Kevin Phillips believes Glasgow Rangers striker Jermain Defoe must take a pay-cut if he wants to stay at Ibrox beyond this campaign.

Phillips says Defoe must take pay-cut

Defoe's current deal with the 55-time Scottish champions is set to run out at the end of this season (Transfermarkt), but the 38-year-old has revealed he wishes to stay with the Gers (via Glasgow Live).

However, speaking to Football Insider, Phillips believes the former England international will need to take a pay-cut if he wants to stay at the club. He said:

"I’m sure he wants to stay, at this stage of this career he’s earning good money.

"It’s comfortable for him up there and he knows that if he’s called upon he can still perform because he’s still sharp and fit. 

"Do I see Rangers offering him a new deal on with his current wage? I don’t think they would. 

"They could look to free that wage up and bring in a younger version of Defoe or bring in a couple of new players in other areas. 

"I’d be very surprised if he was to be on those terms next season considering the age he is as well."

A must

Defoe has done well for Rangers since making the move north of the border. In 67 games, he has managed 30 goals and 10 assists, whilst also providing much-needed experience to some of the younger players in the squad - he has even proven himself to be a fan favourite. Keeping him for at least another 12 months as the Gers embark on a Champions League run would be beneficial.

However, Phillips is right - there is no way the Gers can continue to give him the same wage when he is unlikely to be a regular starter. Defoe is currently earning more than £30,000 a week at Ibrox, making him one of the best-paid players at the club. Part of that outlay could be put to good use elsewhere as the Gers look to improve the squad this summer.

Hopefully, both the club and Defoe can come to an agreement.

In other news, Paddy Kenny has urged the Gers to consider the sale of this man.