A new report claims that Everton’s decision to terminate the contract of Jean-Philippe Gbamin could now set them back millions.

What’s happening at Everton at the moment?

The Blues picked up their first Premier League point of the season on Saturday lunchtime, drawing 2-2 away to Sheffield United in an entertaining contest. While far from a perfect result, especially having taken the lead at Bramall Lane in the first half, there were still positives to take from the game, suggesting that further improvements will be made after the international break.

In terms of finally adding some attacking prowess, signing Arnaut Danjuma on loan from Villarreal and bringing in Beto permanently from Udinese, the summer has been fairly successful, but there have also been concerns about allowing players to leave without proper replacements lined up.

Some current players, such as Demarai Gray, have recently expressed dissatisfaction with his lack of playing time under Sean Dyche, while another individual’s time at Goodison Park has come to an end, according to a new update.

What’s the news on Jean-Philippe Gbamin?

Jean-Philippe Gbamin: Everton midfielder avoids surgery after suffering  knee injury in training | Football News | Sky Sports

According to Football Insider, Everton’s decision to pay Gbamin off is going to be a huge hit to Farhad Moshiri’s pocket:

“Everton have paid a high seven-figure sum to terminate the contract of Jean-Phillipe Gbamin, sources have told Football Insider. It was announced on deadline day last Friday by the Merseysiders that the club had agreed with the midfielder to terminate his contract with immediate effect.

“Gbamin, 27, was in the final year of his Everton contract, which ran until June 2024.” The club attempted to sell him during the summer transfer window but were unable to do so despite a low asking price of £5 million.

Everton ultimately decided to cut their losses by paying off a large portion of Gbamin’s contract, which was worth more than £100,000 per week. According to one report, the ultimate cost was a high seven-figure sum. Everton terminate Jean-Philippe Gbamin's contract - BBC Sport

Gbamin has been something of an afterthought for Everton, having signed from Mainz in 2019 and making just eight appearances. He’s been loaned out to both CSKA Moscow and Trabzonspor, indicating that other Blues managers don’t think much of him, and it makes complete sense to get rid of him.

It is senseless to maintain unwanted players at Goodison Park, especially when they might potentially undermine team spirit, therefore it is encouraging to see the club act quickly in releasing the 27-year-old. Of course, it is a financial hardship for Moshiri, but it is occasionally essential.

Gbamin was once praised by former Everton boss Rafa Benitez for “training well” during their time together at the club, but it is about the best praise he has earned, which speaks much about his lack of impact in a Blues shirt.

The 17-time Ivory Coast international will undoubtedly be remembered as a tremendously disappointing purchase by Everton, given that there were rather high expectations of him when he joined and he cost £25 million, and it is important that similar errors are avoided when it comes to incomings moving forward.