The details of Charles Leclerc’s new F1 contract with Ferrari have been revealed – and it includes a potential loophole that will allow him to leave the team.
No official figures or the length of the deal were given away when Leclerc’s contract extension was announced on Thursday, only saying it was a ‘multi-year deal.’
Now, Corriere della Sera have reported the full extent of the contract and it leaves the Monegasque driver with a mega salary and a few more years in the sport.
New Leclerc contract details revealed
The Italian publication have revealed that Leclerc has signed a four-year extension with Ferrari, which will take him until the 2028 season, with his previous deal due to expire at the end of this season.
However, the deal includes a break clause, allowing him to leave the team after the 2026 season when the regulations revamp is put to effect, if the Red team are unable to provide him with a car that is a title contender.
Leclerc will earn a yearly salary of $30 million, rising from $25 million, plus an extra $5 million in bonuses such as race wins and world championships.
It is also understood that if the 26-year-old chooses to stay with the team and see out his contract to 2028, that figure will rise to up to $50 million a year.
As for team-mate Carlos Sainz, talks are ongoing over a renewal but there has been no confirmation yet, with the Spaniard reportedly wanting a two-year deal.
Norris' extension doesn't have any such loopholes, at least not that we're aware of yet.
He's signed an extension to stay at least until 2027, it's believed, and could not be happier to be doing so.
He said: "It’s a great feeling to be staying in papaya. I’ve grown up with McLaren and feel at home here, the team are like family to me. The journey so far has been exciting, we’ve had ups and downs, but last season showed our desire to get back to competing at the front of the grid.
"I’m confident in challenging for wins with McLaren. I’m excited to create more amazing memories and continue working hard with everyone at MTC for the next few years."
GPFans is a multi-platform, multi-language brand dedicated to Formula One coverage. We bring you all the ins and outs of the sport, 24/7, everything from up-to-the-minute news and features to the latest viral stories and clips.
We believe that a new generation of exciting, outspoken drivers will make F1 more popular than ever before, and we want to give our users access to as much of their heroes as possible, on and off the track. From Lewis Hamilton to Max Verstappen, Daniel Ricciardo to Sebastian Vettel, we provide in-depth analysis of every every Grand Prix in the season, from Australia to Abu Dhabi.
With Formula One under the new ownership of Liberty Media, how the sport is being covered is evolving, and GPFans will look to be at the heart of this progression into new media, as one of the fastest-growing sites covering the king of motorsports.