Stefano Pioli inked a new contract with Milan Tuesday, pushing the expiration date to 2025. His previous one was set to expire at the end of the current season. The Rossoneri didn’t simply pick up a pre-existent option; rather, the parties agreed to new terms.
As per La Gazzetta dello Sport, private equity funds don’t like long-term commitments. However, the way the extensions of Paolo Maldini and Frederic Massara were handled last summer, when they put pen-to-paper at the last minute, was an embarrassment. Therefore, they decided to trust the coach by tacking on two more years. If he plays it out, he’ll have the third-longest tenure in the history of the club behind Carlo Ancelotti and Nereo Rocco.
According to Corriere della Sera, Pioli enjoyed a slight pay bump, from €3.5M to €4M annually, plus bonuses, thanks to his new Milan contract. He remains below the podium as far as top-paid Serie A coaches are concerned. Massimiliano Allegri and José Mourinho make €7M, while Simone Inzaghi €5M.
The gaffer stated before the Torino game that the announcement was just a matter of time. While it could have easily come during the World Cup break, the management moved it up to lift the morale within the club following the rare away loss to the Granata.
Our Take on Milan Extending Pioli
The manager is obviously deserving to stay at the helm. The minor issues experienced by the Rossoneri this season stem from an underwhelming transfer market window than from coaching. A two-year contract is a happy medium between the two visions, as other sides would have handed him a lengthy one already.
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