Millions have been spent bringing in new talent from far and wide, but despite Pardew telling us the future is bright, another crop leave.
Shola Ameobi is heading out, but he (and Steven Taylor) are the only success stories to come through the ranks in more than a decade.
The problem is not only Pardew's - a whole host of Newcastle managers have failed - so isn't time to look for the failings?
Rotherham United hope James Tavernier will follow pal Conor Newton in signing a permanent deal at the club.
Newton yesterday joined Rotherham on a three-year deal after Newcastle United decided against offering him a new contract.
Tavernier – who is on loan at the League One club, along with another Magpies youngster, Haris Vuckic – helped persuade Newton that Rotherham was the place for him to start the next chapter of his career.
Newcastle are willing to let the 22-year-old leave in the summer as they look to clear out a number of fringe players.
Newton, admitted he was disappointed to leave St James’s Park, but is excited by the fresh challenge.
He said: “I’m disappointed to leave Newcastle but can’t wait for a new challenge. I can’t wait.
“I have to thank everybody at Newcastle United and St Mirren for the opportunity.
“This club is definitely going in the right direction whether in the Championship or League One it isn’t a major thing for me because I’m just looking forward to playing with Rotherham in the New York Stadium.”