By winning a world championship, Max Verstappen has taken a major step forward in his Formula 1 career and he is set to be rewarded with a huge new contract. His current deal runs through the 2022 and 2023 seasons, but Red Bull are determined to tie him down to longer terms. They want to extend his contract for several more years and are willing to make him the best-paid driver in the sport to achieve this.
According to De Telegraaf, Verstappen and Red Bull have already reached an agreement for a super contract. It will be a four-year or five-year deal, until either 2026 or 2027. The salary is set to be 50 million euros per season. That would put Verstappen ahead of Lewis Hamilton in the ranking, with the Englishman having signed his most recent contract with Mercedes for 37m euros, with that running until the end of 2023.
Some other Formula 1 reporters have claimed that the Dutchman’s new deal won’t be quite that high and that it won’t exceed 40m euros per year. However, there are various reports that say the announcement is expected any time now. According to the Daily Mail, the deal is already done and Verstappen has finalised the details this week.