Oscar faces huge pay cut to renew contract with Shanghai Port, says local media

BEIJING, Dec. 4 (Xinhua) -- Oscar has to accept a significant pay reduction if he agrees to sign a new contract with Shanghai Port, according to a Shanghai local media report.

The Brazilian midfielder's contract is to expire at the end of this month, and Shanghai Port has prepared a new contract for him with a seriously reduced salary, a Xinmin Evening News report said on Wednesday.

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