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Firstly, with all the stories in the football world over the last 3-4 years about money-grabbing agents and their fees, perhaps it's time to incorporate it into the game? When on a contract negotiation screen, there could be a box in there with the demand of the agent and how much you want to offer him to persuade his client to sign with you. Adds another dimension - if, for example, the player requests fair wages and you can afford them but his agent asks for an extortionate fee which you cannot afford or do not agree with out of priciple, then you could call off the deal. More realistic!
Secondly, real-time negotiations. I didn't think that you had an offer accepted, offered the player a contract and then had him say whether he accepted it or not as much as a week later. So here's an idea. After having a bid accepted, have a news message/email come up on the news screen saying 'x has arrived at the ground for contract negotiations'. If he dicides he doesn't want to come before you've even offered a contract, then have a message or email after the bid has been accepted saying that the player is not interested - don't have it on the contract negotiation screen.
Once you get the message saying the player has arrived for negotiations, go to the contract screen and make the offer to him and his agent. IN REAL TIME. If he doesn't like your offer, have a little message appear at the bottom of the contract screen saying he is rejecting it and that he is either insulted and will leave, or he'd like to proceed. So straight away, in real time, offer him another deal which he'll hopefully accept. The player could actually ask for time to think about your offer, go away, and come back to you with his answer or a request for further negotiations a few days or weeks later. If he does accept, you should have the chance to conclude the deal there and then on the contract negotiation screen with the click of a button.
Yhis would be far more realistic. I was under the impression that contract negotiations and signings are mostly concluded in a few hours, whether the player accepts or rejects, although he could, as i said, ask to go away and think about it. So it would make sense to have 'real time' contract negotiations, just like FM08 has the new 'real time' substitutions.