(askmen.com) - David Beckham is leaving Real Madrid to move to the Los Angeles Galaxy in a reputed ВЈ128 million deal.
The former England captain is set to sign a five-year deal with the Major League Soccer club after his contract with Real Madrid expires on June 30 this year.
The incredible deal means that David will earn just under ВЈ500,000 a week for the duration of his contract.
He said in a statement: "This week Real Madrid asked me to make a decision regarding their offer to extend my contract. After considering several options to stay in Madrid or join other major British and European teams, I have decided to join LA Galaxy."
The 31-year-old - who is married to former Spice Girl Victoria Beckham - used the occasion to thank his Spanish fans for all their support.
He said: "I would like to thank the supporters and people in Madrid who have made my family and I feel so welcome in my time here, something which has made this an extremely difficult decision to make. I have enjoyed my time in Spain enormously and I am extremely grateful to the club for giving me the opportunity to play for such a great team and their amazing fans."
Real Madrid - who signed David after he left Manchester United in July 2003 - confirmed his departure.
A statement issued by the club read: "Both parties have agreed that David Beckham will not extend his current contact."
David - who has established a soccer school in Los Angeles - is the biggest name to sign for a Major League Soccer club since the competition was set up in 1996.