Dyer has played just 18 games for West Ham since joining the club in the summer of 2007 for £6million from Newcastle.
Obviously great business for the Toon ... because he was crocked when he left ... just like the fortune we got for Jonathan Woodgate when he left the club on a stretcher.
David Sullivan (talking to the Daily Telegraph): "There is one player who hardly plays at all who might have to accept retirement.
"We have to cut some overheads, staff who are on the administration side and support staff for the team and work down the contracts we have inherited which are terrible.
"We cannot rip them up under football league rules, you are stuck with these contracts. We have to let them run down or do deals with players."