P1racenews AI automatic summary:
George Russell has signed a contract extension with Mercedes and is now set to earn a breathtaking amount in F1 next season.
George Russell is set to earn a massive £30 million per season under his newly announced Mercedes contract. Reports from British tabloids, The Express and The Daily Mail, confirm he is now the third-highest earning driver in F1, following Max Verstappen and Lewis Hamilton. Verstappen reportedly earns £48 million per year, with Hamilton and Russell’s ex-teammate speculated to make £45 million each annually. The length of Russell’s new Mercedes deal was not fully disclosed, with only 2026 confirmed initially. However, it is expected that there might be an option for 2027 included in the agreement. Despite prolonged contract negotiations suggesting some disagreements, Russell is expected to earn a significant sum next season under the revised F1 regulations.
