Terms of Conte deal include big bonuses and Puma payments

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Antonio Conte has been confirmed as the new coach of the Italian national team with Puma playing a pivotal role in the deal.

Former Juventus coach Antonio Conte has signed a lucrative deal to coach Italy through to Euro 2016. 

Cesare Prandelli vacated the Azzurri hot seat immediately after Italy's disappointing World Cup exit in June, leaving a two-horse race for the post.

Conte, who surprisingly quit Juventus after winning his third successive title, was always the favourite, but former Manchester City and Inter man Roberto Mancini was also in the frame.

It was confirmed last night that Conte would take the role and the terms of the contract were published in the Italian press.

One interesting side note is the role of Puma, the sponsors of the Italian national team, who will contribute almost half of Conte's salary of £3.2 million per year.

SEE ALSO: Conte becomes favourite for Italy bench

There will be sizeable bonus payments that Conte will hope to secure, including £800,000 in the event that Italy qualify for Euro 2016, £400,000 if Italy move up five places in the FIFA Rankings and a further £400,000 if Italy reach the final of Euro 2016.

Conte will be officially unveiled next Tuesday morning at the Hotel Parco dei Principi in Rome and is expected to bring at least three of his staff with him from his Juventus days.

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