Lionel Messi will be out of contract from next month.
The Barcelona talisman is yet to put pen to paper on a new deal as he is out of contract at the Camp Nou from next week.
The economic structure of the wage bill needs to be changed if the club plan on giving Lionel Messi a contract extension.
The club’s wage cap was reduced from €671million in the 2019-20 campaign to €382.7million for last season
La Liga chief Javier Tebas explained cited by ESPN: ” Barcelona have exceeded their wage cap.
“I hope they can keep Messi, but to do so, they will have to make cuts elsewhere.”
The league boss added: “The severity of the situation depends on the resources they are capable of generating.
“Barca have to restructure their debt. If they manage that, the situation won’t be serious.
“But they have taken their wage bill to the limit. And when football has coughed — or, better put, punctured a lung — they haven’t wanted to absorb that loss of income. They must take measures.
“Of the €700m losses [across La Liga], half of it is for Barcelona. There are other big clubs that have made a bigger effort to avoid it. Real Madrid have made a commendable effort to ensure their losses aren’t the same as Barca, who take the trophy for losses.”