Collingwood captain Scott Pendlebury sacrificed a large amount of money in a new contract extension in order to help the club re-sign out of contract stars Jordan De Goey, Darcy Moore and others.

Pendlebury, who has extended with the club until at least the end of 2021, has taken a significant pay cut to help the Magpies manage their salary cap and keep their playing list together.

The midfielder had been among Collingwood's top earners last year, when he won his sixth All-Australian berth, but has significantly reduced his wage for next year and altered terms for this year.

Scott Pendlebury was coming out of contract at the end of 2020. Credit:Getty Images

The 32-year-old has now reached the phase of rolling one-year contracts and said last night that while this extension took him through until the end of 2021, he was not declaring now that this would be his last contract.