Premier League: Raheem Sterling agrees new five-year contract with Liverpool

Youngster Raheem Sterling has reached an agreement in principle with Liverpool over a new contract. The 18-year-old player is expected to put pen to paper on the five-year deal before Christmas. Sterling is currently on a £2,000-per week youth contract but once the new deal is signed he will see his earnings jump to around £30,000 per week. Sterling has won his first England cap this season and also established himself in Liverpool's first team.

Sterling was born in 1994 in Jamaica and he started to play soccer at the Queens Park Rangers youth academy at the age of 10. He moved to Liverpool in February 2010 and made his senior debut in March 2014 when he came off the bench in a league match against Wigan. His first start in the Premier League was on August 26 against Manchester City and then he made his England debut on November 14 in a friendly match against Sweden.

Reports claim several top European clubs were interested in signing Sterling but the player preferred to continue his development with the Reds. His earnings will rise during the course of the deal in order to bring him in line with most senior players in the Liverpool squad. For instance, Joe Cole earns more than £100,000 per week and Stewart Downing earns around £60,000 per week, despite not being regulars in the Liverpool first team.

Liverpool's next league match is on December 22, when they face Fulham at home. Here are the odds for that game from Bet365:

Liverpool win - 8/15
Draw - 3/1
Fulham win - 11/2

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