Including bonus and everything, it will be close to £200 million per year ($275 million). But again, we need to remember that this is the final contract in his playing career. Back in 2021, his annual salary at Manchester United was just £25 million. And then we have some shameless creatures who complain that Ronaldo moved to Saudi Arabia because he is greedy. Football is just like any other profession. When you are getting paid 1/8th of what you are worth, the best option is to look for another contract with another employer. Those who complain about it are just pure hypocrites.
People were doubting about Ronaldo agreeing to extend his contract with the club since they said he might have the intention to go for another but it seem he didn't want to play on different team on this Saudi Arabia because he has been on this Al-Nassr since he joined the league. Looking at this amount the club pays him annually I doubt if there would be many players at 35 years will agreed to joined a club they would pay them the amount Manchester United was paying Ronaldo before if there are better offer for them in Saudi. However you are right this is going to be his last contract or extension because retirement is getting ready for him.