Messi agrees to new five-year Barcelona contract, with 50% wage cut

Lionel Messi will sign a new five-year contract at Barcelona and take an incredible 50 per cent wage cut, Goal can confirm.

Messi agrees to new five-year Barcelona contract, with 50% wage cut

Messi has spent his entire career to date on Barca’s books, having initially made his debut for the club as a teenager in 2004, but dropped into the free agency pool at the start of July after reaching the end of his contract.

The Argentine won’t be embarking on a new challenge away from Camp Nou anytime soon, though, with the Blaugrana set to announce that they have tied the six-time Ballon d’Or winner down to a fresh long-term deal.

How have Barca managed to re-sign Messi?

Messi earned a staggering €550 million (£468m/$650m) over the course of his last five-year contract at Camp Nou, which equates to around €75m (£64m/$89m) per season.

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However, Barca were unable to hand the 34-year-old similarly lucrative renewal terms after exceeding La Liga’s wage limit at the end of the 2020-21 campaign .

League president Javier Tebas warned that the Blaugrana could not legally register Messi without significantly reducing their salary costs, with the likes of Junior Firpo, Jean-Clair Todibo, Carles Alena and Juan Miranda all subsequently sold to raise extra funds.

Messi has also agreed to halve his yearly earnings in order to re-sign for Barca, and Goal has learned that they will formally announce his new contract in the coming weeks after a few minor details are finalised.

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Did Messi have any other offers on the table?

Messi became available on a free transfer upon the expiration of his last deal, and it has been reported that the likes of Paris Saint-Germain, Manchester City and Inter have all shown an interest in signing the Argentina international.

A possible return to boyhood club Newell’s Old Boys was also mooted, along with a potential foray into MLS with David Beckham-owned franchise Inter Miami.

Goal understands that Messi received several formal offers, including an attractive proposal from PSG, but he ultimately decided to remain a one-club man and continue playing for Barca until 2026 – at which point he will be 39 years of age.

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