12) Steven Gerrard (Aston Villa) – £5m a year
After an excellent start to life at Villa Park, the Liverpool legend has found it tougher going in recent weeks. After taking over in November, though, his success will be judged over the long term.
11) David Moyes (West Ham) – £5m a year
The Scotsman was actually a stop-gap appointment but he has transformed the club’s fortunes in a very short period of time, and won over the Hammers supporters in the process.
10) Frank Lampard (Everton) – £5m a year
The former Chelsea manager has returned to management in the Premier League after a year out of football. Considering the chaos in the boardroom at Goodison Park, however, Lampard has everything to lose, and not much to gain, by moving to the Toffees.
9) Ralph Hasenhuttl (Southampton) – £6m a year
The Saints have recognised the Austrian is key to the club keeping their top-flight status. With lower investment in the playing squad, they are relying on Hasenhuttl’s tactical nous to continue overperforming in the Premier League.