Arsenal News 24/7Writer: Rocky7 
Date:Friday January 18 2013
Time: 3:51PM
UK time is: 11:24:09
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Walcott Finally Signs New Deal
After many months of speculation Theo Walcott has finally put pen to paper and signed a new long term contract.
The Gunners have had a steady stream of their best players walking out the door over the last 3 or 4 years and for the longest time it seemed as though Theo would go the same way. Yet despite alleged interest from Chelsea, Man City, Man United and Liverpool (of whom Theo is a fan) the rapid Englishman chose to stay at Arsenal …. With the help of a rather large financial package.
Walcott joins a whole host of young Gooners who have committed their long term futures to the club which leaves us, for the first time in a long time (and excluding Bacary Sagna) pretty much drama free for the next few years which can only be of benefit to the club.
Theo himself seemed pretty happy with the deal.
'I am very happy to have signed a new contract here at Arsenal. Thanks to everyone for their continued support, especially the manager, everyone at the club and most importantly the fans. I have made it clear from the start that I wanted to stay at Arsenal so I am pleased we have agreed a deal that everyone is happy with. What`s important now is for the team to realise its potential and win trophies."
Now Arsene, I believe you mentioned something about bringing in some players once Theo had signed a new deal?
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Your Comments
It's like a new signing!
Amos.
Good! Now, back to the right wing you go!! Tee Hee Hee!!! (Psyche!)
Naijagunner
It is really good news, however it is viewed. We can put that aside now and he can play with less pressure (even though, one must admit he did carry himself well during the heady days leading to an agreement). As the manager said, with this dusted, time to bring in the new signings to affect the rest of the season for us.
Naijagunner
Bizzarely members of the media are still criticising Arsene and the club for taking so long to sign Theo up. They can honestly do no right in some peoples eyes.
Rocky7
Good news, but its not long term.
Wyn Mills
If he would have signed a 4 year deal in the summer would thay have been a long term deal? This is the same thing ... just took a little longer than expected.
Rocky7
Not sure I follow Rocky. This is a 3.5 extension to his existing contract which was due to expire at the end of the season. If he'd signed a 4 year deal in the summer I'm assuming it would still be a 4 year extension to his existing contract?
Wyn Mills
As far as I'm aware (someone please correct me if I'm wrong, it has been known in the past) when signing a new contract it immediately overwrites the old contract. I think the "extension" just refers to the player extending his stay at the club. If the contract was just added on to the end of the existing one that would mean Theo's new contract would run out in January 2007 and that's just weird.
Rocky7
Well reports are saying it should keep him at the Emirates until summer 2016, so you may be right (although contracts appear to be largely meaningless these days). As Naija says, now that's out of the way lets get a real central striker in and put Theo out on the wing where he's most productive! ;)
Wyn Mills
The contract runs until summer 2016 so 3.5 years from now but 3 years beyond the scheduled end of his original contract. In fact no contract is long term in that they can all be terminated by the player after 3 years (2years over 28) irrespective of contract length. He and/or the club will be looking/attempting to renegotiate within 2 years anyway.
Amos.
But I'm assuming the longer the contract the better the bargaining position of the club in terms of selling on key players.
Wyn Mills
Just for the record .... I've got absolutely no idea why I put 2007 for the end of Theo's new contract .... that's some crazy s*** right there.
Rocky7
Yep - a contract that ends 6 years before it was signed would reveal serious flaws in Arsenal's negotiating policy Rocky. :) With wage inflation as it has been the longer contracts usually come at the cost of higher wages. That's fine in some aspects because even an unprotected period of contract has an impact on our ability to bargain. On the other side though the higher wage can mean it's difficult to move on players that don't work out for you. Depends on the player and a value judgement as to what you think they're going to be worth to you over 3,4, 5 years or whatever. Not always as straightforward as it seems. An injury prone RvP of 2 seasons back might not have seemed quite as valuable back then. There aren't any easy decisions when the sums are so large.
Amos.
Good to see him making the right choice. In other news, Man U have blinked first with £6m offer for Zaha.
Arsenales F.C
Well this is good news but if reports are to be believed, he is our highest paid player at 100k. It might look like there is no way that this arsenal management team can win but with this outcome, I can understand why. Its time now for Theo to prove that he is the best player in the squad and score 30 goals this season and follow it up with consistent 25 goal seasons.
prits
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