Philip Simpson has been placed on the transfer list by Glentoran

Glentoran's title-winning squad faces a 10% reduction in wages next season, BBC Sport understands.

Cost-cutting at the Oval also means there will no bonus for the players if they retain the JJB Premiership crown.

Philip Simpson, Jason Hill, Ryan Berry, Philip Carson and Jamie McGovern have been placed on the transfer list in an attempt to cut the wage bill.

BJ McMenamin and Peter Steele have been released while Colin Nixon and Dean Fitzgerald have yet to re-sign.

Defender Simpson was voted young player of the year by the Northern Ireland football writers in 2006.

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