No he means the tv money from the sky and BT deals make not getting in the champions league less of a blow to the club financially and in that respect he's right.
Don't get me wrong I think it's deplorable that he's essentially boasting that he's under no pressure, and that the only pressure he was under for years was to get top four (although undeniably in some seasons in that time, it was a big achievement).
Let's be fair he's hardly the only manager to change the goalposts to turn underachievement into success. Certain diminutive Portugese gentleman did that this season.
But yeah the guy is essentially saying I delivered for the club for years, so they owe me.