SYDNEY, AUSTRALIA - MAY 09: Tom Scully of the Giants looks upfield during the round six AFL match between the Greater Western Giants and the Hawthorn Hawks at Spotless Stadium on May 9, 2015 in Sydney, Australia. (Photo by Ryan Pierse/Getty Images)

Scully takes giant pay cut, re-signs with GWS

Former No.1 draft pick Tom Scully has signed a four-year contract extension with Greater Western Sydney.

Scully, already contracted until the end of the 2017 season, will now be a Giant until the end of the 2021 season.

The 25-year-old signed a six-year, $6 million deal after leaving the Demons at the end of 2011, but his new contract is reportedly worth around $500,000 per year, meaning he will give up $2 million in his new deal to ensure the club retains its wealth of talent going forward.

Scully said it was a simple decision to re-commit to the club.

“As someone who has been here from the beginning, it was an easy decision to make and I’m excited about what lies ahead for the club both on and off the field,” he said.

“I love this club and I love Sydney. I love playing football with my teammates and I love coming to work every day.

“If this playing group sticks together, we know we can have some success, but it’s going to take collective buy-in from the group which I believe we have here.”

He has played 82 games with the Giants after two seasons and 31 games with the Demons.