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Cole Palmer

Chelsea F.C., Midfielder
Age: 22y-7m-5d (May 06, 2002)
Country: UK
2024-25 Cap Hit

$6,760,000

2024-25 Cash

$6,760,000

Career Earnings

$12,400,000

2024-2032 Extension (CURRENT)
Cole Palmer signed a 9 year , $60,840,000 contract with the Chelsea F.C., including an average annual salary of $6,760,000. In 2024, Palmer will earn a base salary of $6,760,000, while carrying a cap hit of $6,760,000.
Contract Terms:
9 yr(s) / $60,840,000
Average Salary:
$6,760,000
Signing Bonus:
N/A
Free Agent:
2033 / UFA
Year Age PayrollAnnual Cash Annual Cash Cumulative
2024 22 $6,760,000 $6,760,000 $6,760,000
2025 23 $6,760,000 $6,760,000 $13,520,000
2026 24 $6,760,000 $6,760,000 $20,280,000
2027 25 $6,760,000 $6,760,000 $27,040,000
2028 26 $6,760,000 $6,760,000 $33,800,000
2029 27 $6,760,000 $6,760,000 $40,560,000
2030 28 $6,760,000 $6,760,000 $47,320,000
2031 29 $6,760,000 $6,760,000 $54,080,000
2032 30 $6,760,000 $6,760,000 $60,840,000
2033 31
UFA
Year Age Base Salary Payroll Salary
2024 22 $6,760,000 $6,760,000
2025 23 $6,760,000 $6,760,000
2026 24 $6,760,000 $6,760,000
2027 25 $6,760,000 $6,760,000
2028 26 $6,760,000 $6,760,000
2029 27 $6,760,000 $6,760,000
2030 28 $6,760,000 $6,760,000
2031 29 $6,760,000 $6,760,000
2032 30 $6,760,000 $6,760,000
2033 31
UFA
Year Age Base Salary Cash Total Cash Cumulative Cash Remaining
2024 22 $6,760,000 $6,760,000 $6,760,000 $60,840,000
2025 23 $6,760,000 $6,760,000 $13,520,000 $54,080,000
2026 24 $6,760,000 $6,760,000 $20,280,000 $47,320,000
2027 25 $6,760,000 $6,760,000 $27,040,000 $40,560,000
2028 26 $6,760,000 $6,760,000 $33,800,000 $33,800,000
2029 27 $6,760,000 $6,760,000 $40,560,000 $27,040,000
2030 28 $6,760,000 $6,760,000 $47,320,000 $20,280,000
2031 29 $6,760,000 $6,760,000 $54,080,000 $13,520,000
2032 30 $6,760,000 $6,760,000 $60,840,000 $6,760,000
Source: EPL contract specifics generally collected from verified reports.
2023-2030
Cole Palmer signed a 7 year , $27,300,000 contract with the Chelsea F.C., including an average annual salary of $3,900,000. In 2024, Palmer will earn a base salary of $3,900,000, while carrying a cap hit of $3,900,000.
Contract Terms:
7 yr(s) / $27,300,000
Average Salary:
$3,900,000
Signing Bonus:
N/A
Free Agent:
2031 / UFA
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2021-2025
Cole Palmer signed a 5 year , $3,500,000 contract with the Manchester City F.C., including an average annual salary of $700,000. In 2024, Palmer will earn a base salary of $1,040,000, while carrying a cap hit of $1,040,000.
Contract Terms:
5 yr(s) / $3,500,000
Average Salary:
$700,000
Signing Bonus:
N/A
Free Agent:
2026 / UFA
To see the rest of the Cole Palmer's contract breakdowns, & gain access to all of Spotrac's Premium tools, sign up today. Already Subscribed? Login Here
Seasons

Years

Career Earnings thru 2024

$12,400,000

Earnings w/ Different Teams

2 teams

Earnings Per Year

Year Age Team(s) Status Cash Total Cash Cumulative Awards
2021 19
Active
$700,000
$700,000
2022 20
Active
$1,040,000
$1,740,000
2023 21
Active
$3,900,000
$5,640,000
2024 22
Active
$6,760,000
$12,400,000
Total      
$12,400,000
$12,400,000
2025 23
Active
$6,760,000
2026 24
Active
$6,760,000
2027 25
Active
$6,760,000
2028 26
Active
$6,760,000
2029 27
Active
$6,760,000
2030 28
Active
$6,760,000
2031 29
Active
$6,760,000
2032 30
Active
$6,760,000
Total
$66,480,000

Earnings Per Team

Years Team Base Cash Cumulative
2 $1,740,000 $1,740,000
2 $10,660,000 $10,660,000
Year Team(s) Age Base Cash Total Cash Cumulative
2021
19
$700,000
$700,000
$700,000
2022
20
$1,040,000
$1,040,000
$1,740,000
2023
21
$3,900,000
$3,900,000
$5,640,000
2024
22
$6,760,000
$6,760,000
$12,400,000
Total
$12,400,000
$12,400,000
$12,400,000
2025
23
$6,760,000
$6,760,000
2026
24
$6,760,000
$6,760,000
2027
25
$6,760,000
$6,760,000
2028
26
$6,760,000
$6,760,000
2029
27
$6,760,000
$6,760,000
2030
28
$6,760,000
$6,760,000
2031
29
$6,760,000
$6,760,000
2032
30
$6,760,000
$6,760,000
Total
$66,480,000
$66,480,000

Earnings Per Team

Years Team Base Cash Cumulative
2 $1,740,000 $1,740,000
2 $10,660,000 $10,660,000
  • Aug 18, 2024 Signed a 9 year $60.84 million contract extension with Chelsea F.C. (CHE)
  • Sep 07, 2023 Signed a 7 year contract by transfer from Manchester City to Chelsea F.C. (CFC) for a $47M fee
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