A tribunal has heard that The Cobblers must pay a package worth up to £70,000 for midfielder Giles Coke, signed from Mansfield Town in the summer. Coke, who hasn’t appeared for the Cobblers as yet, rejected Mansfield’s contract offer but because he is under the age of 24, a fee had to be decided.
The Stags initially demanded £175,000 for the midfielder but we refused to meet that valuation initially. The tribunal package has now been decided with £15,000 being paid immediately and another £15,000 due by January 2008.
£40,000 will be added to the cost based on appearances at a rate of £10,000 for each ten appearances that Coke makes up to 40. Mansfield Town were also awarded a 20% sell on clause for the player.
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