Petr Cech Signs New Contract

MUNICH, GERMANY - MAY 19: Ivica Olic of FC Bayern Muenchen (not pictured) has his penalty saved by Petr Cech of Chelsea in the shoot out during UEFA Champions League Final between FC Bayern Muenchen and Chelsea at the Fussball Arena München on May 19, 2012 in Munich, Germany. (Photo by Christof Koepsel/Bongarts/Getty Images)

According to his PR firm, Chelsea goalkeeper Petr Cech, hero of the penalty shootout that won the club their first ever European Cup, has been rewarded for a fine finish to the season with a new contract set to run through the 2015/16 season:

This is great news, and it's amazing to consider just how far we've come since March, when it was rumoured that Cech would be part of a summer exodus from Chelsea as part of a complete makeover of the squad. I'm very glad that Cech's staying - he certainly deserves it after when he did to help us win both the FA Cup and Champions League this season.

The big question, of course, is what this means for Thibaut Courtois. Long story short, not a whole lot. Courtois will remain on loan and if he turns into one of the best in the business he'll be able to push Cech out, contract or no. This has some implications for financial fair play as well, because Cech's previous deal was signed before the 2010 deadline and therefore didn't count, but it's not a huge concern as long as his wages haven't risen to the totally crazy level.

Yay Petr!

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