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Barca explains details of Neymar deal

BARCELONA, Spain (AP) - Barcelona offered a rare peek into the obscure world of soccer contracts on Friday. insisting Neymar's transfer cost was 57.1 million euros ($78 million) and announcing the Brazilian star will earn at least 56.7 million euros over five years.

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Team President Sandro Rosell resigned Thursday after a judge had agreed to hear a lawsuit brought by club member Jordi Cases alleging he had hid the real cost of the deal in false contracts.

New President Josep Bartomeu said Neymar's father, Neymar Silva Santos, had freed the club of confidentiality agreements and allowed Barcelona to make details public.

Bartomeu said that 40 million euros of the transfer cost went to the company N&N, owned by Neymar's parents as a guarantee that Neymar would sign with Barcelona. The other 17.1 million went to Neymar's former club, Santos.

Bartomeu said bids from other clubs had reached 100 million euros and included twice the salary Barcelona could offer.

Barcelona said Neymar would get an additional 2 million euros if he is a finalist for FIFA Player of the Year.

Neymar's deal includes a 10 million euros signing bonus and a 2.7 million euros payment to his father, who acts as his agent.

Barcelona agreed to pay 4 million euros over five years in a marketing deal to ''give incentives'' for companies who use Neymar in their advertising to include Barcelona's image in Brazil, where it hopes to reap returns in merchandising.

Barcelona agreed to pay 2.5 million euros over five years to collaborate with Neymar's charity institute for social projects in Brazil.

Barcelona signed a deal with a scouting company run by Neymar's father worth 2 million euros over five years and it paid Santos 7.9 million euros for the first right to sign or match offers for three youth players.

Copyright 2016 by STATS LLC and Associated Press.
Any commercial use or distribution without the express written
consent of STATS LLC and Associated Press is strictly prohibited.

  
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