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Neymar's move to PSG will cost the French soccer giant more than $500 million

Aug 6, 2017, 17:33 IST

Christian Hartmann/Reuters

The much-anticipated move of Neymar to Paris Saint-Germain is now done as the Brazilian football star was introduced on Friday in Paris.

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Now completed, the move is the most expensive in soccer history, and will eventually cost PSG $528 million.

Neymar's transfer fee of $263 million (€222 million) has already been paid "in full," according to the BBC. On top of that, Neymar received a five-year contract and will be paid an annual salary of $53 million (€45 million), making him the highest-paid footballer in the world.

Neymar has surpassed Carlos Tevez as the highest-paid footballer. Tevez is reportedly making $42 million per year for the Chinese Super League club Shanghai Shenhua.

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