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Youth vs professional contract


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Can someone please explain the differences? I Googled and searched the forums but I couldnt really find a definitive answer.

I have a regen that has 5 star PA. He has a youth contract that expires 2021, $325 p/w. He is now eligible for a professional contract. If I offer him a contract, the maximum amount of time is until 2021, however he is asking for 1k p/w with a whole bunch of bonuses.

Why would I want to offer him a professional contract? I already have him tied down until 2021 on the youth, and I won't have to pay so much...

What would the difference be if he was on a profeasional contract vs. his current youth contract?

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