Lionel Messi agrees to a contract extension with a 50% wage reduction - Barcelona | Zilgist

Lionel Messi agrees

According to skysports, Lionel Messi agrees to a contract extension with a 50% wage reduction., Last summer, Lionel Messi came close to leaving the Nou Camp after submitting a transfer request, but he could only go if his €700 million release clause was satisfied by another club; Argentina forward’s income will be cut in half under conditions of a new contract.

Lionel Messi has verbally agreed to a five-year contract extension with Barcelona, with his pay set to be cut by half under the new conditions.

After failing to reach an agreement on a contract renewal before his previous Barcelona deal ended on June 30, the six-time Ballon d’Or winner became a free agent on July 1.

Messi had previously led Argentina to the Copa America title with a 1-0 triumph against hosts Brazil in the final, ending his quest for his first major international prize. Lionel Messi agrees to a contract extension with a 50% wage reduction.

The 34-year-old has decided to stay with his childhood club for another five years, making him 39 by the time his current contract expires, bringing his total time with the club to 26.

In August of last year, Messi triggered an ugly transfer controversy when he formally notified the club of his desire to exercise a provision in his contract that would have allowed him to go for free

However, La Liga president Javier Tebas and Barcelona president Josep Maria Bartomeu rejected the transaction, stating that the clause was only valid until June 10 and that any suitor would have to pay the whole €700 million release clause.

“The president always told me that I could stay or go at the end of the season, and now they’re clinging to the fact that I didn’t say anything by June 10, when it turns out that the La Liga season was still going on at the time, and we were in the midst of this virus and illness that threw the entire fixture calendar off.”

“And it’s for that reason that I’ve decided to stay at the club.” I’m staying now because the president said the only way out was to pay the €700 million release clause, which is impossible.”

Messi wanted to hear his successor Joan Laporta’s intentions before making a decision about his future, thus Bartomeu resigned in October.

Manchester City and Paris Saint-Germain have been the front-runners for his signature. Messi also hopes to play in Major League Soccer one day.

Barcelona Lionel Messi’s contract expires, making him a free agent | Video

Q&A with Lionel Messi: How can Barcelona afford this deal?, Lionel Messi agrees.

Why did Barcelona offer such a long-term deal?

“The rationale for the five-year contract is because Messi is expected to play for the next two years, but it’s a lengthier contract to ensure that he remains tied to the club as an ambassador.”

However, there is speculation that he might leave the club after two years while still getting paid.

“It’s a method for Barcelona to pay over a five-year period.” That’s one of the reasons he was able to take such a large cut of approximately 50%.”

Will a 50% salary cut be enough for Barcelona?, Lionel Messi agrees to a contract extension with a 50% wage reduction.

“It’s possible, but they’ll still have work to do. Messi has been persuaded to remain for quite some time, but one of the reasons they haven’t been allowed to register him is due to La Liga restrictions.

They have stringent financial controls in place, and you can’t register new players until you’ve satisfied their requirements.

“They have a lot of pay to get off their books, and they’re still working on it.

It’s why there have been rumors that they may make a swap trade with Atletico Madrid’s Saul Niguez and Antoine Griezmann.

It would free up some of Griezmann’s exorbitant salaries so that Messi could be paid.