Gareth Bale Reportedly Will Sign New Contract to Stay with Tottenham Next Season

Rob Goldberg@TheRobGoldbergFeatured ColumnistMay 20, 2013

Gareth Bale has reportedly decided to end any speculation that he is leaving Tottenham by signing a new contract to stay with the club. 

Simon Johnson and Tom Collomosse of the London Evening Standard reported the news of the 23-year-old's deal:

Standard Sport understands the Wales international...has committed his future to the club with a £130,000-a-week deal and will remain at White Hart Lane next season.

It is believed, though, that the Welshman is likely to be allowed to leave in 12 months’ time should an enormous bid — in excess of £50 million — come in for him.

The Guardian's Dominic Fifield supports Johnson and Collomosse's report.

This will allow the club to retain one of the best young scorers in the league or at least secure that it will take a lot of money to take him away.

Bale finished third in the English Premier League with 21 goals this season, trailing only Robin van Persie and Luis Suarez. He also added five more goals in various other levels of competition for Spurs.

Unfortunately, the club could not compete with Chelsea and Arsenal down the stretch and ended the year in fifth place. This will hold the squad out of the Champions League for at least another year.

As a result, many organizations around Europe have inquired about Bale, hoping to bring him into a more competitive situation. According to Matt Law of Mirror Football, Manchester United had been one of the biggest suitors over the past month.

However, it is now clear that Bale will look to finish what he started with Tottenham. By keeping the forward and possibly adding some talent in other spots, the club is certainly capable of contending for one of the top spots in the EPL next season. 

It appears the rest of the world will have to look in other places this summer to acquire an elite scorer just entering his prime.