RIYADH, Saudi Arabia — Cristiano Ronaldo was presented as the superstar new signing of Saudi Arabian club Al Nassr on Tuesday, with the team's president saying the Portugal great deserves to be the highest paid player on the planet.

Ronaldo said he turned down "many clubs" around the world to complete one of the most surprising transfers in the sport's history, which could reportedly earn him up to $200 million a year.

Al Nassr president Musalli Almuammar would not confirm the exact figures in the two-and-a-half-year contract.

"He is the best player in football history so it is normal he will be the highest in terms of cost or salary," Almuammar said. "This is something that he really deserves, so the amount of money he will take, he really deserves." Ronaldo was presented to thousands of fans at Al Nassr's Mrsool Park against a backdrop of fireworks and smoke machines.

The former Manchester United, Real Madrid and Juventus forward will play in the Saudi Pro League after rejecting offers from Europe, North America and beyond.

"I'm so proud to make this big decision in my life. In Europe my work is done. I won everything and played for the most important clubs in Europe. This is a new challenge," Ronaldo said at a news conference where he only answered questions from the master of ceremonies, despite sitting in a room full of journalists.

The 37-year-old Portugal international, who has won five Ballon d'Or awards for the best player in the world and five Champions League titles, will play outside of Europe for the first time in his storied career.