Frank Lampard: Major League Soccer's next Six Million Dollar Man.
According to Sports Illustrated's Brian Straus, Lampard's contract covers the second half of this season, plus all of next season:
The Chelsea legend, who is spending the 2014-15 English Premier League season with Manchester City, will earn an annual base salary of $6 million according to the terms of the 1.5-year NYCFC deal he signed in January, a source with knowledge of the contract told SI.com.
Lampard’s wages will be pro-rated this season. He’ll then earn the full $6 million in 2016, as well as a marketing bonus.
Lampard, who will turn 37 in early summer before his New York arrival, will be one of the oldest players in Major League Soccer upon his league debut.
At the prestigious six million dollar mark, Lampard would join the likes of Michael Bradley, Jozy Altidore, and future New York City teammate David Villa.
Designated players' wages do not affect a team's salary cap number-- under MLS roster rules, teams may pay up to three DPs as much as they are willing.