Neymar, one of the highest-paid athletes in the world, has made the surprising decision to leave Barcelona and transfer to Paris Saint-Germain. The Brazilian-born star had been playing for Barcelona since 2013 and signed a new contract in July 2016 that was supposed to keep him there until 2021. Paris Saint-Germain is paying Barcelona a €222 million buyout for Neymar.
However, Neymar’s transfer was put in jeopardy, La Liga, the league Barcelona belongs to in Spain, refused to accept the buyout clause. The league confirmed to ESPN that the “the legal representatives of the player [Neymar] came to La Liga to deposit the clause and that it has been rejected. This is all the information we can give at the moment.” That puts the history-making transfer in limbo, even though PSG paid the buyout fee.
At only 25 years old, Neymar da Silva Santos Júnior has already posted a stunning career on the world stage. He helped Brazil win its first Olympic Gold Medal in soccer at the 2016 Summer Olympics before a home crowd in Rio. During his time in Barcelona, he scored 68 goals, won two Spanish Championships, won the Champions League in 2015 and won the 2016 FIFA Club World Cup. In 2013, he was on the Brazilian National Team that won the Confederations Cup and he was named South American Footballer of the Year in 2011 and 2012.
Here’s what you need to know about Neymar’s new contract and net worth.
1. Neymar Has an Estimated Net Worth of $90 Million & Earned $37 Million in 2017 so Far
This puts him at #71 on Forbes’ list of highest-paid celebrities. The highest-paid athlete on the list is Cristiano Ronaldo, who earned $93 million.
Neymar was born in Mogi das Cruzes, Brazil and is the son of Neymar Santos, Sr., a former footballer, and Nadine da Silva. By the time he was 17, Neymar was already signed to his first professional contract and began signing sponsorship deals. Before heading to Europe, he played for Santos Futebol Clube from 2009 to 2013.
2. The Total Value of Neymar’s Transfer to Paris Saint-Germain Is Worth an Estimated €500 Million
SkyNews Sports reports that Neymar began talks with Paris Saint-Germain (PSG) in early July, but still joined Barcelona for a preseason U.S. tour. The transfer is expected to be completed by August 4.
The deal is worth around €500 million, or $593,075,000, SkySports reports. It includes a buyout clause of €222 million and a £26.8 million-per-year salary after tax. It works out to about £515,000-a-week. Barcelona confirmed the deal and said PSG will have to pay the entire buyout clause in one big payment.
Neymar’s Barcelona teammate Lionel Messi said goodbye to Neymar on Instagram. “It is a great pleasure to have shared all these years with you, my friend @neymarjr. I wish you good luck in this new stage of your life. See you tomorrow,” Messi wrote in Spanish.
3. Neymar’s First Barcelona Contract Was Worth €45.9 million, According to a Leaked Copy of His Contract
In April 2016, Football Leaks posted a copy of Neymar’s contract with Barcelona from 2013. En.AS reported that the leak revealed that Neymar signed with Barcelona for €45.9 million (about $54,433,269 in today’s money).
Neymar also took home a €8.5 million signing bonus and earned €5 million a year, with performance bonuses on top of that. The Mirror reported that the deal also had a €190 million buyout fee a club would have to pay him if they wanted him before his contract expired.
In July 2016, Barcelona announced that Neymar signed a contract extension that was supposed to keep him in Barcelona until 2021. The team probably thought that the astronomical buyout clause would keep teams from trying to get him to transfer.
Under that deal, if PSG got Neymar after last season, the club would have paid €200 million instead of €222 million. Had Neymar waited until after this season to transfer to PSG, the club would have had to pay Barcelona €250 million.
4. Neymar Was Found Guilty of Tax Evasion in Brazil, but His Fine $60.8 Million Fine Was Halved in March
Back in 2016, Neymar was found guilty on tax evasion in Brazil, with a court ruling that he failed to report earnings from his Santos and Barcelona contract, as well as deals with Nike and other sponsors. The original fine was 188.8 million Brazilian reas, or about $60.8 million.
ESPN reported in March that the fine was cut in half after Neymar appealed. He was also given the green light to give his image rights to family companies prosecutors thought existed only as ways to dodge taxes. But Neymar still faces charges of tax evasion related to his transfer to Barcelona in 2013.
There are also two other cases related to Neymar’s move to Spain. In 2016, Barcelona board members approved a €5.5 million settlement in the saga, which led to Barcelona courts clearing current president Josep Maria Bartomeu and former president Sandro Rosell of wrongdoing.
The second case is will go to trial after Neymar lost an appeal in February. In that case, Brazilian investment group DIS accused Santos and the company Neymar’s parents run of not receiving the full 40 percent of Barcelona’s transfer fee it was promised. The Association Press reported in November 2016 that Spanish prosecutors were seeking a two-year prison sentence for Neymar and a €10 million fine.
5. Neymar Bought a Rio Mansion for Over $9.4 Million in October 2016
With all his international endorsement deals and his big contract, Neymar can afford to spend money on lavish homes and toys. In October 2016, O Globo reported that he bought a mansion in Rio de Janeiro for about $9.48 million.
The mansion covers 6,265 square metres (67,435.9 square feet) and has six suites, a helipad, a gym, tennis courts and a swimming pool.
En.AS.com notes that Neymar has thrown money at other big items. In 2012, he bought a three-bedroom yacht for $4.1 million. In 2015, he picked up a private jet for $4.7 million.