Tagged in: negotiations

Paris Saint-Germain beat Barcelona, Bayern Munich to Georginio Wijnaldum signing

Paris Saint-Germain have beaten Barcelona and Bayern Munich to the signing of Georginio Wijnaldum from Liverpool on a free transfer.

Wijnaldum, 30, has agreed a three-year deal with PSG after deciding to run down his contract at Anfield, which concludes at the end of June.

“Signing for Paris Saint-Germain is a new challenge for me,” Wijnaldum said. “I’m joining one of the best squads in Europe and I want to bring all my desire and commitment to this ambitious project. Paris Saint-Germain have proved how good they are in recent years and I am convinced that together, with our supporters, we can go even further and higher.”

The Netherlands international had previously reached an agreement to join Barca. His agents met with the Catalan club’s president Joan Laporta at the end of May and a medical had been penciled in.

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Barca’s interest in Wijnaldum dates back to last summer, when Ronald Koeman made him a target after being appointed as the club’s coach.

However, as first reported by ESPN on Friday, PSG made a late play to hijack Barca’s move for Wijnaldum.

Sources close to the negotiations told ESPN that the Ligue 1 side were willing to double the terms agreed with Barca, while a phone call from coach Mauricio Pochettino also helped persuade Wijnaldum to change his mind.

Bayern Munich also held talks with Wijnaldum, who informed the German club and Barca last weekend that he had decided to sign for PSG.

The midfielder becomes PSG’s first signing of the summer as they look to strengthen after missing out on the league title to Lille and a semifinal Champions League exit to Manchester City.

Wijnaldum, who is preparing for the European Championship with Netherlands, played for Feyenoord and PSV Eindhoven before making the move to England with Newcastle United in 2016 for around €15 million.

After Newcastle were relegated from the Premier League a year later, he joined Liverpool on a five-year deal for a fee of €25m.

He helped Liverpool collect the Champions League in 2019, famously scoring twice in the semifinal victory over Barca, and was part of the side which won the Premier League a year later.

During his five-year stay at Anfield, he also won the UEFA Super Cup and the Club World Cup. In total, he made 237 appearances for Liverpool, scoring 22 goals.

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Buffalo Bills restructure contract of WR Stefon Diggs

The Buffalo Bills converted more than $11.7 million of wide receiver Stefon Diggs’ base salary into a signing bonus, a source told ESPN’s Field Yates, saving the team roughly $8 million of salary-cap space.

Diggs was scheduled to make roughly $12.7 million in base salary in 2021; that figure is now down to $990,000. Buffalo, meanwhile, now has $11,084,995 in cap space, per Spotrac.

The timing of Diggs’ restructured deal comes as teams can take on less dead cap money after a June 1 trade or release — and will create some curiosity as multiple players, including Philadelphia’s Zach Ertz and Atlanta’s Julio Jones, are expected to be moved from their current teams.

It also creates more breathing room for the Bills, who have yet to sign first-round pick Greg Rousseau or third-round pick Spencer Brown.

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There’s also the matter of an upcoming extension for quarterback Josh Allen, who concluded as the league’s MVP runner-up in 2020.

Bills GM Brandon Beane has publicly expressed interest in signing Allen long term — interest Allen has reciprocated over the past year.

Beane said a deal likely won’t be done until this summer at the earliest but didn’t rule out negotiations extending into next offseason. Either way, Spotrac estimates Allen’s market value at $42.2 million per year, which would make him the second-highest-paid player in the league

Diggs, the NFL’s leader in receptions and receiving yards last season, is not the only Bills player to rework his contract this offseason. Buffalo has also agreed to restructures or pay cuts with Mitch Morse, Vernon Butler and Mario Addison.

Last season with the Buffalo Bills, Stefon Diggs had 1,525 receiving yards and eight touchdowns in the regular season. He also had 311 receiving yards and two touchdowns in the postseason.

This is the reasoning as to why some big names will get traded or drafted at this time of the calendar year. The teams that make trades for players will have large salaries, and won’t have a negative effect on their cap space.

The Buffalo Bills have been very vocal about their plans to sign quarterback Josh Allen to a long-term extension. Most specifically, to do it by the summer, before or during training camp. The Bills could also be one of the many teams interested in players like Julio Jones and Zach Ertz.

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Hamilton ready for new contract talks with Mercedes

Lewis Hamilton is ready to start new contract negotiations with Mercedes, meaning he would stay in Formula One beyond the end of 2021, and is hoping to have a new deal in place by August.

After eight years at Mercedes, the seven-time world champion signed a one-year deal over the winter, meaning he will be out of contract again at the end of 2021.

The one-year deal came as a surprise following a rushed negotiation period at the end of the year, which resulted in team and driver agreeing to start their next contract talks earlier this year.

“We never want to be in the position that we were in in January, in February [this year],” Hamilton said. “It ruined my whole winter and I’m sure it wasn’t helpful for Toto’s, in terms of being out to be off and relaxed, so it felt like we didn’t really have much of a break.

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“I think we have to be sensible. Naturally we don’t have to rush anything, but I think we have to be sensible and start conversations.

“They’re very complex, it’s never a super simple procedure and so hopefully soon we can start, as long as it doesn’t interfere the actual job.

“We still have 19 races to do, but it would be great to get something in place before the break so then we could, again, be in that break and have a clear picture of the future.”

Mercedes team principal Toto Wolff is confident Hamilton will commit to F1 for more than a single year under his next contract.

“Yes, it should be [more than a year],” Wolff said. “We don’t want to be in a stressful situation every single year where we are absolutely flat-out trying to win races and needing to negotiate. I would rather that doesn’t happen every year.

“We just need to spend a day or two together, put it out there and decide which are the difficult components.

“We will then lock the door and won’t walk out until it is sorted. That works best for us, and it has worked best for us in the past.”

At 36 years old, Hamilton stated he still feels fit enough to continue in F1 over the coming years.

“There’s still some life in this old dog!” he joked. “I would say I’m more conscious than ever about my body, about my training regime.

“I’ve been training myself for a long time now but constantly growing and learning how to look after, naturally, the vessel that I’m given and feeling great.”

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