The S*n reports that Newcastle United are preparing a sumptuous contract for little Mickey Owen - the biggest in their history - in a bid to keep him at St James’.

Newcastle have been through a lot with their pint-sized Mickey Owen, holding his hand whilst his groin was fiddled with by German doctors, telling him everything was going to be OK when he royally knackered his knee with England, and mopping his tears when he realised Kevin Keegan was returning to Newcastle. So it’s only right that Newcastle should try their hardest to truss little Mickey up in a watertight new contract, but is he really worth all the dosh?

MICHAEL OWEN was last night offered £21million to stay at Newcastle.

Owner Mike Ashley has handed the England striker the biggest deal in Toon history — a three-year contract worth a whopping £140,000 a week.

It would make Owen not only one of the Premier League’s highest-paid stars but also one the world’s richest.

The ex-Liverpool and Real Madrid ace, 28, whose current £100,000-a-week deal expires in the summer, could leave on a free unless Newcastle tie him down now. (The S*n)

Surely signing Owen to a new contract would only be a Pyhrric victory, as their wage bill would be bloated by this one contract. Would they be better cutting their losses and letting Owen leave?

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