After weeks of negotiating with key figures such a s Lionel Messi, Antoine Griezmann and Ronald Koeman, Barcelona have reached an agreement with their playing squad to reduce salaries by €122 million over the next three years, the club has announced.
The Blaugrana has been forced to trim their budget after La Liga mandated a lower salary cap upon them last week, as to save the club finance which had been affected by the Covid-19 pandemic.
“Today, the parties have reached an agreement in principle that allows an adjustment to salaries for the current season,” the club confirmed Friday in a statement.
“[This is] for an amount of €122 million [in] fixed remuneration, which is added to the deferral for three years of variable remuneration from this season [onward], budgeted at an approximate figure of €50 million.
“This principle of agreement is pending ratification in the coming days by the group of players and coaches affected.
“The agreement, if it is ratified, will be a milestone of great importance to redirect the current economic situation.
“That both parties recognise the great effort that has had to be made to reach this principle of agreement, [they should] congratulate themselves for it.”