Home Football Kylian Mbappe Signs Real Madrid Contract, Agrees to Pay Cut to Become Highest-Paid Player

Kylian Mbappe Signs Real Madrid Contract, Agrees to Pay Cut to Become Highest-Paid Player

Football — 02/20/2024

Kylian Mbappe Signs Contract with Real Madrid, Set to Join in 2029. According to reports in Spain, French superstar Kylian Mbappe has officially signed a contract with Real Madrid, agreeing to a deal that will keep him at the LaLiga club until 2029. Speculations about Mbappe’s move to Madrid have been circulating for years, and the rumors intensified after he informed Paris Saint-Germain (PSG) last week that he would be leaving in the summer as his contract is set to expire.

He informed PSG he would leave this summer after president Nasser Al-Khelaifi made several attempts to get Mbappe to re-sign

The next six months will be a busy one for Mbappe with the Euros and Olympics coming up before his expected move to Real Madrid

Marca has reported that Mbappe finalized the deal two weeks ago, demonstrating his firm commitment to joining the Bernabeu outfit. It was previously reported that Real Madrid is willing to make Mbappe the highest-paid player at the club, surpassing the £10.3 million per season paid to Jude Bellingham and Vinicius Junior. However, the latest report suggests that Mbappe will have to accept a pay cut.

Mbappe would link up with the likes of Jude Bellingham and Vinicius Jr if his move is confirmed

As part of the agreement, Real Madrid will pay a signing-on fee of approximately £85.5 million and engage in discussions regarding the percentage of his image rights that Mbappe will retain. The report also states that Mbappe’s camp instructed PSG not to make any further offers to keep him at the French club, as he had already reached an agreement with Madrid.

Madrid are ready to make the World Cup winner the highest-paid player in their squad

Madrid had previously reached out to Mbappe’s representatives at the beginning of the year to confirm his intentions to join the club after negotiations between the two parties the previous summer. Mbappe responded positively, prompting Madrid to pursue the deal further. The club no longer saw Mbappe as a player they wаnted to sign at any cost, considering they already had Vinicius Jr and Bellingham, whom they regarded as two of the best footballers in the world.

If the move is confirmed, Mbappe is expected to earn between £12 million and £17 million per year at Real Madrid, along with additional bonuses. This would require a significant reduction in his earnings, as he reportedly earns around £22 million per year from his current lucrative deal with PSG.

In May 2022, Mbappe agreed a contract extension to stay with his hometown club until 2025

While PSG’s president, Nassr Al-Khelaifi, expressed his desire for Mbappe to stay at the club, stating that it is the best fit for him, it appears that the French forward’s decision to leave has been final. Mbappe joined PSG in 2017 on an initial loan deal from Monaco before the transfer was made permanent for a staggering £155 million.

In the coming months, Mbappe will be busy with the European Championship and the Olympics before his anticipated move to Real Madrid. During his time at PSG, he has scored an impressive 243 goals in 290 appearances for the club, including his 44th Champions League goal last night.