Neymar signs contract extension with Barcelona

Oct 21, 2016 | 11:30 AM

BARCELONA, Spain — Barcelona forward Neymar signed a three-year contract extension on Friday, tying him to the Spanish champion until 2021.

Barcelona announced Neymar’s agreement to the terms of a new deal in July.

The new deal includes a buyout clause that increases from 200 million euros ($217 million) in its first year, to 220 million euros in the second year, to 250 million euros in the third year.

The 24-year-old Neymar joined Barcelona from Brazilian club Santos in 2013.