Terry signs new 1-year deal with Chelsea

 Chelsea captain John Terry ended speculation over his future bysigning a one-year contract extension with the Premier League club on Tuesday.Terry is said to have turned lucrative offers from foreign teams to extend his stay atStamford Bridge after agreeing a deal that will reportedly pay him in the region of£175,000-a-week. The 33-year-old, who is a product of Chelsea's youth academy and made his debut in1998, has been handed the contract after a superb individual season with the Blues,which saw him return to peak form following the return of boss Jose Mourinho,after losing his place under interim manager Rafael Benitez last term.It was initially claimed Terry would have to take a substantial pay cut to extend hisspell at Chelsea into his 17th season as a member of the first team.Talks appeared to have stalled late in the season, leaving Terry in the dark over hisfuture.But Mourinho had recommended that Chelsea offer Terry a contract extension and,after negotiations resumed last week, he has been rewarded for strongperformances as the Blues finished third in the league and reached the Champions League semi-finals."I'm delighted to have signed an extension to my contract with Chelsea taking meinto my 20th year with the club," Terry told Chelsea's website."I'd like to thank the fans and club for their continued support, and the managerwho was instrumental for me the last season."Chelsea's recently adopted club policy is to offer one-year deals to players in their30s upon the expiry of their current agreements and, while the player had originally asked for a two-year commitment, he has accepted a shorter arrangement on termsthat will still leave him as one of the best paid defenders in the English top-flight.Chelsea chief executive Ron Gourlay added: "We are very pleased John, who is anundoubted Chelsea legend, will continue to lead the team next season, as he hasdone for so many years with unrivalled achievement."Both Chelsea and John have been clear throughout that we wanted his outstandingcareer at the club to continue, and it is important the matter has been concluded sosoon after the end of the season, allowing us to look forward to and plan for 2014-15."Terry, who joined the club age 14, has played 621 games for Chelsea, scoring 57goals, and has been captain on 490 occasions.He has won three Premier League titles, the 2012 Champions League, the 2013Europa League, five FA Cups, two League Cups and the Community Shield.Terry, who made 47 appearances this season, enjoyed such a successful seasonalongside Gary Cahill that there was talk he might make himself available forEngland duty.Terry retired from international football in the wake of the Anton Ferdinand racesaga and after twice being stripped of the England captaincy.But last month he ruled out the possibility of an England return and wasn't namedin Roy Hodgson's squad for the tournament in Brazil. With Terry's future resolved, attention will now turn to Frank Lampard and AshleyCole -- fellow Chelsea legends who are also out of contract during the close-season.A similar deal to Terry's is said to be on the table for England midfielder Lampard,though it remains to be seen whether Mourinho's desire to retain Cole, who thisweek retired from international football after being left out of England's World Cupsquad, is recognised by the club's board. Source: AFP