Terry takes massive pay cut to stay at Chelsea
John Terry has signed a new, and probably final, 12-month contract at Chelsea on a third of his current salary, having received a clear message that he can no longer expect to be an automatic first choice.
However, incoming manager Antonio Conte has been instrumental in demonstrating to the 35-year-old captain (pictured) that he remains an important player for the club as he goes into a 22nd season.
Nevertheless, Terry has agreed a pay deal that will mean his wages drop from £150,000 a week to £50,000-a-week. The contract is purely a playing deal with Terry working towards his coaching badges. There is no ambassadorial role either.
"I am delighted to sign a new contract with the club," Terry said, having thought he had made his 703rd and final appearance when he was recently sent off against Sunderland.
"Everyone knows I am Chelsea through and through. I am looking forward to next season under the new manager and hopefully we can make it a successful one."
Chelsea will continue their efforts to sign a new central defender, however. (© Daily Telegraph, London)