The 28-year-old Brazilian left-winger joined the club on August 3, 2017, from FC Barcelona for €222 million, a world transfer record fee. He signed a 5-year deal with the club which will expire on 30 June 2022.
Neymar’s record-breaking contract with PSG earns the Brazilian €36.8 million every year. This means that the Brazil international earns about €700,000-per week at the French club.
Despite these massive earnings from the reigning Ligue 1 champions, Neymar tried as much as he could to return to FC Barcelona in the summer of 2019 but the deal did not scale through. This summer, Barcelona could not do much in their wish to get the winger back because of financial restraints caused by the coronavirus pandemic.
It is reported that the financial situation at Barcelona has gone so bad that the Spanish giants might be unable to afford a deal as huge as that of Neymar. Reports in Spain suggest that the Spanish club is trying so hard to cut down on salary to raise £170 million which is expected to keep the club afloat a little more amid the coronavirus pandemic.
Neymar’s chance of returning to Barcelona is almost impossible and the only club that can keep paying him over €700,000-per week is PSG. Hence, the Brazilian is passionately following up on the 5-year contract extension that PSG is proposing for him.
However, it is not clear whether the club will push for Neymar to accept a pay cut in the proposed long-term deal or whether Neymar who is currently out injured will push for a salary increment in the new deal. It is extremely possible for Neymar to either continue receiving his current salary or even accept a pay cut in the new deal since he has said that he wants to create a legacy at the club.
Besides accepting a pay cut (if necessary), another way Neymar is trying to write his name in the club’s history book is to win the UEFA Champions League for the club. The French club has never won the prestigious title; the club came as close as playing in the final in the 2019-2020 season but lost it to Bayern Munich.
“I’m staying at PSG next season! And with the ambition to return to the Champions League final, this time to win it,” Neymar said after the finals of the competition.
“I like the idea of doing everything to leave my name in the history books of my club.”