On Monday, FC Barcelona and star

Lionel Messi (1987-), Argentine footballer

A contract extension on a reduced salary has been almost finalized. According to the Spanish media, only the

Lionel Messi (1987-), Argentine footballer

of attorneys to review the contract, and

Lionel Messi (1987-), Argentine footballer

Signed in person.

Now 34 years old.

Lionel Messi (1987-), Argentine footballer

, whose old contract with Barcelona will end at the end of June. With this extension, he will sign a new five-year contract with the team, which means he will continue to play at the Camp Nou until he is 39 years old. The new contract has a €350 million liquidated damages and he will receive a generous signing bonus after the extension.

To help Barcelona pass La Liga's salary cap audit.

Lionel Messi (1987-), Argentine footballer

Agreed to accept a significant pay cut of over 50%. In the 21/22 season, the

Lionel Messi (1987-), Argentine footballer

of just €20 million a year after tax. Barcelona's salary cap will increase with revenues as the stadium opens next season, when the

Lionel Messi (1987-), Argentine footballer

Expected to get a raise for the 22/23 season.

Lionel Messi (1987-), Argentine footballer

s new contract also contains a special clause allowing him to return from his contract in the summer of 2023, and instead of claiming any compensation, Barcelona will pay a break-up fee. This tradition reflects Barcelona's respect for legendary players, which was previously honored in this way when Xavi and Iniesta left the team.

in the event that

Lionel Messi (1987-), Argentine footballer

After completing that five-year contract at Barcelona, he will face an even bigger pay cut in the latter three years. By then the 36-year-old

Lionel Messi (1987-), Argentine footballer

It may be necessary to "take a back seat". With a significant pay cut, Barcelona will have enough salary space to bring in new core players.

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