Diego Simeone to take a pay-cut in new Atletico Madrid contract

Diego Simeone is expected to sign a new contract with La Liga giants Atletico Madrid as his current deal expires at the end of this season.

Simeone’s agent and sister, Natalia Simeone, met with the CEO of Atletico Madrid, Miguel Angel Gil Marin to talk over a new contract for the coach.

Furthermore, both Simeone and Atletico’s board members want to reach a new agreement as soon as possible.

The Argentine is also expected to take a huge pay cut in his new contract, and according to Cadena SER, Simeone will reduce his wages by 20-30%.

The Los Rojiblancos are struggling with financial difficulties, and Simeone is currently the highest-paid managers in the world as he earns a whopping €34 million per year. Pep Guardiola sits in second place with €22 million per year.

Nevertheless, he is ready to reduce his wages, which will help the club, and he will still earn a lot of money.

Diego Simeone ready to extend his 12-year stay at Atletico Madrid

Cholo Simone is expected to sign a two or three-year deal if certain targets are met. Gil Marin is dealing with the matter personally, as his relationship with Simeone is thought to be excellent.

Simeone joined Atletico Madrid in 2011, and since then, he has transformed the club into one of the best sides in Spain. He also won the La Liga in 2014 and 2021.

Moreover, he has led them to two Champions League finals, as well as winning a Copa del Rey, two Europa Leagues, two UEFA Super Cups and one Spanish Supercopa.

He is already the coach who has won the most trophies in the club’s history, plus his new deal would also make him the longest-serving.

Simeone has developed Atletico Madrid in a league where, the likes of Real Madrid and Barcelona have always been on top, and achieving this much success around them is astonishing.