Barca, Messi close to agreeing new contract

FC Barcelona is on the verge of agreeing a deal with Lionel Messi for the Argentinean to remain at the club for a further five years, reports the Spanish media.

Messi is currently out of contract after his last deal with the club expired on June 30th, with talks over a new deal dragging on, reports Xinhua.

The main problem with the negotiations was finding a formula that would keep Messi at the club, while ensuring his wages would not breach wage ceiling requirements imposed on Barca by La Liga.

That conundrum looks now to have been solved with Messi agreeing to a new five-year contract, with wage cut of around 50 percent on his previous deal. The player has reportedly accepted a net income reported to be in the region of 20 million euros (about 23.7 million US dollars) a year, plus a bonus for agreeing to put pen to paper.

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