Cristiano Ronaldo and Real Madrid announced a five year-year deal on Sunday worth a reported 17 million euros per year ($22.5 million per year), making him the highest-paid soccer star in the world. The contract keeps him with the La Liga club until 2018.
The deal also ends speculation that the 28-year-old Portuguese star would return to Manchester United, whom he played for before joining Real in 2009 following a then-record transfer fee.
“It's a very special day for me,” Ronaldo said on Sunday. “I'm very grateful above all to the president and to my fans who always support me. It's for them that I will continue on here until what could be the end of my career.”
“Everyone knows that I was at Manchester for six years, and it was a club that gave me many, many things. But Manchester is the past. Now my club is Real Madrid. It's my home, my family, and I am really happy here,” Ronaldo said.
Despite Ronaldo's prolific scoring numbers (204 goals in 203 games), the club hasn't been able to wins its 10th European Cup, but the team did win one Spanish League title in 2011-12.
Sunday's deal comes just weeks after Real announced another massive signing. On Sept 1, the club agreed to a record 132-million transfer with former Tottenham star Gareth Bale.