Cristiano Ronaldo’s contract extension is ready and waiting to be signed. After several months of fluctuations in negotiations, an agreement to bind the Portugal international to Real Madrid until June 2018 is practically settled. All that remains to be ironed out are the finer points of the new contract. Florentino Pérez is expected to officially announce the new arrangement before the General Assembly on 22nd September.
The first contact between club and player came at the end of the 2011-12 season; there have been several tense moments since then – the most worrying was on September 2nd last year, when Cristiano said he “felt sad” following the most recent meeting in Florentino’s office. At that point, the player had decided not to renew and was determined to leave Madrid. But negotiations resumed at the end of last season and it was the Cristiano’s agent, Jorge Mendes who formulated a plan to change the player’s mind.
Florentino has since stated on numerous occasions that he was sure that Cristiano would continue, saying recently, “Cristiano is the best player in the world and I am sure that with him, Madrid will win their 10th European crown”.
The new deal will see Cristiano given a significant pay rise, converting him into the highest paid member of the first team squad although it is unlikely that information about what kind of salary he will be taking home will be disclosed due to a confidentiality clause in the new contract.