P1racenews AI automatic summary:
Could Charles Leclerc be set for a bumper pay-rise on a new long-term deal with Ferrari?
According to reports, Charles Leclerc could receive a significant pay rise in his new contract with Ferrari. The current five-year deal he signed in 2019 will expire at the end of next season, and it is rumored that he will sign a new five-year deal that will keep him with the team until the end of the 2029 season. Leclerc is currently earning around $25 million per season, but his salary is expected to increase to nearly $50 million per season in the final year of the contract. This would put him on par with Max Verstappen’s salary at Red Bull. However, there is a break clause in the contract that could be activated if Ferrari is not competitive after three years of the new deal.
