From the start, Remiqz has always been using financial data such as salaries and transfer values in its models, as one of the few football data companies in the market. Now, we have stepped it up and developed a new salary model for all players in Europe, based on a Machine Learning algorithm.
The basic principle is that the computer estimates the salary of the player, based on multiple factors influencing a player’s salary, such as:
• Euro Player Index (History, Present & Future)
• Euro Club Index
• The country of the player’s club
Subsequently, the model checks the outcome against the latest known data in our database. Based on how far apart they are, the model tries to predict the salary again. This process repeats itself multiple times for every player. As a consequence, we can make the most accurate and up-to-date predictions. Needless to say, that it is very interesting for both football clubs and player agents to know what a player’s salary in the current market would be! As of now, Remiqz is going to use this model for all its clients.
It is important to emphasise, however, that these predictions are based on the current statistics of a player, not on what they actually or on speculative information revealed on the internet.
To get back at the questions in the introduction:
1. This is what the current payroll of Manchester United should look like:
2. This should be the average salary in the Bundesliga and other high-level competitions:
3. The best paid player in the “Spor Toto Süper Lig” should be: