Barry must accept hefty pay-cut for Man City stay
The Sun says Barry, a £12million buy from Aston Villa in 2010, picks up around £120,000 a week.
But City are in the process of driving down salaries, with more emphasis on bonuses.
Barry will be offered a basic wage of £70,000 a week.
He is reportedly happy at the club and success on the pitch would help boost his earnings.