Manchester United in talks to reward Sir Alex Ferguson with new £7.5m-a-year contract to make him best paid manager in Britain

Manchester United are in talks with Sir Alex Ferguson to reward the most successful manager of the modern era with a pay hike that will make him the highest paid boss in Premier League history.

Sir Alex has been offered a £6.5 million-a-year basic contract supplemented by up to £1m worth of bonuses for a trophy clean sweep. His deal will remain on the same one-year rolling terms that he first committed himself to in 2004 but the new offer represents a 60 per cent pay hike on his current £4m-a-year contract rising to £5m. The structure of the £1m top-up bonuses would remain unaffected by the new agreement. Sir Alex’s pay hike will leapfrog him above Arsene Wenger to become the best paid manager in the Premier League and will be worth more than the £6.5m-a-year salary that Carlo Ancelotti earned at Chelsea. According to Goal.com, The Scot was told by United chief executive David Gill last October that the Glazer family wanted to recognise his phenomenal achievements, which have included a Champions League crown and four Premier League titles since the Americans took full control of the club. (Goal.com)