(AGENDAWATCHDOG) – Juventus have become the first Italian club to launch their own salary cap, effectively ruling themselves out of the race for Paul Pogba.
From next season, the Serie A giants will hand out contracts worth a maximum of €9million (£7.9m) a year, which works out at around €173,000 (£151,000) a week.
The move, according to Turin-based newspaper Corriere di Torino, is to ensure the club’s ‘financial solidity’ in the wake of the coronavirus crisis.
Italy has been hit particularly hard by the pandemic, with Serie A officials still waiting on government approval to restart the season despite clubs being told they can return to team training on May 18.
Juve’s new salary cap will not affect contracts which are currently running, meaning the likes of Gonzalo Higuain, Paulo Dybala, Aaron Ramsey and Adrien Rabiot, who all earn more than the 2020-21 limit, will continue earning their usual salaries.
The agreement also doesn’t apply to the club’s star man, Cristiano Ronaldo, who is seen as an extraordinary case even at the age of 35. The former Real Madrid forward earns almost €600,000 (£522,000) a week at Juve and has another two years left on his current deal.