Veteran has barely featured for the Blues this season.
Out-of-favour Chelsea left-back Ashley Cole will be forced to take a huge pay cut if he does decide to quit the west London club at the end of the season and move to Major League Soccer (MLS), according to reports in the Daily Star.
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The experienced England international is currently on a one-year rolling contract at Stamford Bridge which runs out on June 30 2014.
And after losing his regular place in the Blues’ starting lineup in this campaign, Cole has yet to be offered a new 12-month deal by the Uefa Europa League holders, meaning the 33-year-old has already started to plan for a new life away from Chelsea next season.
One option understood to currently be on the table for the attacking full back to weigh up is a summer switch across the Pond to the MLS, however, Cole would have to take a significant pay cut were he to pursue that avenue.s
And that is because in the United States, defenders do not earn big salaries, even ones as decorated and experienced as Cole is, meaning the Englishman would only likely be able to earn £50,000 per week with an MLS franchise.