Reports: Manchester City set to announce new 5-year contract for John Stones
According to the latest reports from David Ornstein of The Athletic, Manchester City are poised to announce a five-year contract extension for 27-year-old defender John Stones, worth 250k per week, which would commit the English centre-back to City until 2026.
Stones' current contract was set to expire next summer, and according to Ornstein, City circled the end of June as the deadline for an agreement with the defender to be reached, otherwise they would start to look at replacements in case the defender left the club. Negotiations for the new deal began in April after John Stones' stellar performances in City's title-winning campaign, earning himself his spot back in the international fold, and the negotiations were concluded before City's self-imposed cut-off date.
The result of the negotiations would be an extension for the Englishman worth £13m per season before tax, which is a significant raise on his previous deal. This new deal puts Stones into a similar bracket as Harry Maguire and Virgil van Dijk but still a way off David Alaba, Sergio Ramos, and Raphael Varane, who are believed to earn £10m per season net – according to the report.
Written by: @j2mcfc
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