A breakdown of Cristiano Ronaldo's nearly $700M record-breaking contract

Cristiano Ronaldo's new contract with Saudi Arabian club Al Nassr is worth a staggering US$676 million over just two years, not including other extra benefits.

According to British media, Ronaldo's new deal is the most lucrative in sports history, surpassing his previous contract with Al Nassr, which saw him earning $200 million per year when he first joined the club in January 2023.

The new contract offers Ronaldo a basic salary of $670,000 per day, equating to $4.67 million per week or $245 million annually. Additionally, Ronaldo has been granted a 15% stake in Al Nassr, valued at about $45 million, meaning the club's total valuation is roughly $300 million, Daily Mail reported.

Ronaldo also received a $34 million signing bonus upon signing the contract, which will increase to $52 million if he remains at Al Nassr until the end of the deal.

Beyond his salary and stake in the club, the 40-year-old striker is entitled to various performance-based bonuses. These include $110,000 per goal, $55,000 per assist, with both amounts set to increase by 20% in the second year of the contract. If Al Nassr win the Saudi Pro League, Ronaldo will earn an additional $11 million, while being the top scorer in the league will bring him $5.5 million. Should the team win the AFC Champions League Elite, Ronaldo will receive $9 million, although Al Nassr will only compete in the AFC Champions League Two for the 2025-2026 season.

In addition to these earnings, Al Nassr will cover Ronaldo's travel expenses, providing him with a private jet worth $4.5 million. The club also promise to secure advertising contracts with Asian companies, which could bring Ronaldo another $83 million.

The total amount Ronaldo can earn from this contract reaches up to $676 million. This figure excludes the salaries of the 16 full-time staff members working for him and his family, which include three drivers, four maids, two chefs, three gardeners and four security guards. The cost of this staff to Al Nassr is estimated at around $1.9 million annually.

Al Nassr are owned by the Saudi Arabian Public Investment Fund (PIF), which also controls three other major clubs: Al Hilal, Al Ittihad and Al Ahli. According to Reuters, PIF holds assets worth over $900 billion. The ownership group has expressed concern over the possibility of Ronaldo leaving Saudi Arabia once his current contract expires at the end of this month.

Given Ronaldo’s status as the face of Saudi football, Al Nassr have invested heavily to retain him.

The club officially announced the extension of Ronaldo's contract on June 26, just one day after agreeing to terminate the contract of coach Stefano Pioli. A few weeks earlier, the club fired CEO Majed Al-Jamaan, and the future of football director Fernando Hierro remains uncertain.

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