Promoted clubs that are relegated after a single year in the Premier League "will no longer benefit from full parachute payments" from the '16-17 season, according to the PA. The change in the rules means that "the promoted clubs, Bournemouth, Watford and Norwich, will miss out on a year of parachute payments if they go straight back down at the end of next season." The parachute payments system is also changing so that the money -- at least £64M ($98M) -- "will be distributed to relegated clubs over three years rather than four." Clubs that go back down after a single year in the Premier League "will get only the first two years of payments rather than the full three years." The new rules "will not affect the three clubs most recently relegated from the top flight -- Hull, QPR and Burnley." Parachute payments "are likely to rise significantly" from the '16-17 season, however, when the new Premier League TV rights deal takes effect. The £5.3 ($8.1B) domestic rights package is 65% higher "than the current deal and the overseas rights have still to be agreed" (PA, 6/2).
