French football sensation Kylian Mbappe has officially signed a lucrative contract with Real Madrid, committing to the LaLiga giants until 2029, as reported by sources in Spain.
The long-anticipated move gained momentum after Mbappe informed Paris Saint-Germain (PSG) of his decision to leave this summer when his contract with the French club is set to expire.
Marca, a Spanish publication, disclosed that Mbappe had already put pen to paper on his Real Madrid deal two weeks ago, solidifying his commitment to the Bernabeu outfit.
Record-Breaking Agreement: Madrid to Surpass £10.3m Per Season Pay
Madrid’s pursuit of Mbappe includes making him the highest-paid player at the club, surpassing the £10.3 million per season currently paid to stars Jude Bellingham and Vinicius Junior.
The Spanish club is reportedly willing to offer Mbappe a signing-on fee of approximately £85.5 million, along with negotiations on the percentage of image rights he retains.
Negotiations and Positive Response: Mbappe’s Camp Chooses Madrid
According to the Marca report, Mbappe’s representatives informed PSG not to make further offers, indicating that the player had already reached an agreement with Real Madrid.
The Spanish club, having inquired about Mbappe’s intentions in the early days of the new year, received a positive response, leading to intensified negotiations in February.
Madrid, no longer seeing Mbappe as a player they would sign at any cost, entered full negotiations to expedite the deal.
Financial Details and Earnings: Mbappe Faces Pay Cut for Madrid Move
The reported financial terms of Mbappe’s move to Madrid include an annual earning between £12 million and £17 million, along with bonuses.
This signifies a significant pay cut for Mbappe, who earned a reported £22 million annually from his previous deal with PSG. The French forward’s new contract would place him in proximity to top Madrid earners Toni Kroos and Luka Modric.
PSG President’s Plea and Mbappe’s Legacy at PSG
Amid speculation and negotiations, PSG President Nassr Al-Khelaifi expressed his desire for Mbappe to stay at the club, emphasizing it as the best fit for the world-renowned winger.
Mbappe, who joined PSG in 2017 and became a pivotal figure, scored his 44th Champions League goal recently, contributing to a total of 243 goals in 290 appearances for the club.
Tensions between the player and the club escalated in recent years, leading to disagreements on contract terms and his eventual decision to leave.
Past Controversies: Mbappe’s Strained Relationship with PSG
Mbappe’s time at PSG saw controversies surrounding his contract extension. The club had wanted him to extend beyond 2025, but disagreements led to Mbappe being assigned to train with the B team.
After refusing to sign an extension, Mbappe wrote a letter indicating his decision not to activate a year-long extension clause in his contract, prompting PSG to criticize him for inflicting “lasting paralysis on the club.”
The French star’s impending move to Real Madrid marks the end of an era at PSG, leaving a lasting legacy.