Chelsea star finally signs new contract: Is 5 years too long?

Chelsea promised a big revelation yesterday at 5pm and they didn’t let down. Instead of a Brazillian holiding a Blues shirt with “Kaka” or “Robinho” on the back it was a big-signing of a different nature.

Frank Lampard has finally committed the latter stages of his career to Chelsea, thus ending the possibility of reuniting with Jose Mourinho at Inter Milan in the near future.

Lampard has signed a five-year deal, worth a reported £150,000 a week, and sees the contract as a sign he will see out his career at Stamford Bridge:

I see it as my final big contract and I will play out my days at Chelsea. I want to finish my career at Chelsea.

It is something I’ve said many times and, after signing this contract, I am very happy and positive I will finish as a player here.

I’ve had seven great seasons here and now I can have many more.

Talking to Chelsea TV, Lampard also admitted that he had contact with Inter Milan this summer and took the time to consider his options before turning them down, in favour of a club he holds close to his heart:

Everyone knows [Inter] Milan made a bid for me and that was something I had to look at,” Lampard admitted.

That was a possibility when we knew they had made an offer for me, I had to make a decision for myself and this club has been very, very good to me.

Chelsea were thought to be offering Lampard a shorter deal than the one that has been signed, one of the main reasons he was reluctant to commit so soon. Chelsea buckled and ignored contract policies like that of rivals Manchester United and Arsenal who only offer short-term contracts to players in their 30’s:

It has taken a while to get the deal done and there has been a bit of compromise on both sides.

Lampard has seemingly got the better of Chelsea, as he is now guaranteed a payment of £39 million for the full five years on his contract, if ther £150,000 figure is true.

It can also be considered a bad move by Chelsea. Having tied down a player of Lampards [domestic] talent is a great move, no person can doubt that, but to give a 30-year-old such a lucrative contract that will run until he is 36 can only be detrimental to Chelsea as a team. Will the manager and board be willing to leave out Lampard as he grows older in favour of someone younger and fresher, considering they are paying him so much money. Granted cashflow is not a problem for Chelski, but surely even they have principles?

Another way to look at it is that Chelsea simply wanted to keep Lampard for, at least, another three years. Since they are bankrolled, they can write-off those last two years, as long as they kept such an important part of their current successful team.

Either way, Mourinho looks to have lost out. Lampard is the true winner.

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