What would you do with £70,000 a day?

As LA Galaxy's "designated player" - a star name, signed to attract publicity and sponsorship - he will be paid a playing salary of $10 million per year. That is five times more than the rest of the Galaxy squad put together.

And with what he will earn through endorsements, image rights and business ventures, it has been suggested he will bring in as much as £128 million over five years.

It is undoubtedly a tremendous amount of money, but with Victoria's spending habits he may well need it.

A Hermes Birkin bag - possibly the most desirable handbag in the world - can cost £70,000. So that is what he could spend his first day's wages on.

Alternatively, it would pay for three qualified nurses at children's hospice Derian House, which cares for terminally ill children in Bolton.

At Bolton Hospice, a day's wages for David would pay for 16 months' worth of drugs, four nurses for a year, two minibuses or run the entire hospice for 10-and-a-half days.

Posh and Becks are known for their £7 million mansion in Hertfordshire, Beckingham Palace, and they will undoubtedly be looking for a similarly impressive home in America.

In Bolton, £70,000 could buy a three bedroom house in, among other places, Farnworth, Breightmet or Great Lever. And, according to OurProperty.com, the most expensive area of Bolton is The Keep, on Ladybridge Lane in Heaton, where the average house price is £685,000 - just under 10 days' wages for Beckham.

In comparison, the average house price in Los Angeles is $438,000 £220,000), with luxury homes in Beverly Hills costing an average of $898,763 (£450,000).

The subject of Beckham's move was the subject of intense attention over the past few weeks. Numerous names were bandied around as being his possible new home - with Ladbrokes putting Bolton Wanderers at 10/1 to sign the star.

But at 81p a second, the 31-year-old midfielder is too expensive for the majority of English clubs.

However, the former England captain says that he is moving to Los Angeles not for the cash, but to be "part of history".

"Of course it's a huge amount of money . . . it's an amazing amount of money," Beckham told ABC News' Good Morning America.

"I said yesterday, and some people laughed at me, but this move for me is not about the money, it's about hopefully making a difference in the US with the soccer and that's what I'm going there for."

Becks' huge wage may not, however, see him hitting the shops with renewed vigour - apparently that is Victoria's department. When asked if he would buy things that he could not afford before (although there can't be that many), he said: "I'm sure there'll be many things, but my wife controls that side."

Alternative careers for the famous couple have also been the subject of some debate, with speculation that David may be considering a move into the film world - like his friend Tom Cruise, whose wedding David and Victoria attended in November.

David has already appeared as himself in the 2005 film Goal!, the sequel to which is due to be released on February 9.

He also appears with Zinedine Zidane on the cast list of Astrix aux Jeux Olympiques, the French film where popular cartoon character Asterix and his friend Obelix become involved in the Olympic Games. It is thought that David will again play himself in the film, which is due to be released next year.

Becks says that Victoria will concentrate on her fashion career, rather than on resuming singing. Last year she published a book of fashion advice, entitled That Extra Half an Inch: Hair, Heels and Everyone in Between.

But should she fancy something a bit more risque, the Playboy Playmates have offered the former Spice Girl the chance to join them in a photoshoot.

Bridget Marquardt, aged 33, who is one of Hugh Hefner's Playmates, although she shares his affections with Kendra Wilkinson, aged 20, and Holly Madison, aged 26, says she would love for Victoria to join them on the pages of Playboy.

She said: "She should do a pictorial with us. We've got big plans for her. I think she's going to fit in fine - they're both gorgeous."

Hefner said: "I think Hollywood is gonna love him. The girls at the mansion have been taking about it and want to be sure that we put him on the party list.

"I think he will do very well here, particularly since soccer has never really caught on in America as it has in the rest of the world. He may make the difference."

If Victoria fancies a chat about her Spice Girls days she could pop in to see former bandmate Mel B, aka Scary Spice, who currently lives in Beverly Hills.

Meanwhile, Manchester United's Gary Neville has defended the huge wages paid to footballers, saying that they work hard not only on the pitch, but also off it with community projects.

David Beckham has already committed himself to helping raise youngsters' interest in football through his chain of "David Beckham Football Academies" which have been set up in cities across the world, including Los Angeles.

"I think soccer can be a lot bigger in the US," he said after the news of his deal was announced.

"From a young age kids are brought up with soccer. They're brought up with soccer to a certain age and then they seem to go into other areas.

"Hopefully that's what I'll be there for, to pass my experience on to them."