The four-year deal was signed in 2017 and will end this June when the 33-year-old will be able to leave for nothing.
El Mundo, who published the details of the contract under a headline which says it will ‘ruin Barcelona’, say the combination of fixed salary, image rights, variables and the tax that Barcelona have had to pay on the contract will rise to €555,237,619.
Lionel Messi’s Barcelona contract is set to cost the cash-strapped club a whopping £492m
The figure was revealed by Spanish paper El Mundo, outlining Barcelona’s financial woes
MESSI’S MASSIVE CONTRACT – THE BIG NUMBERS
£491,732,285 – signed in 2016, it is the biggest contract in sporting history
£122m – earns every season in guaranteed gross salary
£102m – takes home for renewing his contract in 2017
£69m – picked up a ‘loyalty bonus’ for staying at the Nou Camp
£452m – amount he’s already earned from the contract with five months left
Messi has been guaranteed €138m (£122m) a season in gross salary according to the leaked contract.
He earned a ‘renewal fee’ of €115m (£102m) for accepting the contract and is said to take home €79m (£69m) each year in a ‘loyalty’ bonus for staying at the Nou Camp.
The report from El Mundo goes on to claim that Messi still has five months left on his current deal and has already earned an eye-watering £452m (€511m) so far.
The Spanish newspaper put both his normal contract and image rights under the microscope before breaking down where certain variables were met since the 2017-18 campaign.
As a part of his current deal, Messi earned an added variable of £523,778 (€591,422) for winning FIFA’s Best Player award, which he scooped during the 2018-19 campaign.
The Argentine is also guaranteed a whopping £3.1m (€3.5m) if Barcelona in the Champions League – something the club hasn’t achieved since 2015.
In total, the jaw-dropping £492m total makes Messi’s contract the biggest in sports history, beating the likes of Patrick Mahomes’ £402m 10-year deal with the Kansas City Chiefs and Canelo Alvarez’s £292m five-fight deal with DAZN.
El Mundo leaked the player’s contract (left) on Sunday, which will likely infuriate Messi’s camp
The Catalonians are in financial trouble due to the pandemic and have asked banks for help
The club has tried to secure a loan of €100m tied to the future sale of star players
The full details of Messi’s contract, with sensitive details retracted, featured on the front page in Spain today, which will likely infuriate Messi’s camp.
The leak will also further destabilize Barcelona as the club stumbles towards elections originally planned for last week but now postponed until March 7 because of the coronavirus.
BIGGEST CONTRACTS IN SPORTING HISTORY
- Lionel Messi: £492m
- Patrick Mahomes: £402m
- Mike Trout: £341m
- Canelo Alvarez: £292m
- Bryce Harper: £264m
It comes days after the club published their financial report for 2019-20 which revealed a gross debt of €1.2billion (£1bn).
That debt includes a short-term debt of €720m (£638m), €266m (£236m) of which is owed to various banks and financial institutions and needs to be paid before June 30.
One creditor is Goldman Sachs, an important long-term financial partner in the club’s planned €800m redevelopment of the Nou Camp.
Catalan newspaper El Periodico reported last week that the club was trying to secure a further loan of €100m (£89m) tied to the future sale of players.
Barcelona need to refinance their debts to avoid having to change the structure of the club, allowing private investors to inject money in return for a degree of control.
This post was first published on DailyMail.