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Contract Details And Salary Cap Impact

Giorgos Giakoumakis Departs Celtic for Atlanta United

Contract Details and Salary Cap Impact

Breakdown of Contract and Salary

Giorgos Giakoumakis has officially completed his move to Atlanta United, leaving Celtic on a permanent four-year deal. The MLS side has not released the financial details of the transfer, but sources have revealed some insights into Giakoumakis' contract and salary cap impact.

According to reports, Giakoumakis has signed a contract worth a guaranteed $14 million, with an annual salary of $3.5 million. This places him among the highest-paid players in Atlanta United's squad.

Salary Cap Implications

Giakoumakis' salary will have a significant impact on Atlanta United's salary cap. The MLS has a salary cap system, which limits the amount of money that teams can spend on player salaries. The league sets an upper limit on the total amount that can be spent by each team, and each player's salary counts towards that total.

With Giakoumakis' addition, Atlanta United's salary cap will be stretched to its limits. The team will have to carefully manage its financial resources to ensure that it remains compliant with MLS regulations.

Conclusion

Giorgos Giakoumakis' departure from Celtic marks a significant moment in the club's history. The Greek striker was a fan favorite during his time in Glasgow, and his departure leaves a void that will be difficult to fill. However, Atlanta United will be delighted to have secured the services of a player of his caliber, and Giakoumakis will be eager to prove his worth in the MLS.


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