Sebastian Giovinco (Finally) Signs His Contract Extension With Juventus

Danny PenzaSenior Writer IOctober 17, 2008

One of the most highly publicized contract negotiations in years has come to an end...finally.

No more rumors of a transfer to Arsenal or being included in a package to acquire a big-time player in the transfer market. No more talk about not playing because of a contract dispute. No more gossip because of a contract.

Yes, Juve fans, you can now officially throw fist pumps as midfield starlet Sebastian Giovinco has signed a two-year contract extension to keep him in Turin through 2013.

"I'm happy to wear the black and white jersey for the next five years and I hope I can stay here even longer," the midfielder stated on the team's official website. "I'm from Turin, I've always been a Juve fan and, apart from last season, I've always played here."

The biggest issue with Giovinco, his agents Claudio Pasqualin and Andrea D'Amico, and the Juve board was the amount of money that the Italian U-21 No. 10 would earn per season. With his new contract, Giovinco is reportedly going to make close to €1 million per season with the likelihood of the value of his yearly salary rising every season.

"Today's agreement is the final act of a serious and fair negotiation. A good compromise between Juventus' interests and the player's expectations was found and I believe that both parties ought to be pleased," said Juve Director of Sport Alessio Secco."This extension is in line with our aim of putting young elements in the team, but high quality ones."

Also, after signing his hew contract, Giovinco now has one of the longest contracts Juve team along with goalkeeper Gianluigi Buffon and midfielder Momo Sissoko, who are also signed through 2013.

"I started out at Juventus when I was eight and today, with this agreement, a new phase of my career begins: my responsibilities increase, as do expectations about me. Now I have to apply myself and try to make the Club and the fans, whom I’ve always felt very close to me, happy.

"I want to be a Juventus player for life."