Riis will break Cancellara's Saxo Bank contract for €3m

Fabian Cancellara, Tour de France 2010, stage 3

Saxo Bank team manager, Bjarne Riis is ready to free classics star Fabian Cancellara, but at a cost that will prohibit all but the richest teams. According to French newspaper L'Equipe, Riis wants €3 million for breaking Cancellara's contract one year early.

Team Sky faced a similar situation last year when it paid team Garmin an estimated €1.33 million (£1.1m) to break Bradley Wiggins' contract one year early. The British team is one of several teams that may be interested in signing Cancellara.

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Gregor Brown

Gregor Brown is an experienced cycling journalist, based in Florence, Italy. He has covered races all over the world for over a decade - following the Giro, Tour de France, and every major race since 2006. His love of cycling began with freestyle and BMX, before the 1998 Tour de France led him to a deep appreciation of the road racing season.