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Chelsea's £300m wage bill will be slashed next season because of their failure to qualify for the Champions League with some stars' salaries to be cut by 30% amid growing discontent in the squad

Chelsea's failure to qualify for next season's Champions League will cost players millions in wages.

The Blues' elimination from this season's competition at the hands of Real Madrid on Tuesday night means the two times winners will miss out on playing in European football's elite club tournament for the 2023/24 campaign.

Following their arrival last year co-controlling owners Todd Boehly and Clearlake Capital implemented an incentivised pay structure to player contracts linked to Champions League qualification that would see their wages fluctuate depending on whether they were playing in the competition.

It was a significant change from the ownership era of Roman Abramovich, who only rewarded players for winning trophies.