By Jennifer Lilonsky (staff@latinospost.com) | First Posted: Jan 31, 2013 02:12 PM EST

David Beckham announced today that he will play for French soccer team Paris St.-Germain.

And how much money will the soccer superstar receive for this five-month contract you ask?

Well, zilch.

The philanthropic soccer player also announced Thursday that he plans to donate his salary to a charitable cause.

"I'm excited, it's something we've been working on and talking about for quite a while," he said in a press conference Thursday. "I won't receive any salary. My salary will go to a local children's charity. That's one of the things we are excited and proud to do."

The 37-year-old, who played for the Los Angeles Galaxy and won the MLS Cup in his final game with the team, was denied a spot on the British Olympic soccer team last summer. Instead, he was given the figurehead position of sporting his good looks on a motor boat--that he didn't even get to drive--to bring the Olympic torch up the River Thames.

After the Olympic letdown, there was uncertainty over Beckham's future in soccer.

But the midfielder said that he wants to play for as long as he can.

"People have been speculating about that for a number of years, but I continue to play and sign contracts," Beckham said. "I will see how I feel, but I want to play as long as possible. My passion is football. It always has been. When I play football it is not about the biggest contract."

(SOURCE)