That is exactly £99,999 a week more than I would pay him.
Seriously though, he is lucky I don't run the club, because if I did, and he demanded that amount of money, I would hire Jonny Wilkinson to drop kick him and his agent out of the Emirates.
Now don't get me wrong, it would be good for Theo Walcott to stay at the club. But not at that money. And I'm glad Arsenal aren't bowing to his demands.
The thing is we are in a catch 22 situation. People will say Arsenal are mad to pay him that kind of money if we do and on the other hand people will say we are a selling club (again) if we get rid.
Personally I'd like him to stay.
However I wouldn't be too gutted if he left as long as he was replaced PROPERLY and not with some 13 year-old Spanish left-back we stole from Real Betis who Wenger tries to convert into a right-winger.
To be fair Arsenal have to take a lot of the blame for this situation. To have yet another player run into the last year of his contract is diabolical.
It seems we haven't learnt the lessons from the past and we can't keep making the same mistake. Either we have to tie players down to a 100 year-long contract or we have to incorporate a dead-line of some sort.
A player entering the last year of his contract should be put in a room with Beth Ditto and Frank Lampard told to sign a new deal or be eaten. It's that simple.
Either that or be sold by the end of June.
If Theo goes I'd be disappointed but not devastated. He isn't worth £100,000 a week and if that is what he wants then I suggest he goes elsewhere.
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Keep It Goonerish........