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Brazilian striker Hulk signs extension with Zenit

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Brazilian striker Hulk has signed a contract extension with Zenit Saint Petersburg of the Russian Premier League, the club announced Monday. 

It is a five-year deal that will keep Hulk with Zenit through the 2018-19 season. He has been with the club since 2012, when he signed over from Portuguese side Porto. Terms of the deal were not disclosed.

Hulk's previous contract, which reportedly paid him around $8 million per year, was set to expire in the summer of 2017. 

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The value of Russia's currency, the ruble, has decreased significantly in recent months as declining oil prices have destabilized the Russian economy. According to the Associated Press, Russian clubs pay their players in euros or dollars but set their budgets in rubles. 

Hulk, 28, has 11 goals in 25 games for Zenit this season. He has 35 goals in 80 career games with the club.

- Josh Sanchez

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