ashley will demand Newcastle player pay-cuts if promotion won

Newcastle United players face pay-cuts if they win promotion to the Premiership.

The Daily Mail says with owner Mike Ashley forced to pump another £10million into the club to get them through the season, the players, including the likes of Alan Smith and Kevin Nolan, are being offered extended deals for less money per year.

The move could see an exodus of big name players although several are open to negotiation.

Ashley put a £10,000-a-week limit on wages for new signings in January after it was revealed Newcastle are losing £500,000 per week.