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I realise that we're not allowed to know details of the contract but if we take it at face value that it's a Free Transfer with bonuses only to be paid when certain conditions are met then it seems a reasonable punt. If Vale is plagued by injury then we are unlikely to have to pay out any of the bonuses (appearances, International call ups, goals etc.) except maybe the promotion to the Premier League one.
I remember when Berbatov signed for Man Ure very very late on deadline day 2008 and the headline on the back page of a well-known red top paper was: Gimme Gimme Dimi at Man U After Midnight.