He's not worth that though. You have players twice as good playing for half of that in other leagues.
Arsenal put their kids on 40-50k a week as soon as they play a couple of league cup games.
Do you think Arsenal or Crystal Palace don't have a good knowledge of players globally? They've decided at the time that Chamakh was worth what they paid him. Who are all these players in other leagues that are twice as good and on half his wages? Lets not forget us and Liverpool were in for him before Arsenal got him. Chamakh was one of the leading strikers in Ligue 1. Theres only a select number of strikers worldwide with a CV like his.
And Arsenal do not put "their kids on 40-50k a week as soon as they play a couple of league cup games". That is simply false. And nothing like the truth.
The market doesn't dictate that. They're not going anywhere, they're already under contract and even a modest increase would see them sign on for a few additional years. There's millions to be saved and utter flops like Frimpong and Bendtner would be much easier to move on.
You would think a modest increase would work given that a lot of these guys still have 2 or more years left on their deals. But it appears that it wouldnt. Agents and players kick up a massive fuss if they are performing better than guys on much more money thatn them and either have a strop or demand a move. And so clubs usually conceed in this position. Look at guys like sterling and berahinho. Their agents have been creating all sorts of rumours once these guys started scoring some goals in the premier league.
I doubt frimpong was ever on a deal more than 10k at Arsenal. His Arsenal timeline would suggest that it would have been almost impossible for him to have received a senior deal.
And Bendtner is a different case. He was one of Birmingham's best players when he went on loan there as a teenager. Was also one of the most highly rated youth products at Arsenal. And was considered a wonderkid in his native Belgium from the ages of 15/16. The Secret Footballer even goes onto say that at a young age, Bendtner's career trajectory was no different to that of Zlatan. And by his early twenties, he was a senior Arsenal player. How many 20-23 year olds, can say they are a squad member for a genuine worldclass side? The ones that can say they are, are also on roughly 50k, when they sign their new deals. And he was so good that when he was moaning that he wasnt getting enough game time, teams like Dortmund were linked to him.
Bendtner is just a case of a player who "didnt come off". When you have a young player with the CV of a early 20's bendtner, you pay them this kind of money. ie. Nasri, Fabregas, Clichy, Walcott, Denilson, Oxlade Chamberlain, Wheelchair. Some go on to become first team regulars at Emirates Marketing Project, and others simply dont
These very average players that make up most of the bottom half teams aren't worth 30-40-50k a week. Overpaying them isn't helping anyone stay out of relegation trouble. A decent transfer strategy and more long term perspective will see clubs in a much better position than the current sack-hire-'spend lots of money replacing average players with other average players' cycle.
I agree that the current approach of rapid hiring and sacking is probably not efficient. But, i disagree that the players in the bottom half of the premier league arent worth roughly what they are getting paid. A lot those guys are foreign. And back in their respective nations, they are usually the best players. If you dont pay guys 30-50k regularly, you go the way of Blackpool, Wigan etc. This will no doubt happen to Burnley. Guys that are worth 30-50k simply wont come to those clubs. and you end up with a squad full of 10-20k players. And if you pit 30k players against 50k players, it doesnt take a genius to work out what the long term outcome will be