Messi to take 50% pay cut as he agrees to sign a new 5-year deal with Barcelona

Lionel Messi to take a 50% pay cut due to the club's financial struggles as he agrees to sign a 5-year contract extension with Barcelona

Barcelona and Lionel Messi have reached a preliminary agreement on the Argentine's contract extension. A five-year deal was agreed as part of the agreement. 

Although there had been a lot of conversation in recent weeks about extending for two years before beginning on a new journey in MLS with Inter Miami, both sides have ultimately understood the value in prolonging the partnership for a longer amount of time.

Leo Messi believes he has the power and energy to keep wearing the Barça shirt at the greatest level for another five years, a belief shared by the club. 

The Argentina legend, who had planned to take on new projects in three seasons, is looking forward to staying at the Camp Nou and has ruled out taking the final step to depart the Blaugrana club for the time being.

Barcelona captain has agreed to reduce his current salary by 50%. He has agreed to the terms imposed by Barça because he recognises that the club's financial situation is challenging and that he must be the first to set an example. 

Money was never an issue during the negotiations. In fact, money was never a problem in the negotiation. Yes, it was the issue of taxation, a delicate matter because neither party wants to take the wrong step.

It is currently a principle of agreement and cannot be considered definitively closed, but everything is very advanced and it would be very rare for it to go wrong. 

Now it is time for the lawyers and advisers of Barça and the player to finish polishing the details of the contract and close the last fringes, some of them important. 

In this sense, it is not expected that the announcement will be made in the next few hours because there is complexity when writing all the details. The announcement is scheduled to take place at the end of July,

Everything looks very good, although the player, who is on vacation, needs to finish reviewing everything and give his approval, which no one fears because the basis of the agreement is firm.

A 350 million euro termination clause will be included in the contract.

The arrangement Laporta negotiated with the player's father must now be drafted by the lawyers. At the same time, despite assurances, the final deal is not expected to be disclosed this week.