Bale new deal 2016

The "Bale Out" deal, also known as the "New Deal" for Gareth Bale, was a contract extension signed by the Welsh winger with Real Madrid in October 2016.

Here are the key details of the deal:

• Length: 5 years, until June 2022
• Salary: The deal reportedly increased Bale's weekly wage to around €15 million (approximately £12.7 million), making him one of the highest-paid players in the world at the time.
• Release clause: The contract included a release clause of €1 billion (approximately £850 million), which meant that if a club wanted to sign Bale, they would have to pay that amount to trigger the clause.
• Performance bonuses: The deal included performance bonuses, which could increase Bale's earnings by up to 20% depending on his individual and team performances.

The "Bale Out" deal was seen as a significant coup for Real Madrid, as it ensured that one of their key players would remain at the club for the long term. However, the deal has been criticized by some for its perceived value, with some arguing that Bale's performances have not justified his massive salary and release clause.