Date: 16th July 2017 at 4:58pm
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Argyle’s financial reward for playing in League One in the new season is increased bonus payments.

The English Football League distributes financial payments to clubs depending on their status in the three tiers of the league pyramid and Argyle’s cash windfall has increased by a total of £420,000.

While playing in League Two the Greens received a ‘Basic Award’ of £472,000 from the EFL, this annual payment has increased to £677,000 for each League One club.

Argyle will also receive a ‘Solidarity’ payment from the Premier League; this additional funding is an agreement between the EFL and the clubs in the Premier League.
Last season Argyle received £430,000 for playing in League Two, for the new season in a higher league this will increase to £645,000.

Also The Salary Cost Management Protocol will increase by 5% when Argyle play in League One in the new season.
Last season in League Two Argyle operated under a salary cap of 55% this will be set at 60% for League One.

The SCMP is applied to all clubs in the EFL with the wage cap for players set at a percentage of projected turn over, in Argyle’s case this will be 60% and any club that breaches the limit would be the subject of a transfer embargo.

The aim of the SCMP is to reduce the levels of losses incurred by clubs and, in the long term, ensure the EFL is comprised of self-sustaining professional football clubs.
Budgetary information and financial forecasts are passed to the EFL authorities at the start of the campaign and is updated and monitored as the season progresses.

The SCMP allows no restrictions on the amount a club can pay out or lose on transfer fees.
Turn over relates to season ticket sales, match day income, pre-season friendlies, programme sales, catering and commercial income (including non-match day events), TV revenue and profit from player sales.

The season ticket sales numbers published by Argyle last month were at 6,000, this will help the club increase their turn over and in turn pay better wages, up to a limit of 60%, to attract good players.

The payments for live television games in League One for the new season remains the same as in League Two – the home club will receive £30,000 from the broadcasting companies while the away team will pick-up £10,000.