James Penrice's Rangers contract examined - Here's what we know

James Penrice has proven himself to be arguably the best summer signing at Rangers this season.

The 27-year-old came in to add left-back depth to Derek McInnes' squad after a difficult start.

He made his debut against St Mirren, scored and got an assist as he showed his quality from minute one.

The Scot has since proven his worth week after week for the Gers as a key part of the winning run at Ibrox.

That has seen fans forget about the absence of Tuur Rommens, which felt like a nightmare at one stage.

Penrice has installed himself as one of the most important players in the Rangers squad as we now assess what we know about his contract.

What is James Penrice's Rangers wage?

There have been waves of positive reviews coming in for the defender already this campaign.

It has made his loan move from AEK Athens look like a stroke of genius from those involved in Govan.

His work down the left has made a telling difference and has helped McInnes' side going forward and back.

That will make any penny the Light Blues spent on him totally worth it.

It is reported that Penrice earns £12,000-per-week as part of his contract in Greece and it seems that Rangers are covering that in full.

That equates to a figure in the region of £624,000 for the year, and it looks like the G51 outfit will get their moneys worth.

Will Rangers sign Penrice permanently?

There is already a desire from supporters to get the 1998-born talent tied down to a contract at Ibrox.

His early performances have been so good that it would only make sense to follow through permanently.

That is especially the case with Rangers holding a reported £800,000 buy option for Penrice.

That combines with a £400,000 loan fee, meaning that the Gers could pay a total of just £1.2million for his services.

A figure in that region would certainly feel like a bargain, even if his performances do level out at some point.

That is the sort of business the Gers need to be doing if they are to maintain their aim of winning the Premiership.

It's not always about the money, it's about getting value for money, and Penrice looks to be exactly that.