Cristiano Ronaldo Takes a Wage Cut And Leaves Real Madrid for Juventus

After nine years at Real Madrid, Cristiano Ronaldo is leaving the global soccer giant for the Italian Serie A club Juventus. The deal is worth at least $340 million over four years, according to forbes sources.

Based on italy's top tax rate, Ronaldo's new gross salary equates to $64 million, a pay cut from the estimated minimum $66 million he would have made this upcoming season in salary and bonus if he stayed at the Santiago Bernabeu Stadium. This lags behind the gross pay of lionel messi ($84 million)  and Neymar ($73 million), both of whom received new deals last year from their respective clubs, Barcelona and Paris Saint Germain.

No soccer plays is close to Ronaldo in terms of endorsements earning, through. With the $47 million he earns off the pitch from endorsements, appearances and licensing, he is still on track to bank $97.5 million through the upcoming season, enough to keep him the second-highest-paid soccer player in the world.

The move marks the end of a remarkable tenure for Ronaldo at the bernabeu, where the 33- year old Portuguese forward became the club's all time leading goal scorer, won four of his five Ballon d'Or awards and led Real Madrid to four Champions League titles. 

 Juventus is Italy’s most storied soccer club, but it can’t approach the scope and platform of Real Madrid. Forbes' latest ranking of the world’s most valuable soccer teams ranked Real second at $4.088 billion, a shade behind Manchester United, while Juventus ranked ninth at $1.472 billion. Real’s revenues were $735 million, compared with $442 million for Juventus.

 The move was reportedly caused by a dispute with Madrid president Florentino Perez over a new contract, with Ronaldo having fallen behind rivals Lionel Messi and Neymar in terms of playing salary. 

 Ronaldo is a one-man economy, thanks to his role as the dominant personality in the world's biggest sport. 

 He generated $474 million in value for his sponsors over the last 12 months on his social media accounts, according to data from research firm Hookit. The Nike lifer even generated $216 million in value for Adidas on social media, thanks to posts in which Ronaldo was wearing his Real Madrid uniform, which includes Adidas' Three Stripes logo. 

 Facebook is in talks with Ronaldo for an original series on its Facebook Watch platform, according to Variety. The deal could be worth as much as $10 million for a 13-episode docu-series. 

 Ahead of this transfer, Ronaldo inked a deal with the Associazione Volontari Italiani Sangue, the Italian Blood Volunteering Association. The agreement with U.S. laboratory Abbott, which has the rights to a worldwide campaign, will see that his image is used to promote blood donation throughout the country.