Sergio Ramos is close to agreeing a new contract with Real Madrid worth a basic €8.5 million-per-year, according to Madrid-based newspaper Marca.
That is significantly less than the offer put to the Spanish defender by Manchester United, who were keen on securing his services this summer.
Ramos had reportedly told his current employers that he wanted out after not being offered a new contract, and was pushing for a move to Manchester United. The Premier League giants had one offer of around £28 million turned down, and were playing hardball over goalkeeper David de Gea, who wants to join Madrid, in the hope of securing a swap deal.
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That approach has backfired and now Ramos is close to agreeing a new contract after meeting with club president Florentino Perez - and he will do so for significantly less money he would have earned had he pushed for a move to Old Trafford.
Marca say that the contract offer put forward by Manchester United was €12 million-per-season, while his new contract will see him earn €8.5 million basic salary over five years, with a further €1.5 million based on incentives.
Of the extra €1.5 million, Marca report that €500,000 will be determined by games played and the other €1 million dependent on titles won.
That will be the final insult in what has become an unseemly saga for Manchester United, who must now be on the lookout for a new centre-back target with the new season fast approaching.
Valencia's Nicolas Otamendi has been suggested as a possible option, however his club are holding out for his full €50 million release clause before letting him leave. John Stones is another potential candidate but Chelsea currently lead the race for the Everton man having already made two offers for his services.
There is a feeling that Sergio Ramos never really wanted to leave Real Madrid and all evidence points to that. The fact that his apparent desire to leave was based around the fact he hadn't been offered a new deal always set alarm bells ringing - it's not as if that was a problem that couldn't be solved.
If it was something more fundamentally wrong then there was a chance the Red Devils could have got him, however it seems as though they have been used as part of an elaborate game.