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John Terry to sign one-year Chelsea extension?

By , Reporter
Chelsea captain John Terry is reportedly prepared to halve his wages in order to sign a one-year contract extension.

Chelsea captain John Terry is reportedly ready to halve his wages and sign a new one-year contract with the club.

The Blues have offered the defender a fresh deal at Stamford Bridge, but want the veteran centre-back to take a 50% cut on his £160,000-a-week salary, according to the Daily Star.

Terry is said to be prepared to agree to the new terms and stay on for a further season, after enjoying an excellent campaign alongside teammate Gary Cahill.

The 33-year-old has made 646 appearances for the Blues.

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John Terry and Branislav Ivanovic of Chelsea reacts as match referee Neil Swarbrick turns down a penalty appeal during the Barclays Premier League match between Chelsea and Norwich City at Stamford Bridge on May 4, 2014
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