Cristiano Ronaldo signs contract extension with Real Madrid
Last Updated: 15/09/13 2:53pm
Cristiano Ronaldo: Reported to have agreed a three-year extension
Cristiano Ronaldo has agreed an extension to his contract with Real Madrid, the La Liga giants have confirmed.
The Portugal forward will appear alongside Real president Florentino Perez at a press conference later today at the Santiago Bernabeu, where details of Ronaldo's new deal are expected to be announced.
Reports in the Spanish media suggest that the former Manchester United ace has agreed terms on a new three-year extension to his deal, which would commit him to the club until the summer of 2018.
It has also been reported that Ronaldo's salary has been increased to around 17m euros per year.
The 28-year-old had been linked with a move away from the Bernabeu following the arrival of Gareth Bale during the summer transfer window.
"He will renew his contract until 2018 and he will be the best-paid player in Spain, above Messi, on ¿17m (£14.2m) net, so we are entering a new phase of wage structures here."
The 100m-euro fee Real paid to Tottenham for the Wales winger eclipsed the previous world-record of 94m euros they splashed out to lure Ronaldo away from Manchester United in 2009.
Ronaldo has scored a remarkable 203 goals in 203 appearances for the Spaniards, helping them secure the King's Cup in 2011 and the La Liga title in the 2011/12 season.
Sky Sports' Spanish football expert Guillem Balague says that Ronaldo had agreed the extension in the summer, but wanted to wait before signing the deal.
When asked if the deal was a reaction to Real's world record signing of Bale, Balague told Sky Sports News: "Not exactly.
"He will renew his contract until 2018 and he will be the best-paid player in Spain, above Messi, on €17m (£14.2m) net, so we are entering a new phase of wage structures here.
"Obviously, there were one or two things that Cristiano Ronaldo had to make sure before he actually signed the contract, a contract that was agreed in the summer around mid-July.
Cristiano Ronaldo has agreed an extension to his contract with Real Madrid.
"Florentino Perez said in L'Equipe that Ronaldo was going to stay at Real Madrid forever and he knew it because everything had been agreed, just not signed.
"Ronaldo wanted to see two things. No.1, the submission of the club to him in the sense that he wanted to feel as important as possible as the No.1, and I think he's felt that in the last few months.
"No.2, he wanted to see Bale coming and if he was going to earn more money than him, and if Real Madrid were going to pay more money for Bale than they paid for Cristiano.
"Well, Bale will earn less than €17m for sure, but this is where it gets funny as Real have always said they paid €91m for Bale, which is less than the €96m they paid for Cristiano, but in fact they paid €101m, so they were trying to twist the truth a little so that Cristiano didn't get upset."
Balague also believes that Ronaldo was never going to join United this summer, despite 'flirting' with his former club.
"There were certainly contacts between Cristiano Ronaldo, his representatives and Manchester United, no doubt about that," he added. "And there was no doubt about the interest of Manchester United to bring Cristiano back.
"I never believed that Cristiano was going to go to Manchester United. I heard in interviews that he said Manchester United was a place where he'd like to go, he loves it there and the people love him also.
"But he felt that, to actually get the heights he wants as a player, he had to stay at Real Madrid, but he had to stay on his conditions.
"It was kind of convenient that he was flirting with Manchester United in the last year or two, but it was pretty clear to Real Madrid, and people who know Spanish football, that Cristiano always wanted to stay at Real Madrid."