SMG602 WEEK 9 EXERCISE

1. Under slide presentation 7 and 8, “Basic Legal Terms to Know”. Select only one term and then
please find any articles or news that relate towards that terms and please explain and elaborate
based on your article that relate towards the “Basic Legal Terms to Know”.

A contract is a legally binding document between at least two parties that defines and governs
the rights and duties of the parties to an agreement. A contract is legally enforceable because it
meets the requirements and approval of the law.

In football, a contract will include a basic salary, signing-on fees, loyalty fees, objectives based
on games, sub-agreements for image rights and any clauses you may wish to negotiate. Players'
contracts in the NFL are not guaranteed by default, unlike in the NBA or MLB. When an NFL
player signs a contract, he usually gets some guaranteed money, but that money is usually in the
form of contract bonuses, especially signing bonuses. The article tells According to newspaper El
Mundo, which cited a copy of the deal, Lionel Messi, the famous striker with FC Barcelona,
would earn more than 555 million euros ($674 million) from his current contract with the top
Spanish soccer side. El Mundo reported the six-time winner of the sport's highest honour, the
Ballon d'Or, had the most costly contract in sports history, according to a redacted version of the
document posted on its website. Salary, marketing rights, and a variety of other bonuses and
incentives are all part of the package.
Lionel Messi’s Contract With Barcelona Worth
$674 Million: Mundo
By 
Andrew Davis
 and 
David Hellier
January 31, 2021, 9:20 PM GMT+8

Figure 1: Lionel Messi Photographer,LLuis Gene

Lionel Messi, the superstar striker with FC Barcelona, will earn more than 555 million euros
($674 million) from his current contract with the top Spanish soccer team, newspaper El Mundo
reported, citing a copy of the contract.

El Mundo, which published a redacted version of the document on its website, said the six-time
winner of the sport’s top honor -- the Ballon d’Or -- had the most lucrative contract in sports
history. The compensation includes salary, marketing rights and a series of other bonuses and
incentives, the paper said.

The four-year deal runs through the end of the current season. Messi spent much of the off-
season agitating to be released from his contract before ultimately continuing to play what is
likely his last season with Barcelona.

Barcelona said in a press release that it played no role in leaking the contract to El Mundo and
said it planned to take legal action against the newspaper.
“FC Barcelona expresses its absolute support for Lionel Messi, especially in the face of any
attempt to discredit his image, and to damage his relationship with the entity where he has
worked to become the best player in the world and in football history,” the statement said.