Max Verstappen has extended his contract with the Crimson Bull team before the start of the new season, and the Dutchman is expected to earn astronomical reports over the next four years 160 million euros.
The Crimson Bull team has officially confirmed that Max Verstappen has signed a new four-year contract under which he will be racing for the Red Bulls at least at the end of the season 2023.
With the signing of a new contract, Crimson Bull and Verstappen have ended speculation about the young Dutchman's possible departure after the end of the season 2020 when Verstappen would his previous contract with the Crimson Bull has expired.
According to Motorsport.com, Verstappen will earn astronomical 40 million euros a season, making it the second best paid racer in F1. Only the world champion Lewis Hamilton will earn more from the Dutchman, who receives around 10 millions more per season.
Crimson Bull sports boss Dr Helmut Marko was also very pleased with the signing of the contract, as the Milton Keynes team prevented Verstappen from inviting Mercedes into his ranks.
“This was a very important step for us. We can now look to the future with more confidence. The events of the last few weeks have been putting some pressure on Crimson Bull. Ferrari is flirting with Lewis Hamilton, and at the same time they have extended their contract with Charles Leclerc. To be honest, we had a hard time guessing what was going on with the story between Ferrari and Hamilton. But it is also clear that Mercedes needs to take action if Hamilton 2021 goes to Ferrari and Max would be their first choice. “