Bale sign new Madrid deal
Bale has signed a new deal which will pay him £150m over the next six years in salaries and bonuses.
His contract extension is till 2022,Real Madrid confirmed on Sunday that the Wales international, 27, has committed his future to the club he joined in September 2013 for a then world-record transfer fee of £85m.
Negotiations over an extension have been ongoing for several months between Madrid and Bale’s representative Jonathan Barnett, with an agreement eventually reached a few weeks ago. It is understood that the new contract is worth more than £600,000 a week before tax with the buyout clause set at €1bn (£900m) – believed one of the biggest ever signed in the history of the sport.
That is the equivalent to around £350,000 a week after tax, more than the estimated £288,000 Madrid pay his team-mate Cristiano Ronaldo. Negotiations over a new deal for the Portuguese have not yet been finalised.
He has gone on to make over 130 appearances for Los Blancos, while netting 62 goals including 50 in La Liga.
“Real Madrid CF and Gareth Bale have agreed to the extension of the player’s contract, which is linked to the club until 30 June 2022”-Real’s official website read.
Madrid have been looking to tie down their leading players as they also fight a Fifa transfer ban for breaching rules governing the transfer and registration of players aged under 18.
— Real Madrid C. F. (@realmadrid) October 30, 2016