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Model updated: 12 Sept 2026
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Hull City

Squad · 2026/27 spending-room estimate

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Below GreenFinancial forecast

Hull City squad, player by player

Per-player wages are gross fixed salaries from public sources, or a labelled estimate where no salary is published. Fees are reported transfer fees where one is in evidence. This table is a decomposition: the squad-cost estimate on the Briefing stays anchored to the club's own accounts, and the difference is stated here rather than hidden.

Annual squad cost (player rows)
£94m

Ledger total for 38 players. The club's accounts-anchored squad cost is £68m.

How this is calculated
sum of 38 rows: wages £53m + amortisation £39m + loan fees £2m = £94m club squad cost (accounts-anchored) = £68m

What the named players cost in a year on the ledger's own figures. The club's squad-cost test uses the accounts-anchored figure, which this table decomposes rather than replaces.

  • Wages (reported salaries plus bounded estimates)£53m · 56%
  • Annual transfer-fee cost£39m · 42%
  • Loan fees£2m · 2%

The three most expensive players carry £18m, 19% of the ledger total. Wages are 56% of it; the rest is past transfer spend still being written down.

Reconciliation: the rows account for £53m of the £53m wage line and £39m of the £12m amortisation charge; the residuals (£0m and -£27m) are stated below the table, never absorbed.

Wage distribution
£1m mean

Median £2m. Estimated wages are shown as ranges in the table.

How this is calculated
mean = £53m / 38 players = £1m median = £2m

Mean versus median shows how top-heavy the wage bill is: a mean well above the median means a few contracts dominate.

  • under £2m (21 estimated)38 players · 100%
  • £2m-£5m0 players · 0%
  • £5m-£10m0 players · 0%
  • £10m-£15m0 players · 0%
  • £15m+0 players · 0%

Fairly flat: the mean (£1m) sits close to the median (£2m), so the bill is spread across the squad rather than concentrated in a few contracts.

17 of 38 wages are reported gross salaries; 21 are bounded PSRwatch estimates shown as ranges. None is an official figure.

Book value remaining
£161m

Unamortised transfer cost still on the books. This is not what the squad is worth.

How this is calculated
sum of remaining book value across 38 rows = £161m (annual charge x seasons left, per player)

This is not what the squad is worth. Book value is the part of past transfer fees not yet written down; a sale above it is book profit, below it a loss.

  • From reported fees (accounting run-off)£161m · 100%
  • Apportioned from the club charge (no fee in evidence)£0m · 0%

£5m of book value sits on contracts that end this season, so it either runs off or is re-based by a renewal. 1 loan-in player carry no book value here; the parent club keeps amortising.

Book value on players whose fee is not in evidence is an apportionment of the club's filed charge, labelled MODELLED in the table. Loans do not pause amortisation for the club that owns the registration.

38 playersAnnual cost £94mAverage age 25.4Expiring 12On loan in 1Estimated wages 21Sorted by annual squad cost, highest first
  • Ryan GilesLBexpiring
    26 · EnglandModel a sale
    Annual squad cost
    £6m
    Wage
    £2m
    Annual transfer-fee cost
    £4m
    Book value
    £4m
    Contract
    expiring
  • Annual squad cost
    £6m
    Wage
    £1m-£2mest
    Annual transfer-fee cost
    £4m
    Book value
    £20m
    Contract
    5 seasons left
  • Annual squad cost
    £6m
    Wage
    £1m-£2mest
    Annual transfer-fee cost
    £4m
    Book value
    £20m
    Contract
    5 seasons left
  • Annual squad cost
    £5m
    Wage
    £1m-£2mest
    Annual transfer-fee cost
    £3m
    Book value
    £14m
    Contract
    5 seasons left
  • Annual squad cost
    £4m
    Wage
    £1m-£2mest
    Annual transfer-fee cost
    £3m
    Book value
    £13m
    Contract
    5 seasons left
  • Annual squad cost
    £4m
    Wage
    £1m-£2mest
    Annual transfer-fee cost
    £3m
    Book value
    £13m
    Contract
    5 seasons left
  • Annual squad cost
    £4m
    Wage
    £1m-£2mest
    Annual transfer-fee cost
    £3m
    Book value
    £13m
    Contract
    5 seasons left
  • Annual squad cost
    £4m
    Wage
    £1m-£2mest
    Annual transfer-fee cost
    £2m
    Book value
    £12m
    Contract
    5 seasons left
  • Annual squad cost
    £4m
    Wage
    £1m-£2mest
    Annual transfer-fee cost
    £2m
    Book value
    £12m
    Contract
    5 seasons left
  • Annual squad cost
    £4m
    Wage
    £1m-£2mest
    Annual transfer-fee cost
    £2m
    Book value
    £7m
    Contract
    4 seasons left
  • Annual squad cost
    £3m
    Wage
    £1m-£2mest
    Annual transfer-fee cost
    £2m
    Book value
    £8m
    Contract
    5 seasons left
  • Annual squad cost
    £3m
    Wage
    £1m-£2mest
    Annual transfer-fee cost
    £2m
    Book value
    £6m
    Contract
    4 seasons left
  • Robinio VazCFloan inexpiring
    19 · France
    Annual squad cost
    £3m
    Wage
    £2m
    Annual transfer-fee cost
    £0mfree/loan
    Book value
    £0m
    Contract
    expiring
  • Annual squad cost
    £3m
    Wage
    £1m-£2mest
    Annual transfer-fee cost
    £1m
    Book value
    £3m
    Contract
    2 seasons left
  • Annual squad cost
    £2m
    Wage
    £1m-£2mest
    Annual transfer-fee cost
    £1m
    Book value
    £3m
    Contract
    5 seasons left
  • Annual squad cost
    £2m
    Wage
    £1m-£2mest
    Annual transfer-fee cost
    £1m
    Book value
    £2m
    Contract
    4 seasons left
  • Annual squad cost
    £2m
    Wage
    £0m
    Annual transfer-fee cost
    £2m
    Book value
    £5m
    Contract
    3 seasons left
  • 27 · TürkiyeModel a sale
    Annual squad cost
    £2m
    Wage
    £2m
    Annual transfer-fee cost
    £0mapportioned
    Book value
    £0m
    Contract
    expiring
  • 24 · EnglandModel a sale
    Annual squad cost
    £2m
    Wage
    £1m-£2mest
    Annual transfer-fee cost
    £0m
    Book value
    £0m
    Contract
    expiring
  • Annual squad cost
    £2m
    Wage
    £1m-£2mest
    Annual transfer-fee cost
    £0mfree/loan
    Book value
    £0m
    Contract
    2 seasons left
  • Mason BurstowSENexpiring
    22 · EnglandModel a sale
    Annual squad cost
    £2m
    Wage
    £1m-£2mest
    Annual transfer-fee cost
    £0m
    Book value
    £0m
    Contract
    expiring
  • Annual squad cost
    £2m
    Wage
    £1m-£2mest
    Annual transfer-fee cost
    £0mfree/loan
    Book value
    £0m
    Contract
    2 seasons left
  • Matty JacobSENexpiring
    25 · EnglandModel a sale
    Annual squad cost
    £2m
    Wage
    £1m-£2mest
    Annual transfer-fee cost
    £0m
    Book value
    £0m
    Contract
    expiring
  • Annual squad cost
    £2m
    Wage
    £1m-£2mest
    Annual transfer-fee cost
    £0mapportioned
    Book value
    £0m
    Contract
    4 seasons left
  • 23 · FranceModel a sale
    Annual squad cost
    £2m
    Wage
    £1m-£2mest
    Annual transfer-fee cost
    £0m
    Book value
    £0m
    Contract
    expiring
  • Annual squad cost
    £2m
    Wage
    £1m
    Annual transfer-fee cost
    £1m
    Book value
    £2m
    Contract
    2 seasons left
  • Annual squad cost
    £2m
    Wage
    £0m
    Annual transfer-fee cost
    £1m
    Book value
    £4m
    Contract
    3 seasons left
  • 30 · ScotlandModel a sale
    Annual squad cost
    £1m
    Wage
    £1m
    Annual transfer-fee cost
    £0mfree/loan
    Book value
    £0m
    Contract
    3 seasons left
  • Kieran DowellAMexpiring
    28 · EnglandModel a sale
    Annual squad cost
    £1m
    Wage
    £1m
    Annual transfer-fee cost
    £0m
    Book value
    £0m
    Contract
    expiring
  • 33 · IrelandModel a sale
    Annual squad cost
    £1m
    Wage
    £1m
    Annual transfer-fee cost
    £0mapportioned
    Book value
    £0m
    Contract
    2 seasons left
  • Annual squad cost
    £1m
    Wage
    £1m
    Annual transfer-fee cost
    £0mapportioned
    Book value
    £0m
    Contract
    2 seasons left
  • Semi AjayiCBexpiring
    32 · NigeriaModel a sale
    Annual squad cost
    £1m
    Wage
    £1m
    Annual transfer-fee cost
    £0mfree/loan
    Book value
    £0m
    Contract
    expiring
  • David AkintolaRWexpiring
    30 · NigeriaModel a sale
    Annual squad cost
    £1m
    Wage
    £1m
    Annual transfer-fee cost
    £0mfree/loan
    Book value
    £0m
    Contract
    expiring
  • Annual squad cost
    £1m
    Wage
    £1m
    Annual transfer-fee cost
    £0mapportioned
    Book value
    £0m
    Contract
    3 seasons left
  • Annual squad cost
    £1m
    Wage
    £1m
    Annual transfer-fee cost
    £0mapportioned
    Book value
    £0m
    Contract
    3 seasons left
  • Paddy McNairCBexpiring
    31 · Northern IrelandModel a sale
    Annual squad cost
    £1m
    Wage
    £1m
    Annual transfer-fee cost
    £0mapportioned
    Book value
    £0m
    Contract
    expiring
  • Annual squad cost
    £1m
    Wage
    £1m
    Annual transfer-fee cost
    £0mfree/loan
    Book value
    £0m
    Contract
    2 seasons left
  • Dillon PhillipsGKexpiring
    31 · EnglandModel a sale
    Annual squad cost
    £0m
    Wage
    £0m
    Annual transfer-fee cost
    £0mfree/loan
    Book value
    £0m
    Contract
    expiring

Wage labels: reported salaries are gross fixed pay from a public source; estimated wages are bounded PSRwatch ranges capped at the club's highest reported salary. Apportioned amortisation is a share of the club's filed charge, not a reported fee.

Reconciliation to the squad-cost model£0m of wages and £27m of amortisation above the filed charge
Wages
Player rows (17 reported, 21 estimated)
£53m
Squad-cost model wage line
£53m
Unallocated: bonuses, employer NI, image rights, head coach
£0m
Annual transfer-fee cost
Player rows (23 reported fees, 7 apportioned, 8 free or loan)
£39m
Club charge (filed, grown forward)
£12m
Above the filed charge
£27m

A negative residual is not an error: contracts signed since the last filed year end amortise above that year's charge, which is exactly what a busy window does to a cost base. The squad-cost test on the Compliance tab uses the club figures.

Squad analysis

Amortisation wall: when past transfer fees stop being charged

£161m of book value still to be charged across 19 players. The charge does not halve within the contracts on the ledger. This season's £39m is 21 points of the squad-cost ratio.

Annual amortisation by season (£m)£39m2026/272 roll off£35m2027/282 roll off£32m2028/292 roll off£29m2029/303 roll off£25m2030/3110 roll off
from reported feesapportioned from the club chargeAccounting basis; no regulatory-cap column until the rule is sourced.

Contract cliff: what expires, and the wages at stake

35% of the ledger's annual cost sits on contracts ending within two seasons. Expiring wages either fall away or must be renewed; expiring book value runs off by then.

Annual wages on contracts ending each season (£m)£16m2026/2712 players£8m2027/287 players£3m2028/295 players£7m2029/304 players£18m2030/3110 players

Age profile against cost

Average age 25.4; weighted by cost, 23.9. 11 players aged 30 or over carry £13m (14% of annual cost).

Annual squad cost by age band (£m)£15munder 214 pl.£39m21-2312 pl.£20m24-268 pl.£7m27-293 pl.£9m30-329 pl.£4m33+2 pl.

Cost concentration

Top 3
19%

£18m

Top 5
28%

£27m

Top 10
51%

£48m

10 players account for half of the ledger's annual cost. Top three: Ryan Giles, Nobel Mendy, Konstantinos Tzolakis.

Loan exposure

£0m of book value is parked at other clubs across 4 loaned-out players, still amortising £0m a year here. Loans do not pause amortisation. Their wages (£7m) stay on this ledger unless the borrowing club's share is reported.

1 player borrowed this season carry £2m of wages here and no book value; the parent club keeps amortising the registration.

Every player links to a page with the full financial story (contract, wages, amortisation run-off, book value, transfer history). See the whole league on the players table. Want to test a sale or a signing against these numbers? Open the Hull City calculator.

PSRwatch is independent. Figures are unofficial estimates from public filings, transfer data and PSRwatch modelling. They are not endorsed by the Premier League, EFL, UEFA or any club.