Sports Minister Richard Caborn is working towards introducing a cap on footballers' wages throughout Europe - and about time.

Caborn, also chairman of the European Sports Ministers also wants controls on agents and an investigation into money laundering in football.

He told the Daily Express today "There's no point in English football earning £1.4bn from TV contracts when most of it goes on players' wages. We need to have restrictions on salaries and controls on agents."

We all know the money in the game is a joke. How can somebody earn more in season than most will earn in a lifetime for playing 90 minutes of football every week?

I'd love to play football and get paid for it and if you ask me how players should be paid I'd say we take it back to the good old days of performance related pay.

Every Premiership player gets a set basic, for this example let's say £3,000 a week (£156,000 a year). Then based on where your team finishes in the league determines what player bonus is paid out. So if you win the Premiership each player gets £300,000 and the team in second get £200,000 and the team in third would get £100,000.

It could be that the team in 6th got an extra £50,000 per man and it drops down to the bottom three teams, that got relegated, get nothing.

There are lots of ways it could be managed, but it's not a bad example. If you tell me I could more than double my annual income by finishing winners there is going to be much more incentive to work hard and play to win - right now how do you incentivise a player who has just earned £100,000 that week and has no real interest in the club or league he is playing in?

It wouldn't just stop at the league - you'd also get bonuses based on how far you got in the League and FA Cup. Many say the passion has gone from the FA Cup - you put a salary cap in place and every player in the team that wins it gets an extra £500,000 you'll soon see the passion back in the tournament.

The clubs can also be given a budget to pay out each week on individual player bonuses like scoring bonus or clean sheet bonus - as long as the bonuses are worked out and controlled to be fair I see no reason why it shouldn't work.

We all know the amount of money these players get paid is too much but when nobody sets a control nobody can be blamed and quite honestly if somebody offered to triple my money to go and sit on the bench at Chelsea I'd accept it.

It's a tricky thing what Richard Caborn wants to do but it's the right thing. There are lots of way a cap can be introduced and we only have to look to the States to see how successful it has been. My only concern is that we still have players earning millions each year as that seems to be the problem. We need to get the passion back into the English game and we can't do that when a player is earning huge amounts of cash - where is his incentive?