SAO PAULO - Brazil striker Neymar will stay at Santos until 2014, the year his country stages the World Cup finals, the teenager said after signing a new and improved contract on Wednesday.

The gifted 19-year-old has rejected offers from big European clubs, notably Barcelona and Real Madrid, to stay at home and become one of the world's richest footballers.

"I'm very happy, it's another decision I'm taking in my life, a family decision," Neymar told a news conference where he was handed a Santos shirt with the number 2014 on it by club president Luis Alvaro de Oliveira.