Report: Vettel rejects one-year Ferrari extension

Italian media report that Sebastian Vettel has turned down a one year contract extension with Ferrari.

La Gazzetta dello Sport have reported that Vettel has rejected a contract offer from Ferrari, the offer rumoured to have included a heavy pay cut.

The reports says that Vettel, who it is believed is seeking a three-year deal, called the offer a 'joke'.

In a recent media conference call, Vettel said that any deal would have to work for both himself and the team.

“Whatever the deal will be like, it will be whatever I and the team will be comfortable with," said Vettel. "So in terms of duration, I don’t know. Normally the contracts I’ve had in the past were all three-year deals. I know I’m one of the more experienced drivers in Formula 1 but I’m not the oldest and I don’t think there’s an age limit in this regard.”

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La Gazzeta continued by suggesting that the Scuderia were eyeing up Daniel Ricciardo, Carlos Sainz and Antonio Giovinazzi as replacements should Vettel decide not to continue with the Italian manufacturer.

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