The world of Formula 1 racing is as exciting as it is unpredictable, and with the new season just around the corner, fans and enthusiasts are eagerly awaiting news about the drivers` contracts and salaries for 2020.
Every year, F1 teams engage in fierce negotiations to secure top talent for their lineups, with money playing a crucial role in determining who ends up where. In this article, we`ll take a closer look at some of the most high-profile F1 driver contracts for 2020 and analyze their salaries.
First off, we have Lewis Hamilton, the six-time world champion who sits comfortably at the top of the highest-paid F1 drivers list. Hamilton`s contract with Mercedes runs through the 2020 season, with rumors of an extension already circulating. The British driver reportedly earns a whopping $57 million per year, a figure that`s set to increase even further if he signs a new deal.
Sebastian Vettel, the four-time world champion for Ferrari, is another driver who commands a hefty salary. Vettel`s current contract with the Italian team runs through the 2020 season, and he`s estimated to earn around $45 million per year. However, with his performance on the wane in recent years and talks of a possible retirement, it remains to be seen if he`ll continue to command such high figures.
Max Verstappen is one of the sport`s most promising young drivers, and his contract with Red Bull sees him earn around $20 million per year. The Dutchman`s deal runs through to the end of 2020, and with his strong performances in recent seasons, he`s likely to command even higher figures going forward.
Charles Leclerc is another young talent who`s already making waves in the sport. The Monégasque driver signed a new contract with Ferrari for the 2020 season, which sees him earn around $11 million per year. Given his impressive performances last year, there`s a good chance that Leclerc`s salary will continue to rise in the coming years.
Rounding up the list is Valtteri Bottas, Hamilton`s teammate at Mercedes, who`s estimated to earn around $8.5 million per year. Bottas signed a new contract with the team for the 2020 season, which sees him continue to support Hamilton in the bid for a seventh world championship.
In conclusion, driver contracts and salaries play a significant role in the world of F1 racing, and teams are willing to spend big to secure the best talent. As the 2020 season approaches, fans will be eagerly watching to see who ends up on top and how much they`ll be earning for their efforts.