Newcastle failed to win all three points against Watford despite the presence of Chris Wood and Kieran Trippier.
They’ve now been advised not to overspend in the event of relegation.
According to the Daily Mail, Trippier has been offered a £100,000-a-week contract, while Wood will be paid £80,000 per week.
Dr. Dan Plumley, a football finance expert, believes the Magpies might lose £60 million in revenue if they are relegated to the Championship.
“You have to balance wages with the risk of relegation,” he told Football Insider.
“Relegation would mean a £60m reduction in revenue overnight. Even if you finish bottom, the TV payment is £100m for the season.
“Your parachute payment for that first season after relegation is about £40m.
“Yes, they have got money to spend and are okay under FFP. They have got an ownership structure which could spend whatever they want at any time.
“But the broadcasting payment drops off a cliff after relegation. If you don’t get back up quickly, you lose your parachute payments and it gets even worse.
“The aim in the short term is to stay in the Premier League but you have to balance that with what happens if you are relegated.
“That’s where the wage structure comes into play. You can’t throw everything at it because of that risk.”