Reds to offer Rio £31m pay deal

Rio Ferdinand has agreed a new five-year deal with United that will make him the club's highest-paid player alongside Cristiano Ronaldo on £120,000-a week. Ferdinand and United have agreed in principle the terms of the package worth £31.2million, which will keep the England defender at Old Trafford for the rest of his top-flight career. Talks have been ongoing between United and Ferdinand's representatives for several weeks, and an official announcement from both parties is expected later this week. Ferdinand had one more year left on his existing deal and United moved swiftly to tie him down to a new contract.
David McDonnell, Daily Mirror