Oscar Piastri signs multi-year contract extension with McLaren

Oscar Piastri will be a McLaren driver until at least the end of 2026

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McLaren have confirmed Oscar Piastri has signed a multi-year contract extension that will see him stay at the team until 2026, when the new Formula 1 regulations are introduced.

Piastri has been the star rookie driver in 2023 and is 11th in the F1 driver standings, regularly matching or being close to teammate Lando Norris, who is contracted with McLaren until 2025.

His junior career saw him win the 2019 Formula Renault Cup, 2020 Formula 3 Championship and 2021 Formula 2 Championship in his maiden seasons.

“I am thrilled to be extending my partnership with McLaren for many years,” said Piastri. “I want to be fighting it out at the front of the grid with this team and I am excited by the vision and foundations that are already being laid to get us there.

“The welcome that I have received and the relationships that I have built make this feel like home already.

“The team’s consistent commitment in me has made me feel incredibly valued and the desire from the team for me to be part of its long-term future made this an easy decision. To be wanted like that and for the team to show so much belief in me after just half a season, means a lot.  

“Ever since the Abu Dhabi Young Driver Test last year, I feel a real part of all things papaya and my thanks go to everyone in and around the team as well as all the fans.  

“Stability is a huge advantage in this early part of my career and to have that with a brand as prestigious as McLaren gives me the opportunity to continue the work that we’ve started. 

“We’ve enjoyed some good moments together in my rookie season, but I’m excited to work together with everyone at MTC over the coming years to create some great moments.” 

Only Verstappen has a longer contract

Piastri‘s new contract is significant because he is only the second driver to sign up with a team when the new 2026 F1 regulations come into force – Max Verstappen is the other, having penned a deal to be at Red Bull until the end of 2028.

McLaren have been impressed with Piastri after he narrowly missed out on a podium at the 2023 British GP and qualified second for the Belgian GP Sprint Race in mixed conditions.

“It’s fantastic to confirm that Oscar has signed a multi-year extension with the team,” said team principal Andrea Stella.

“Oscar is an asset to McLaren and constantly impresses with his performance, work ethic and attitude, so it was an easy decision for the team to make.

“He has already proved pivotal to the team, so it’s brilliant to have his vote of confidence as we push to win championships again in the future. I look forward to seeing him develop with us as we continue this journey together.”

Lewis Hamilton leads the McLaren of Oscar Piastri at the 2023 British Grand Prix | Mercedes F1 Team

McLaren CEO Zak Brown added: “I’m delighted to be continuing our partnership with Oscar through to the end of 2026. He’s an incredible talent and an asset to the team so it’s fantastic to be committing to each other in the long term.

“Oscar is already proving what he can do out on track and has been instrumental in the turnaround we’ve had so far this season.

“He’s fit into the team brilliantly and is really valued by the whole McLaren Racing family. I’m excited to see how he continues to grow both on and off track.”

John Smithhttps://total-motorsport.com
Editor at Total-Motorsport.com and all round Motorsport journalist specialising in Formula 1, IndyCar and Formula E.
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