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Corinthians Reverses Decision and Signs Memphis Depay to Two-Year Deal

The club's oversight council approved the renewal after Depay agreed to a sizable pay cut and the board reworked finances.

Overview

  • Corinthians announced on Tuesday that it will keep Memphis Depay under contract until mid-2028 after reopening talks that followed an earlier decision not to renew his deal.
  • The club said Depay accepted a substantial reduction in his wage demands to make the two-year agreement affordable under the team's revised budget.
  • Depay publicly accused Corinthians of breaking a prior agreement when the club first announced the non-renewal, and a segment of supporters staged protests and threatened club leaders in response.
  • President Osmar Stabile told reporters the Conselho de Orientação voted to approve the new terms and media reports citing ESPN put the contract value near US$25 million plus performance bonuses.
  • Depay is due to rejoin the squad to complete paperwork and his availability for Corinthians' upcoming Copa Libertadores match remains unclear, a development that could affect the team's short-term plans and fan tensions.