Barcelona will register new signing Ferran Torres following defender Samuel Umtiti concurred to take a pay cut, the club stated.
Barca stated it reached an agreement with Umtiti to lengthen his contract till 2026, narrowing part of the emolument he was due to acquire in the year and a half remaining on his contract.
“Through this contract extension, Barcelona will be able to increase its financial fair play’ quota and thus register Torres with the Spanish league,” the club stated.
Barcelona remunerated an initial fee of 55 Million Euros ($62 Million) to pen Torres from Manchester City. He signed a five-year deal with the Spanish club with a buyout clause of 1 Billion Euros ($1.1 Billion).
Gerard Piqué, Sergio Busquets, Jordi Alba and Sergi Roberto had all taken pay cuts previous year to assist the financially unsettled club.
Lionel Messi had agreed to a 50% salary depletion but it was not enough for the club to be able to let him stay, leading to his shift to PSG.
“Barcelona wishes to publicly express its gratitude to Samuel Umtiti for his willingness and the affection that he has demonstrated towards the club,” Barcelona stated.