Corinthians' deal with Memphis, the figures and total cost
After intense negotiations that were at one point considered “over,” Corinthians officially announced the contract renewal of Dutch forward Memphis Depay.The new deal runs until July 31, 2028, and...
Corinthians recently announced a new contract with Dutch forward Memphis Depay, extending his stay at the club until July 31, 2028. The total cost of the agreement is approximately R$ 135 million, including R$ 7.7 million for marketing activities. Memphis will receive around R$ 103.7 million in net fixed amounts over 24 months.
The salaries and image rights portion of the contract will cost the club R$ 79 million, including labor charges such as FGTS, vacation pay, 13th salary, income tax, and fees. Marketing expenses have been reduced from R$ 15.4 million to R$ 7.7 million, with the club seeking commercial partners to cover these costs through the use of Memphis' image.
A significant aspect of the new deal is the renegotiation of overdue amounts from Memphis' first contract, signed in September 2024. The original debt of R$ 77 million has been reduced to R$ 42 million net, to be paid in four semiannual installments of R$ 10.5 million starting in January 2027. This debt settlement will cost the club R$ 56 million, accounting for exchange-rate conversions and charges on old bonuses.
Memphis has also agreed to forgo certain perks from his previous contract, including housing assistance and individual team bonuses. The cancellation of housing assistance, which previously covered a monthly allowance of R$ 250,000 at the Rosewood hotel, saves the club R$ 6 million over the two years of the contract. Memphis' new deal replaces individual bonuses with the club-wide performance bonus known as "bicho."
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