The limit was at €671m last season and has now been set at €382.7m, a fall of €288.3m.
The total wage limit for all 20 La Liga clubs is €2.33bn, down €610m on last season.
Barcelona's La Liga-imposed wage cap for the 2020-21 season down to €382.7m, a huge fall of €288.3m on last season's €671m limit
— Samuel Marsden (@samuelmarsden) November 17, 2020
Each club already knew theirs, but La Liga have released the figures today for reasons of transparency.
The COVID-19 pandemic has had a massive impact on the figures available to each club, with Barcelona harmed more than anyone else.
💥 ÚLTIMA HORA | @LaLiga hace públicos los límites salariales de los equipos para esta temporada
1⃣ @realmadrid 468,529 millones de euros
2⃣ @FCBarcelona_es 382,717
— El Partidazo de COPE (@partidazocope) November 17, 2020
“We still have excess spending of about €500m because clubs can’t move on players with contracts,” he said. “An exercise has been made to reduce salaries. The most affected in Spain are Valencia, Barcelona and Real Madrid.
“The bigger the club, the more it will be affected. It’s going to be difficult for players to join in the winter market.”
Tebas’ words have been reflected in the figures – last summer there was a 66% reduction in player purchases compared to the summer of 2019.
Featured image courtesy of ESPN.