I've got 6 months notice and I'm nowhere near as big an asset to my company as players are to football teams.
Directors here are 12+ months.
1-3 months notice periods in the UK are minimum requirements rather than fixed across the board.
If fees were dropped, players would have at least 12 months notice and they'd have to accept it if they want to sign and earn the money.
The question if fees are dropped would be "where does the money go?"
Teams generate hundreds of millions. If it's not being spent on fees, what is it being spent on? Will wages go even more insane? Or will the outrageous costs passed onto us, the paying fans, be reduced?
If teams aren't pissing £100m away on shite players, can they afford to earn £100m less and ultimately reduce ticket, merch and subscription costs?