Comensation for an out going player that is under 24

I am going to lose 1 of my players soon because he wants to move to a bigger club and there are a lot of clubs chasing him. To make sure I get my compensation do I offer a contract when the first team offers him a contract. What decides how much I will get?

If he is under 24 you should get compensation whether you offer him a cotract or not, it is compensation for developing the player. How much you get depend mainly on his CA/PA stats as far as I can see, from signing a lot of youths in FM09 on frees. It should also depend on how long the player has been at the club i.e. how much developing he did (as it's a FIFA rule), but I'm not sure if that is the case in-game as I never checked that aspect. Hope this helps.

P.S. you will get £x upfront about £2x after internationals and club games and usually between 25-35% of profit on future sale (unless SI have changed the coding in the game from 09 to10). The easiest way to check is save the game, create a new manager at a big club, and offer a contract to the player, it should say on the offer screen "compensation will be £x initially, potentially rising to £y(the final full amount)". The only thing you'll miss is the future sell on fee.

All you have to do is offer him an improved contract. However Ive never got compensation for any u24 player even when this is done, they all leave on a free even though I have to pay compensation when they come in.

I think it might be broken because I did not get any money for 2 players that left and I offered them contracts.