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Not sure, it depends... but it is much more than a 'sign on fee' of a player extending their contract. If the club break their model to pay Stephens a sign on fee to compete with other clubs vying for his signature then you then have a problem with the rest of the squad expecting that or just...

Maybe not £7m but it is well known that in lieu of a transfer fee, large sign on fees will be given to players out of contract.