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Neymar's move to PSG will cost the French soccer giant more than $500 million

By Cork Gaines
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Neymar
Neymar is now the highest-paid footballer in the world.  Christian Hartmann/Reuters

The much-anticipated move of Neymar to Paris Saint-Germain is now done as the Brazilian football star was introduced on Friday in Paris.

Now completed, the move is the most expensive in soccer history, and will eventually cost PSG $528 million.

Neymar's transfer fee of $263 million (€222 million) has already been paid "in full," according to the BBC. On top of that, Neymar received a five-year contract and will be paid an annual salary of $53 million (€45 million), making him the highest-paid footballer in the world.

Neymar has surpassed Carlos Tevez as the highest-paid footballer. Tevez is reportedly making $42 million per year for the Chinese Super League club Shanghai Shenhua.

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Cork Gaines
Cork Gaines
Cork was a correspondent for Insider's sports desk.Previously, he was a contributor at MLB Trade Rumors, and he has written for Yahoo Sports, Deadspin, and The Hardball Times. He has authored chapters in three books, including "The Hardball Times 2009 Season Preview." Cork's work has been featured on ESPN's "SportsCenter" and "Mike & Mike," "Any Given Wednesday with Bill Simmons," ESPN.com, BBC, Yahoo, USA Today, Sports Illustrated, Drudge Report, the Washington Post, the Kansas City Star, the Houston Chronicle, and the Dallas Morning News, among others.He is a graduate of the University of Iowa and holds a doctorate from Fordham University.Here is a selection of his work:Under Armour hit the jackpot on its Jordan Spieth betGary Woodland once took his pants off to hit a shot and learned a funny lesson about product endorsementWe tried the alcohol diet Tom Brady put Rob Gronkowski on, and it was a lot harder than we imaginedThe University of Texas spent $7 million remodeling their football locker room and the results are jaw-droppingStephen Curry has replaced LeBron James as the best basketball player in the worldEx-NBA player who made $60 million explains what really happens to your money when you sign an 8-figure contractHere's Michael Jordan's 56,000-square-foot house in Chicago, and why it's still on the market after 6 yearsMayweather beat McGregor with a TKO in the 10th round! Here are the big moments everybody will be talking aboutPerfect conditions at Cowboys-Patriots game helped create incredible picturesWe've been using Alexa in a car for 6 months and it's the best infotainment system we've ever used.
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