P1racenews AI automatic summary:
A new McLaren contract comes with an expected boost for Oscar Piastri, it has been reported.
Reports indicate that Oscar Piastri’s new McLaren contract will make him one of the highest-earning Formula 1 drivers, potentially earning up to £20 million annually, aligning him with teammate Lando Norris. McLaren recently announced a long-term deal with Piastri on the eve of the Australian Grand Prix, held in his hometown of Melbourne. With Red Bull’s Christian Horner expressing interest in Piastri during the Drive to Survive series, McLaren acted decisively to secure the 2021 F2 champion’s services. Although the specific terms of Piastri’s contract remain undisclosed, sources suggest that he will race for McLaren until the end of the decade, with a substantial increase in salary to £20 million per season and additional bonuses for race wins and championship achievements included in the deal. The innovative ‘accumulator clauses’ in Piastri’s contract indicate that his earnings could further grow based on his performance and McLaren’s results in the coming seasons.
