Barcelona have confirmed that Sergio Busquets and Jordi Alba have both agreed to pay cuts, which will allow the club to register new signing Sergio Aguero for the 2021/22 La Liga season.
Barca have been battling La Liga’s salary cap restrictions this summer, even after the departure of Lionel Messi, who was their highest earner.
Gerard Pique was the first of the club’s four captains to take the reduction so Barca could register some of their new signings in time for their opening game.
UEFA Nations League - Finals
Busquets, Spain slam offside rules following Mbappe winner
Busquets and Alba, who are also captains along with Sergi Roberto, have now followed.
A statement from Barcelona said: “The salary reductions for Sergio Busquets and Jordi Alba, two of the four first team captains, signed this Tuesday have allowed FC Barcelona to achieve two objectives: the registration of Sergio Aguero with the Spanish Football League (LFP) and to extend the club's limit with regards to financial fair play regulations.
“Sergio and Jordi Alba have agreed to changes in the financial terms of their contracts which included a wage reduction for this season and the deferment of payments for the remaining years.”
Barcelona president Joan Laporta confirmed earlier this month that the club is £1.15 billion in debt after years of mismanagement.
Speaking about his decision to reduce his wages, Pique said: “'It's what had to be done.
'I’d also like to have Mbappe!’ - Barca boss Koeman on Real Madrid's pursuit of French star
“Because of a timing issue I had to be the first one so we could register the players. The captains have always intended to make the adjustments needed by the club. We are proud of this decision.”
Aguero will not be able to play for Barcelona until at least October due to a calf injury.
The 33-year-old joined as a free agent this summer from Manchester City but has not featured for the club yet.
UEFA Nations League
Classy Spain end 10-man Italy’s record run to progress to Nations League final
UEFA Nations League
'Nobody understands Enrique's choices' - Why Spain is divided ahead of Italy clash