Barcelona has reached a preliminary agreement with Argentine star Lionel Messi to renew his contract with the Blaugrana for a period of 5 seasons and reduce his annual salary by 50 percent, according to what was reported today, Wednesday, by the newspaper “Sport” close to the Catalan club.
The newspaper pointed out that the final details of the contract renewal will be announced at the end of July, adding that the penalty clause for rescinding the contract is 350 million euros.
“Sport” indicated that Messi agreed to reduce his annual salary, in recognition of the difficult financial situation that Barcelona is currently experiencing.
Messi is currently spending his summer vacation in Miami after winning the Copa America with his country, Argentina.
It is noteworthy that Messi became a free player after his contract with Barcelona expired at the beginning of this month without renewing it.