Neymar signs five-year contract extension with Barcelona

Brazilian striker Neymar has extended his contract with Barcelona until June 2021, the Catalan club said in a statement on Friday.

The 24-year-old has a buyout clause of 200 million euros ($222.4 million) for the first year of his contract, 222 million euros for the second, and 250 million euros for the remaining three years.

[OFFICIAL ANNOUNCEMENT] NeymarJr will continue at FCBarcelona until 2021 #Neymar2021 https://t.co/kuQEY9CDiE pic.twitter.com/ASxjzWZfAa

— FC Barcelona (@FCBarcelona) July 1, 2016

Neymar, who joined Barcelona from Brazilian club Santos in 2013, scored 31 goals in all competitions last season to help Barcelona win the La Liga title.

[VIDEO] The magic of NeymarJr in his first 3 seasons at Barça. Which is your favourite? #Neymar2021 https://t.co/opt2QkLSgO

— FC Barcelona (FCBarcelona) July 1, 2016

Photo Credit: FC Barcelona