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Barcelona’s Lionel Messi has agreed to a new five-year contract deal.
However, under the provisions of the new agreement, his salary will be slashed by 50%.
Messi became a free agent on July 1 after failing to agree to new terms before his previous deal ended on June 30.
The 34-year-old has now decided to stay at his childhood club for another five years, which means he will be 39 by the time his new contract expires, having spent a total of 26 years on the club’s books.
Messi sparked an acrimonious transfer row in August last year, when he officially informed the club his wish to activate a clause in his contract which would have seen him leave for free.
However, La Liga president Javier Tebas and Josep Maria Bartomeu – Barcelona president at the time – blocked the move, indicating that the clause was only active until June 10 and any suitor would have to pay his €700m release clause in full.