Kylian Mbappe’s highly anticipated move to Real Madrid is finally confirmed. The 23-year-old French forward will officially join the Spanish giants on July 1st, 2024, after his contract with Paris Saint-Germain expires. While labeled a “free transfer” due to the lack of a transfer fee paid to PSG, the move comes with significant financial implications for both player and club.
Despite the absence of a formal transfer fee, Mbappe’s acquisition will be one of the most expensive in Real Madrid’s history. This is primarily due to his current status as the highest-paid footballer in Europe, with a staggering €200 million annual salary at PSG, as reported by The Athletic.
While Mbappe will reportedly accept a pay cut to join Real Madrid, he is still expected to become the club’s highest earner. As per BBC Sport, he will sign a five-year contract at the Bernabeu worth a total of €225 million. This includes a €15 million annual salary and a whopping €150 million signing-on bonus, paid in installments. Additionally, Mbappe will retain a significant portion of his image rights, further bolstering his financial package.
Therefore, while the transfer itself may not involve a traditional transfer fee, the overall cost associated with Mbappe’s arrival at Real Madrid is substantial. His high wages, signing bonus, and image rights retention create a unique financial structure for this high-profile move.