Portsmouth's rivals Peterborough cancel George Boyd's contract because of salary cap restrictions
George Boyd has left Pompey’s League One rivals Peterborough after his contract was cancelled due to salary cap regulations.
The 35-year-old forward rejoined Posh in July 2019 following his release by Sheffield Wednesday but managed just 25 appearances and one goal.
He agreed to cancel the remainder of his deal, with boss Darren Ferguson blaming the newly-introduced wage ceiling.
The Peterborough manager told the club website: ‘With the new salary cap regulations, we just couldn’t find a way of fitting George into it.
‘I want to thank George for his service to the football club. It has been an absolute privilege to manage him, he has been an outstanding professional and I wish him all the very best in the future.
‘I have absolutely no doubt that he will be a success in whatever he does. He is one of the best players I have managed and will ever manage, there is no doubt about that.’
Peterborough co-owner Darragh MacAnthony added: ‘George has been a wonderful player for this football club and has handled himself superbly throughout his time.
‘There is no question that he will be inducted into the club’s Hall of Fame for all he has achieved here.’
Boyd departs Posh on the same day that Pompey captain Tom Naylor admitted the salary cap could prevent him him from agreeing a new Fratton Park contract come the end of the season.
Meanwhile, Blues chief executive Mark Catlin has revealed the club are currently unable to extend contracts of those whose deals are set to expire next summer.
Under new guidelines approved by 16 of League One’s 24 members, clubs must now adhere to a £2.5m salary ceiling and work with a squad of 22 players, not including those under the age of 21.
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