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To ward off interest from its F1 rivals, McLaren will shell out a massive $20 million a year to Oscar Piastri with his new deal, according to a report.
Oscar Piastri’s former deal was worth around $6 million annually and was set to expire at the end of 2026. McLaren announced a multi-year contract extension for Piastri ahead of his home Grand Prix, solidifying his future with the team. This new deal, reportedly valued at $20 million per year, includes performance-based bonuses. Piastri’s financial standing now matches that of his teammate Lando Norris and veteran driver Fernando Alonso. McLaren has been contacted for further details on the agreement. Piastri, who had a successful start in F1, expressed his excitement for the extended partnership and hopes for continued success.
