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Max Verstappen signs record contract extension with Red Bull Racing

Yahoo Sports • 1 min read • Latest: Aug 21, 2026, 6:21 AM

Last updated Aug 21, 2026

Max Verstappen signs record contract extension with Red Bull Racing
Summary

Max Verstappen has extended his contract with Red Bull Racing through the 2030 season, marking a significant moment in Formula 1. Reports indicate that the total deal could be valued at approximately €460 million, with Verstappen set to earn an annual salary starting at €92 million. This contract is notable for breaking existing pay scales in F1, influenced by unique financial regulations that exempt driver salaries from team cost caps. The move underscores Red Bull's commitment to maintaining a competitive edge and solidifies Verstappen's status as one of the highest-paid athletes globally. Details of the deal suggest potential performance bonuses could raise his pay to €115 million annually.

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By the Numbers
  • •Verstappen's contract extends through the 2030 season.
  • •The total value of the deal is reportedly €460 million.
  • •Starting salary is set at €92 million annually.
  • •Performance bonuses could increase earnings to €115 million per year.
  • •Verstappen remains a key contender for the championship with Red Bull.
Latest Updates
  • 6:21 AMYahoo Sports — Max Verstappen’s Red Bull Payday Might Be the Biggest Contract in Motorsport History
What they're saying
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Following the blockbuster news that Max Verstappen has officially ended all the paddock rumors by extending his contract with Red Bull Racing through the 2030 season, the entire Formula 1 world has been asking the exact same question: just how…

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