Oscar Piastri surprised everyone in the paddock this week when it was announced that he has signed a contract extension to end of 2026 season with Formula One’s McLaren team. He already had an existing $2 Million dollar a year deal through the end of the 2024 season, this new extension locks him in for 2 more years.
Judging by how impressive this rookie has been this year I’m guessing McLaren had to shell out a healthy yearly salary to lock Piastri into a few more years. All this isn’t occurring in a vacuum. There are rumors swirling that Oscar Piastri’s teammate at McLaren, Lando Norris, is being courted by his good friend Max Verstappen RedBull team for a spot for the 2024 or 2025 season despite current RedBull driver Sergio Perez already having a contract through the end of the 2024 season. But as Formula One’s silly season has taught us time-and-time again contracts are meant to be broken and drivers paid out early to make room for new talent.
Oscar Piastri signs McLaren F1 contract extension to end of 2026 season