Arsenal's FA Cup winners are set for a healthy cash bonus.

The Sun says Mikel Arteta's squad agreed to a 12.5 per cent annual pay cut to help with the financial problems of coronavirus.

Players were promised they would get their money back if they made the Champions League.

And despite not doing that, qualifying for the Europa League by winning the Cup means the cut will be just 7.5 per cent.

It means Arsenal will save £18m on their £240m annual wage bill rather than the £30m originally envisaged.

But that will be offset by the £25m windfall of Europa League qualification and £3.6m in prize money for winning the FA Cup.