ARSENAL have awarded Mikel Arteta a lucrative £8.3million a year deal to keep him at the club.
But it only makes him the FIFTH highest earning Premier League manager.
Mikel Arteta has penned his new three-year contractCredit: Getty
The Manchester City boss rakes in £19m a year – but is repaying the club in the form of Premier League titles.
The Spaniard is on course to secure City a fourth league in five seasons – although Liverpool are hot on their heels.
He is followed by Tottenham boss Antonio Conte who was handed a £15m contract when he succeeded Nuno Espirito Santo back in November.
Then there is a significant drop off down to Brendan Rodgers who earns £10m a year.
Arteta’s new deal sees him slot in just behind the Leicester boss, but ahead of Man Utd interim manager Ralf Rangnick.
One of the most surprising revelations is that Chelsea boss Thomas Tuchel is down in eighth on £7m.
That is despite the German leading the Blues to European glory last season.
Meanwhile, Norwich and Brentford bosses Dean Smith and Thomas Frank are the joint-worst paid managers in England’s top flight.
The pair – who are in charge of newly-promoted outfits – earn £1.5m a year on their current deals.
They sit just below Brighton boss Graham Potter – who is one of the lowest paid managers in the Prem despite the stellar job he is doing at the Amex.
Roy Hodgson, Patrick Vieira, Jesse Marsch and Bruno Lage also earn under £5m annually – while Burnley caretaker Mike Jackson’s salary is unknown.
Newcastle head coach Eddie Howe is on a base salary of just £3m – despite the £300m Saudi takeover prior to his arrival.