Tag

Driver Salaries

All articles tagged with #driver salaries

Ferrari set to breach €100m driver-salary mark with Leclerc extension
sports2 months ago

Ferrari set to breach €100m driver-salary mark with Leclerc extension

Ferrari has renewed Charles Leclerc’s contract, reinforcing its status as the sport’s top payer. While the length and exact figures weren’t disclosed, estimates suggest Leclerc could earn up to €50 million per year, a renewal that would push Ferrari’s combined driver salaries beyond €100 million and widen the gap to Red Bull (about €75 million) and Mercedes’ salary landscape. The deal length remains undisclosed.

Max Verstappen's 2024 Triumph: Skill, Strategy, and Salary Shifts
sports1 year ago

Max Verstappen's 2024 Triumph: Skill, Strategy, and Salary Shifts

Max Verstappen, the highest-paid driver in Formula 1, will see a $19 million reduction in his Red Bull bonus for the 2024 season due to fewer race victories compared to 2023. Despite securing his fourth consecutive World Championship, Verstappen's bonus is impacted by increased competition from teams like McLaren, Ferrari, and Mercedes. Meanwhile, Red Bull's team principal Christian Horner received an 11% pay rise following the team's record-breaking 2023 season.