Sergio Perez of Mexico and Oracle Red Bull Racing looks on in the garage during day one of F1 Testing at Bahrain International Circuit on February 23, 2023 in Bahrain, Bahrain. (Photo by Mark Thompson/Getty Images) // Getty Images / Red Bull Content Pool

Formula 1 News: 75% of F1 driver contracts expire in 2024 (Update)

The table below has been updated with additional driver contract termination dates and salaries.

The contract data is best estimate based on reliable sources.


December 27, 2023 

With 75% of the Formula 1 driver contracts expiring at the end of the 2024 season, there is expected to be a crazy F1 Silly Season leading into 2025.

–by Mark Cipolloni–

Here is a list of F1 driver contract expiration dates that are known publicly.

 

Driver  Contract Expiration Base Annual Salary Total 2023 Salary w/Bonuses
Red Bull
Max Verstappen through 2028  $45 million  $70 million
Sergio Perez through 2024  $10 million  $10 million
Ferrari
Charles Leclerc through 2024  $14 million  $19 million
Carlos Sainz through 2024  $8 million  $14 million
Mercedes
Lewis Hamilton through 2025  $55million  $55 million
George Russell through 2026  $4 million  $4 million
Alpine
Pierre Gasly through 2024  $5 million  $8 million
Esteban Ocon through 2024  $6 million  $6 million
McLaren
Lando Norris through 2025  $5 million  $15 million
Oscar Piastri through 2024  $3 million  $3 million
Aston Martin
Fernando Alonso through 2024  $24 million  $34 million
Lance Stroll through Ongoing  $2 million  $2 million
Alfa Romeo
Valtteri Bottas through 2024  $10 million  $10 million
Zhou Guanyu through 2024  $2 million  $2 million
AlphaTauri
Daniel Ricciardo through 2024  $2 million $2 million
Yuki Tsunoda through 2024  $1 million  $1 million
Haas
Nico Hulkenberg through 2024  $2 million  $2 million
Kevin Magnussen through 2024  $5 million  $5 million
Williams
Alex Albon through 2024  $3 million  $3 million
Logan Sargeant through 2024  $1 million  $1million