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Gareth Bale extends Real Madrid contract to 2022; to earn more than Cristiano Ronaldo

Football Soccer – Real Madrid v Legia Warszawa – UEFA Champions League – Santiago Bernabeu stadium, Madrid, Spain, 18/10/16 Real Ma ...

Football Soccer - Real Madrid v Legia Warszawa - UEFA Champions League - Santiago Bernabeu stadium, Madrid, Spain, 18/10/16 Real Madrid's Gareth Bale celebrates after scoring a goal. REUTERS/Sergio Perez
Football Soccer - Real Madrid v Legia Warszawa - UEFA Champions League - Santiago Bernabeu stadium, Madrid, Spain, 18/10/16 Real Madrid's Gareth Bale celebrates after scoring a goal. REUTERS/Sergio Perez

(Reuters) - Wales international Gareth Bale has extended his Real Madrid contract until 2022, the Spanish club said on Sunday.

Bale joined Real for a then world-record fee of 100 million euros ($110 million) in 2013 and has won two Champions Leagues and a King's Cup in three seasons with the La Liga club.

The 27-year-old winger, whose previous contract ran until 2019, has made 135 appearances in all competitions since he joined the club, scoring 62 goals.

"Real Madrid C. F. and Gareth Bale have agreed to the extension of the player's contract until June 30, 2022," the club said on its website. (www.realmadrid.com)

According to the Guardian, Gareth Bale will earn more than Cristiano Ronaldo and will become the highest-paid player in world football. The website stated that negotiations have been taking place for quite sometime now and they have agreed to give him a massive pay rise.

Bale's agent Jonathan Barnett reached an agreement with Madrid representatives and agreed upon weekly wages of 600,000 pounds. The Welshman will end up earning 350,000 after tax which is around 50,000 pounds more than 288,000 pounds Ronaldo earns after his tax cut.

His release clause is also set at 1 Billion pounds which is around the same figure as Ronaldo’s clause. Bale becomes the 4th player after Luka Modric, Lucas Vasquez and Toni Kroos.

($1 = 0.9107 euros)

(Reporting by Simon Jennings in Bengaluru, editing by Nick Mulvenney)

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