Sergio Ramos, Pepe extend Real Madrid deals

Real Madrid has announced that defenders Sergio Ramos and Pepe have signed long-term contract extensions with the club.

Madrid: Real Madrid announced on Tuesday that defenders Sergio Ramos and Pepe have signed long-term contract extensions with the club.

"Sergio Ramos and Pepe have renewed their contracts with Real Madrid and are now tied to the club until 2017 and 2016 respectively", read a brief statement on the Spanish side`s official website. No details were provided as to the value of the new deals, or as to the two players` release clauses. The Madrid press first suggested that Brazilian-born, Portuguese international defender Pepe had agreed a new deal back in March which would earn him up to four million euros ($5.6 million) a year after tax.Meanwhile, reports of a new deal for Ramos, taking his annual salary from three million euros to 4.5 million euros ($6.3 million) first appeared last December. The 25 year-old had two years still to run on his previous deal, while Pepe`s contract was due to expire next summer. Bureau Report