There is currently widespread speculation surrounding the Dutchman's future, with the club's new minority shareholder Sir Jim Ratcliffe said to have drawn up a 10-man shortlist of potential replacements.
Ten Hag has managed to guide the Red Devils to another FA Cup final, but the team are currently seventh in the Premier League table, 16 points behind fourth-placed Aston Villa, albeit with two games in hand.
As a result, a spot in next season's Champions League is highly unlikely, and according to ESPN, absence from the European competition will see Ten Hag's salary cut by 25%.
The report claims that ex-Ajax head coach currently earns in the region of £9m a year, so the reduction would see his salary reduce to approximately £6.75m.
Man United 'still planning for Erik ten Hag to remain in charge'Despite the team's struggles during the 2023-24 campaign, it is understood that the club are still planning to have Ten Hag in charge at the start of next season.
The Dutchman could deliver more silverware this term, with the Red Devils set to face Manchester City in the final of the FA Cup at the end of May.
However, more poor performances and results in the final stages of the Premier League campaign could lead to a rethink, with the team's next two league fixtures against the bottom two Sheffield United and Burnley.
Jason Wilcox has been brought in as the club's new technical director, and Ten Hag has said that he is looking forward to working with the 53-year-old at Old Trafford.
Should Man United stick with Erik ten Hag?Man United's collapse in the latter stages of
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