Max Verstappen‘s contract extension put him at the top of the 2022 Formula 1 contract length chart, as he signed a new deal to remain with Red Bull until 2028.
It came a month after Lando Norris signed a a four-year deal to stay at McLaren, whilst 11 drivers face negotiations to seal a place on the F1 grid for the 2023 season.
The most notable drivers who’s contracts run out at the end of this year are Sergio Perez, Fernando Alonso and Sebastian Vettel, with Carlos Sainz having agreed a new deal with Ferrari that will see him at the Scuderia until 2024.
Williams also recently announced that Alex Albon will be staying with the team on a multi-year contract that will keep him at Williams until 2024.
Who has the biggest contract in F1?
Verstappen‘s five year deal is an addition to his original agreement which ended in 2023. The reigning F1 World Champion will be 30 years old if he sees his contract through, having joined the sport in 2015.
Norris has the second longest contract, keeping him at McLaren until 2025, whilst Ferrari‘s Charles Leclerc, Alpine‘s Esteban Ocon and Alfa Romeo‘s Valtteri Bottas are tied to their respective teams until 2024.
How long is Lewis Hamilton’s contract?
Lewis Hamilton remains the most marketable driver in F1 and speculation regarding his future has been a major talking point in recent years.
Some believe Hamilton may retire if he wins a record-breaking eighth title, but the British driver signed a new two-year deal in 2021 that will see him at Mercedes through to the end of 2023.
Release clauses in F1
In F1, most top drivers will have performance clauses in their contract which allows them to join another team.
For example, Hamilton may have a clause which says if Mercedes are fifth are lower in the Constructors’ Championship after 10 races, he can leave.
Occasionally, a driver can be bought out of their contract to move elsewhere. In 2001, McLaren paid Sauber to buy Kimi Raikkonen out of his contract as they recognised the Finn’s talent early on.
F1 2022 drivers’ contract length
|Max Verstappen||Red Bull||2028|
|Valtteri Bottas||Alfa Romeo||2024|
|Sergio Perez||Red Bull||2022|
|Sebastian Vettel||Aston Martin||2022|
|Lance Stroll||Aston Martin||2022|
|Guanyu Zhou||Alfa Romeo||2022|