Jurgen Klopp's immense new salary at Red Bull has been revealed after the former Liverpool manager agreed to become the energy drink giants' 'Global Head of Soccer'.
The 57-year-old left his post at Anfield back in May after a successful nine-year spell in charge, having led the Reds to Champions League and Premier League triumphs.
He had been enjoying his time off, stating that he didn't want to take up a coaching role and needed a rest after making his decision at the start of the year.
However, it was confirmed on Wednesday that the German had agreed a deal with Red Bull from January 1 making him responsible for the international network of all football clubs under the brand's umbrella - including Leipzig, Salzburg and New York Red Bulls.
With Klopp finding himself in a top role at one of the largest brands in the world, speculation has been mounting as to how much he will be raking in and Sky Sport Germany reporter Florian Plettenberg has now shed light on his contract.
Jurgen Klopp's immense new salary at Red Bull has been revealed after his shock switch
It was confirmed on Wednesday the German had agreed a deal with Red Bull from January 1
The 57-year-old left his post as manager of Liverpool back in May after a successful nine year spell in charge
The former Borussia Dortmund boss will pocket between £8.3 million and £10m annually at the Austrian beverage company.
Remarkably, it still marks a wage cut from his Liverpool days with the German reportedly having been on £15million a year towards the end of his spell in charge.
The eye-watering wages are not the only perk of Klopp's hefty new deal.
In the wake of his shock move, it was reported that the iconic manager did not have a break clause in his contract for a potential switch to become boss of the national team.
But it is now believed that Klopp has a verbal agreement in place permitting him to leave Red Bull if an offer he likes comes in. It seems, however, that only the Germany hotseat would be tempting enough for him to ditch the energy drink brand.
The ex-Liverpool manager is tied down to Red Bull for five years, making a snappy move to replace Julian Nagelsmann in charge of Die Mannschaft less likely.
It is no secret that the body is keen on the popular manager, with its director Rudi Voller previously revealing: 'If Julian Nagelsmann were to decide at some point that he would rather coach a top club again – then of course there is no way around Jürgen Klopp. If he wants to.'
In his new position, the German will be required to advise the clubs on coaching matters, playing philosophy, development and transfers of players and head coaches.
Speaking about his new role, Klopp told the Red Bull website: 'After almost 25 years on the sideline, I could not be more excited to get involved in a project like this.
The role will require Klopp to be responsible for the international network of all Red Bull football clubs - including Leipzig, Salzburg and the New York Red Bulls
It is now believed that Klopp has a verbal agreement in place permitting him to leave Red Bull and replace Julian Nagelsmann (pictured) in charge of Germany if the opportunity arises
The ex-Liverpool manager is tied down to Red Bull for five years, making a snappy move less likely
'The role may have changed but my passion for football and the people who make the game what it is has not. By joining Red Bull at a global level, I want to develop, improve and support the incredible football talent that we have at our disposal.
'There are many ways that we can do this front using the elite knowledge and experience that Red Bull possesses to learning from other sports and other industries.
'Together we can discover what is possible. I see my role primarily as a mentor for the coaches and management of the Red Bull clubs but ultimately, I am one part of an organisation that is unique, innovative and forward looking. As I said, this could not excite me more.'