Posted September 15, 2013

Cristiano Ronaldo signs huge Real Madrid contract extension

La Liga
Cristiano Ronaldo's new contract will make him the world's highest-paid soccer player.

Cristiano Ronaldo’s new contract will make him the world’s highest-paid soccer player. (Alberto Saiz/AP)

Cristiano Ronaldo will be tied to Real Madrid for at least the next five years after signing a new contract with the club, the AP reports. Real Madrid has not disclosed financial terms of the deal, but The Independent reports Ronaldo will earn around $23 million per year.

Ronaldo’s current deal with Madrid wasn’t set to expire until after the end of next season, but multiple reports indicated that a renegotiated contract with the Portuguese was in the cards after Madrid’s record $132 million purchase of Gareth Bale. The former Tottenham attacker signed a six-year contract with the club that pays him in the neighborhood of $13 million per year, more than Ronaldo’s old deal — something that may not have sat well with the club’s previous top earner.

Both Bale and Ronaldo scored in the Welshman’s Real Madrid debut yesterday, a 2-2 draw with Villareal.

1 comments
brs386
brs386

" The former Tottenham attacker signed a six-year contract with the club that pays him in the neighborhood of $13 million per year, more than Ronaldo’s old deal — something that may not have sat well with the club’s previous top earner."

Ronaldo's contract expired in 2015, meaning that after this season, he would have one season left before he could leave on a free transfer, it would be unrealistic to think Real Madrid would let that happen after having paid 94 million euros after his transfer from Man U. Real Madrid and Ronaldo were having conversations on this contract before Bale was ever realistically in the picture. Contracts of this magnitude aren't done in a matter of days, since you seem to want to suggest that he signed it as a result of the Bale signing. Given the high rate at which top earners in Spain pay in taxes, roughly 50%, Ronaldo will make 42 million euros a year, but after tax, he'll make a clean 21 million euros which is the figure being reported.

Hopefully when Messi signs his new contract, likely paying him figures close to what Ronaldo will make, you'll also report:

"The former Santos striker (Neymar) signed a five-year contract with the club (Barcelona) that pays him in the neighborhood of 15 million euros per year, more than Messi's old deal - Something that may not have sat well with the club's previous top earner."

Give me a break.