Kylian Mbappe signs contract with Real Madrid until 2029

Kylian Mbappe has reportedly agreed to the contract offered to him by Real Madrid. The PSG star has told the president, Nasser Al Khelaifi, that he will be leaving at the end of the season. And reports now suggest that he has an agreement in place with Los Blancos over the contract details. 

The player will receive a signing bonus worth €50 million, close to what he was supposed to receive with PSG as a loyalty bonus. But, he turned down the payment as he was set to leave the club and wanted to part ways on good terms, having spent six years with them. 

Kylian Mbappe reportedly agrees contract terms with Real Madrid 

Last time Real Madrid tried to sign the player, they had made a huge contract offer to him. But this time around, the wage offered to him is significantly lower than what was offered. It is lower than his current wage at PSG too, but the signing bonus should offset that amount given Madrid need to maintain their wage structure amidst difficult restrictions imposed by LaLiga. 

However, an official announcement will only be made later in the season when the move is close to being completed for sure. Madrid fans will be wary of believing any transfer news involving Mbappe until they see him holding up the white shirt with Florentino Perez. 

Marca reports that Kylian Mbappe’s contract with Madrid will be five years long, until 2029. The contract will pay the player a salary close that of their existing highest earners such as Toni Kroos, Luka Modric and David Alaba at €15 and 20 million net per year plus bonus for objectives. 

Right now, he is earning €32 million net per season after taxes. Moreover, his earnings through image rights could also be lower with the presence of already established stars like Vinicius Jr and Jude Bellingham already at the club.