Bale Expected To Sign €10m A Year Contract
Real Madrid expect to put a release clause of €500million in any new deal for Gareth Bale. The Wales international is expected to be one of four players who put pen to paper on new deals over the coming months. Recent speculation has suggested the new deal will be worth €10million a year after tax – the equivalent of £300,000 a week gross.
But it is the size of his release fee that will open many eyes. Real will demand €500million – the equivalent of £450million at current exchange rates – before they allow him to leave. That’s double the €250million in Lionel Messi’s contract with Barcelona but only half that of Bale’s team-mate Cristiano Ronaldo.
The size of the fee is aimed at deterring would-be suitors. The most likely of those is Manchester United. The Red Devils were prepared to pay £100million for Bale in 2013 when he moved for Real Madrid from Tottenham Hotspur. He refused on that occasion having set his heart on a transfer to Madrid. United were also linked with the Wales international earlier this month.
Bale’s new contract will run to 2022.
Earlier today it was reported that Cristiano Ronaldo is expected to sign a new deal worth €23million a year after tax.
Team-mates Pepe and Luka Modric are also believed to be on the verge of signing new contracts at the Bernabeu.