Real Madrid has reportedly signed the most lucrative kit deal in soccer history, agreeing to a sponsorship with adidas worth $1.2 billion, far surpassing the Spanish club's current $59 million a year deal. Reports suggest the contract will run from 2020 to 2030.

The $1.2 billion figure is also Real's guaranteed amount, as the team could receive as much as $170 million per year with merchandising. Real Madrid has been sponsored by adidas since 1998.

On to how this compares, Real rival Barcelona currently has a deal in place with Nike worth approximately $95 million a year, while the Premier League's Manchester United is the second highest-paid adidas club at $97 million per year.

Hit the comments to let us know your thoughts on Real Madrid's new adidas partnership.

Just last month Mexican professional boxer Canelo Álvarez signed the wealthiest deal in sports history worth $365 million-plus.

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