The Dons are hoping an extra £1.4m in the transfer kitty will help persuade manager Jimmy Calderwood to agree a new contract.
Speaking ahead of the club's annual general meeting at Pittodrie tonight, managing director Duncan Fraser confirmed the board have agreed to come up with the extra cash, despite debts of around £10m and average crowds this season dropping to 11,800, the lowest for four years.
Fraser said: "We have come up with an additional £1.4m, from the sale of Russell Anderson and other avenues.
"Part of it was put back in this season and the rest will be available for his use over the next three years.
"That is a guaranteed basic sum. Other money could become available if we generate extra funds through success on the pitch or maybe sell a player."
Calderwood stated he wanted guarantees he could "take the club up a level" before he would extend his contract, which is due to expire in the summer.
Calderwood confirmed he will have further talks with football director Willie Miller this week in the hope of finally ending the uncertainty over his future.
Calderwood said: "I'm off to Copenhagen tomorrow to support Atletico Madrid and won't be back until Thursday, so the talks may have to wait until then.
"But we have pretty much agreed on the personal side of the contract.
"I want to stay and they want me to stay - they know how much I love it at Aberdeen.
"We just have to discuss a few other things and we will take it from there."
Calderwood revealed striker Lee Miller, the star performer in their 3-1 SPL victory over Hibs at Pittodrie, will be the next Dons player to be offered a new contract.
Michael Hart, Jamie Langfield, Chris Clark, Barry Nicholson and Zander Diamond are already thinking over new deals.
Calderwood said: "We were trying to get the other five sorted out so we haven't made a formal offer to Lee yet, but I hope that will happen within the next 10 days.
"I've already spoken to Lee to underline how much I want him to stay. It's just a matter of Willie sorting out those other ones then getting down to discussions with Lee and his agent.
"Lee knew six weeks ago that I wanted him to extend his stay with Aberdeen, so I hope he will get that sorted out before we go into the New Year."
Announced just in time for the AGM... how coincidental.
http://www.thisisaberdeen.co.uk/displayNode.jsp?nodeId=148766&command=displayContent&sourceNode=148590&contentPK=19143630&pNodeId=148360
JIMMY GETS £1.4M KITTY
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12:00 - 03 December 2007
The Dons are hoping an extra £1.4m in the transfer kitty will help persuade manager Jimmy Calderwood to agree a new contract.
Speaking ahead of the club's annual general meeting at Pittodrie tonight, managing director Duncan Fraser confirmed the board have agreed to come up with the extra cash, despite debts of around £10m and average crowds this season dropping to 11,800, the lowest for four years.
Fraser said: "We have come up with an additional £1.4m, from the sale of Russell Anderson and other avenues.
"Part of it was put back in this season and the rest will be available for his use over the next three years.
"That is a guaranteed basic sum. Other money could become available if we generate extra funds through success on the pitch or maybe sell a player."
Calderwood stated he wanted guarantees he could "take the club up a level" before he would extend his contract, which is due to expire in the summer.
Calderwood confirmed he will have further talks with football director Willie Miller this week in the hope of finally ending the uncertainty over his future.
Calderwood said: "I'm off to Copenhagen tomorrow to support Atletico Madrid and won't be back until Thursday, so the talks may have to wait until then.
"But we have pretty much agreed on the personal side of the contract.
"I want to stay and they want me to stay - they know how much I love it at Aberdeen.
"We just have to discuss a few other things and we will take it from there."
Calderwood revealed striker Lee Miller, the star performer in their 3-1 SPL victory over Hibs at Pittodrie, will be the next Dons player to be offered a new contract.
Michael Hart, Jamie Langfield, Chris Clark, Barry Nicholson and Zander Diamond are already thinking over new deals.
Calderwood said: "We were trying to get the other five sorted out so we haven't made a formal offer to Lee yet, but I hope that will happen within the next 10 days.
"I've already spoken to Lee to underline how much I want him to stay. It's just a matter of Willie sorting out those other ones then getting down to discussions with Lee and his agent.
"Lee knew six weeks ago that I wanted him to extend his stay with Aberdeen, so I hope he will get that sorted out before we go into the New Year."