Alan Pardew will be appointed the new Crystal Palace manager after the club agreed a compensation package with Newcastle. Pardew will sign a four-year contract, worth in the region of £2million-per-season, after agreeing to return to the club he joined as a player in 1987. The two clubs settled on a fee to free Pardew from his Newcastle contract, which still had six years left to run. The original release figure was set at £5million, but with Palace unwilling to the meet that price, a lower fee was agreed. A figure of £2m has been quoted, but Newcastle insist the fee was higher. Pardew had made it clear to Newcastle owner Mike Ashley, who is in Barbados, that he wanted to return to Palace and the Toon chief agreed to compromise.
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Alan Pardew will be the new Crystal Palace manager
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Newcastle and Palace have thrashed out a £2million compensation deal
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Pardew will sign a four-year deal worth up to £2m a year
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Mike Ashley has been considering Pardew's future from his holiday home
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The Newcastle owner is currently on holiday in Barbados
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Pardew did not address the press after 3-2 win against Everton
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He played for Palace from 1987 until 1991
Instead the @placeholder owner, who had an excellent relationship with his manager, appears content with the current squad.