The Premier League is overhauling its parachute payments system in a move that will affect clubs that are relegated after a single season.

Promoted clubs that last only one term in the top flight will no longer benefit from full parachute payments, as of the 2016-17 campaign.

As part of the overhaul, the Premier League will distribute the money to clubs over the course of three years, rather than four.

However, clubs that are relegated after a single season will receive only two years of payments.

This means that Bournemouth, Watford and Norwich City will miss out on a year of bonuses if they go back down at the end of next season.

The shift will not affect Hull City, Queens Park Rangers and Burnley, who were relegated during the 2014-15 season, with all three clubs receiving the full amount over four years.

Parachute payments are expected to increase in the 2016-17 season due to lucrative Premier League TV rights deals, with clubs relegated after one season receiving broadcast revenue over two years rather than three.

Clubs in the Championship, League One, and League Two will benefit as a result of this, with the Premier League able to hand down higher solidarity payments and plough more investment into grass-roots football.

"The Premier League and our clubs are committed to sharing a significant amount of revenue for the development of football outside of the League," PA quotes Premier League chief executive Richard Scudamore as saying.

"The increase in solidarity payments to Football League clubs across seasons 2016-17 to 2018-19 is an important part of that, as is our continued support for community facilities, sports participation programmes and other groups and projects."

It is yet to be confirmed how much the lower-league teams will receive in solidarity payments as the final value of the broadcasting deals for 2016-17 could increase further when overseas rights have been agreed.