Barcelona has confirmed cutting the wages of the team by €122 million (£110m/$146m) over the next three years.
However, the Catalan club has agreed to pay €50 million (£45m/$60m) per season in wage packets. The club is suffering losses due to Covid-19 and after La Liga instructed to give lower wages, in order to recover some of the finances. The club has negotiated salaries of players like Lionel Messi, Antoine Griezmann and manager Ronald Koeman.
“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.”