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.
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% 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."
Oyston dismisses revelations
Blackpool chairman Karl Oyston has dismissed revelations that manager Ian Holloway will receive a percentage of any transfer fee for captain Charlie Adam as "insignificant".
Holloway has said he is entitled to a percentage of any sum the club receive for selling a player he has coached.
He has, however, denied that is the reason why he and the Seasiders are holding out for a higher price for star midfielder Adam, who has attracted bids from Liverpool, Birmingham and Aston Villa this month.
Holloway has stressed that any transfer cut would compare little to the bonus he would receive for keeping Blackpool in the Barclays Premier League and for that Adam is vital.
Oyston told Press Association Sport: "This is insubstantial and insignificant and shouldn't be focused upon."