Mercedes, the giant of Formula 1, has confirmed the renewal of contracts for their star drivers, Lewis Hamilton and George Russell. Both have committed to stay on the F1 arena for another two years post the 2023 season. Despite the last year triggering shockwaves with a series of unexpected moves, this year has been relatively silent in terms of drivers’ roster due to the existing deals.
Assessing the current contracts within the teams, Red Bull‘s Max Verstappen has secured a contract extension till 2028. His lucrative $55 million annual deal followed a mere three months after he clinched his maiden world championship in 2021. Verstappen, with his exceptional performance, is well on his way to his third world title and is poised to add a fourth and a fifth before the F1 rules readjust in 2026.
Red Bull‘s Sergio Perez is signed until 2024, with an extension following his 2022 Monaco Grand Prix win. His contract stirred speculation about Red Bull’s early exit, which was repeatedly nullified by team boss Christian Horner, guaranteeing Perez’s presence for the following year.
Moving on to Ferrari, Charles Leclerc and Carlos Sainz are both set to represent the team until 2024. Leclerc, despite rumor mills spinning about a possible shift to Mercedes, reiterated his dream of grabbing a world championship with Ferrari. Sainz’s future, however, seems more uncertain given his inconsistent performance compared to his stellar teammate.
Mercedes drivers Lewis Hamilton and George Russell are contracted till 2025. In what can arguably be the strongest driver lineup on today’s grid, Mercedes‘ retention of Hamilton speaks volumes about his faith in the team, even though they’ve ceased to be the dominant force on the grid. Russell’s performance since his recruitment in 2017 indicates a promising future with the Mercedes team.
With regard to Alpine, both Esteban Ocon and Pierre Gasly are contracted until 2024. Gasly’s induction into the team followed Alpine‘s indecision over whether Ocon’s teammate should be Fernando Alonso or promising junior driver Oscar Piastri, eventually resulting in the loss of both potential drivers to rivals.
Moving to McLaren, Lando Norris is set to represent the team till 2025. Despite concerns around Norris’ commitment to a struggling team, recent progress by McLaren proves promising, and Norris is anticipated to be in high demand by 2026. Oscar Piastri‘s confirmed tenure till at least 2024 came after CEO Zak Brown‘s determined legal battle to secure the talented rookie.
In the Alfa Romeo team, Valtteri Bottas‘ contract extends till at least 2024, whereas Zhou Guanyu, China’s first F1 driver, doesn’t have an extension beyond 2023 yet. Though Bottas has been crucial in securing Alfa’s sixth position in the championship, Zhou’s future with the team is less certain.
At Aston Martin, it was a shock when Fernando Alonso signed a multi-year contract for 2023 and beyond, performing impeccably with six podiums already. Lance Stroll, secured by a unique father-son team arrangement, may face a challenging future if his father prioritizes business over family.
Talking about Haas, Kevin Magnussen, and Nico Hulkenberg are contracted for another year, while AlphaTauri awaits a decision on Yuki Tsunoda‘s contract beyond 2023. Daniel Ricciardo, covering multiple seasons, might return to the Red Bull team in 2023 after replacing Nyck de Vries.
Williams has Alex Albon till at least 2024, with multiple unsuccessful attempts by other teams to recruit him. Logan Sargeant is only contracted until the end of this year, but recent performance issues have raised doubts about his continuation with the Williams team.