Arsenal's move comes in the wake of Leeds United's very public money problems which effectively forced the club to sell Rio Ferdinand to Manchester United to repay £15m on their hefty borrowing.
Payment of win bonuses is a traditional reward in the English game and Arsenal's decision to end it signals their desire to be more frugal.
Clubs such as Chelsea, Spurs and Sunderland, who pay a bonus based on final League position, may begin to reconsider their incentive schemes.
The Premier League pays more to clubs the higher their final standing, and in most cases some of this bonus is then passed on to the players.
Salaries at the top of the English game are generous, but with spiralling wage bills swallowing up clubs' finances, performance-related pay is likely to become a bigger issue.
A massive reduction in transfer spending is indicative of the more cautious attitude in the current financial climate. Even Arsenal have scaled down their summer purchasing, with just three new arrivals at Highbury at a total cost of £6.2m.
