Colback, 29, has not been included in Newcastle’s Premier League squad and now that transfer windows have closed across the UK and Europe, he looks set to stay put at St James’ Park until at least the winter.
Douglas claimed via a Q&A session on the Chronicle’s website on Wednesday [02:30pm] that the Magpies will see the January window as their last chance to cash in on Colback and will be ready to let him go on the cheap.
“He’s out of contract in the summer so NUFC will listen to low offers in January,” he said.
It would not be at all surprising if this happened but it also would not be a shock if Newcastle and Colback were to come to an agreement to cancel his contract so that he can be freed up to join a new club as a free agent. One issue is the money that Colback is on. According to statistics website Spotrac, the former Sunderland midfielder earns £35,000-a-week on his deal at St James’ Park and it could cost Newcastle a fair bit in cash to terminate his contract early. Waiting until January, accepting a low offer and then selling him could work out to be a cheap option for the club, even though it may be worse for Colback’s career as he now has a few months of not being able to play any first-team football. Colback should have been willing to take a pay cut to move down to the Championship. He did well on loan at Nottingham Forest last season and there surely would have been takers for him if his wages were affordable.