According to the Times, If Hodgson leads Watford to relegation, he will receive a 7-figure bonus.
Watford officially sacked Italian Ranieri on Monday, having won just two of his 13 Premier League games since taking over Watford's manager last year, and the team has now fallen into relegation zone.
After firing Ranieri, Watford appointed veteran coach Hodgson as the new manager of the team, and both sides signed until the end of the season, with terms to extend their contracts until next season. The Times said Hodgson took over Watford for a relatively low salary, but if he could lead the team to relegation, he would receive a 7-figure bonus.
(Luke)
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