Agreements such as the one between Holloway and his employers do not contravene any Football Association regulations.
The Seasiders boss has so far resisted all offers for Adam and admitted the bonus he would receive for keeping the club in the Barclays Premier League, with Adam's help, would top anything he could make out of selling the Scottish playmaker.
Big money: Holloway has turned down bids for his influential midfielder
Aston Villa have been knocked back and Liverpool were unsuccessful with a £4million bid.
Holloway told The Sun: 'I do get rewarded with anybody I coach and make a profit on. My chairman (Karl Oyston) looked at my record of producing players and helping players and selling them on and he wanted that at Blackpool.
'That's not what I'm (resisting offers for Adam) for. I'm on a far bigger bonus to keep us in the Premier League and Charlie Adam can help me do that.
'If you're saying I'm doing this because I'm getting 20-30 per cent of the Adam money I'll not be very happy - it's miles away, absolute nonsense.
'I bought a frustrated kid from Rangers, we bought him very wisely, and in 18 months we've gone from 16th in the Championship to 12th in the Premier League with his help.'
Blackpool chairman Karl Oyston has dismissed the revelations about the deal, saying: 'This is insubstantial and insignificant and shouldn't be focused upon.'
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