Everton's squad is divided between players who will be forced to take a pay-cut if the Toffees are relegated and those who will not have their wages impacted.
Sean Dyche's side are in serious trouble as they languish in 19th place in the Premier League table, two points from safety. Morale is low around Goodison Park, particularly after Thursday night's humbling 4-1 home defeat by Newcastle.
There are mounting fears over just how severe the financial repercussions will be felt if Everton were to be relegated from the Premier League. As per the Telegraph, officials within Everton's hierarchy started to plan with the thought of relegation in mind last summer after the Toffees survived by the skin of their teeth last term.