It's only two minutes long and is easy to understand.
(He mentions 'no show jobs' - what the means is say I'm a city player on £2m a year but I also have another job, say chauffer for one of the Arab Princess also on £2m a year BUT the Arab Prince never needs my service!)
I've heard similar tales (don't know if they are true though) that clubs can only sign talented youths and pay them a maximum amount - to get around that they also (say) gives their mum a job as a tea lady on £10,000 per week! - I've made the details up but I think you get the idea of what I'm trying to explain).
Anyway the video -