Brazil wonderkid Neymar has snubbed a move to Chelsea and agreed to sign a vastly improved contract with Santos.
The Barclays Premier League champions were prepared to pay £25million and offer the 18-year-old a five-year contract worth £55,000 a week.
But despite presure from his family and advisers to leave, Neymar felt it was too soon to leave Brazil and was shocked by the counter offer from Santos.
The Brazilians have effectively tripled his wages to £40,000 a week by doing an image rights deal with sponsors, using the same model that allowed Robinho to join the club on loan from Manchester City.
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