Nico Jackson agrees new NINE YEAR contract with Chelsea - Ornstein

Nicolas Jackson has signed a new contract extension at Chelsea, extending his stay at Stamford Bridge.

David Ornstein reported for The Athletic that Jackson had put pen to paper on an extension to his current contract, which had been due to run out in 2031.

Since putting pen to paper, Jackson is now contracted up to 2033. This nine year extension, if fulfilled, would mean Jackson has spent a decade in Chelsea blue.

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Ornstein also reports that Chelsea see the 23-year old Senegalese striker as key to their central attacking core, and that the initial contract included the option to prolong the stay which the Blues have obviously now executed.

Jackson celebrated his new contract by opening the scoring in Sunday's clash with Crystal Palace, and with the confidence of a new deal he may be set to really take advantage of Chelsea's inability to sign a new striker (having bids for Victor Osimhen and Samu Omorodion fall through) and firmly establish himself as the top dog for the Blues.

Why do Chelsea keep offering such long contracts?

Chelsea have made a habit of offering their players super-sized contracts in terms of length, as this helps to dilute their transfer fees as the total gets spread over the full length of the deal.

So, for Jackson, his £32m fee was initially spread over eight years meaning that the amount Chelsea had to pay each year on their books wasa a paltry £4m.

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This, along with selling graduates of their academy, is how Chelsea have been able to be so active in the transfer market.

A transfer sale sees the entire fee put on the books straight away, and as there is no fee to amortise for players from the youth team there is nothing to be paid off (in normal transfers you must first pay off any money owed on their transfer fee) so every penny of the sale gets booked as profit.