Barcelona: Brazilian striker Neymar has signed a five-year contract extension which includes a buy out clause of up to 250 million euros ($277.5 dollars), the Spanish club said yesterday.
The deal will keep the 24-year-old international, widely regarded as one of the finest talents in world football, at Barcelona until June 30, 2021, the club said in a statement. "The player’s buy out clause has been fixed at 200 million euros for the first year of his contract, 222 million for the second and 250 million for the remaining three years," the statement added.
The previous buy out clause was 190 million euros. The club said it will formally present the new deal in Barcelona on July 15, before Neymar joins up with the Brazilian national side for the Olympic Games.