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Vettel reportedly offered new contract with pay cut

Vettel reportedly offered new contract with pay cut

  • Published on 31 Mar 2020 13:43
  • comments 5
  • By: Fergal Walsh

According to reports, Ferrari has offered Sebastian Vettel a new contract at the team involving a pay cut for the four-time world champion.

Vettel's current contract with the Scuderia outfit expires at the end of the 2020 season and his future remains in the air.

According to Sky Sports Italia, Ferrari is keen on re-signing Vettel for another season, but the new contract would see him earn less than his current agreement.

MORE: Ecclestone suggests Vettel should retire or move to McLaren for 2021 | Binotto: Delaying 2021 regulations not an easy decision for Ferrari to make

In December, Vettel's teammate Charles Leclerc penned a new long-term deal after a successful maiden season with the Italian team, scoring seven pole positions and two race wins.

Daniel Ricciardo and Carlos Sainz have both been linked to Vettel's seat at Ferrari, with the former out of contract at Renault at the end of this year.

Vettel joined Ferrari in 2015 and has 14 race wins for the team, but is yet to claim a championship with the Maranello outfit.

In 2019, Vettel ended the season with one race win and behind Leclerc in the drivers' championship.

F1 News Sebastian Vettel Ferrari

Replies (5)

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  • mcbhargav

    Posts: 1,332

    I am not too sure of Sainz for Ferrari. He may have the momentum with him. Ferrari needs a much more experienced and faster driver than him to develop the car, especially when it could dish out enough mulah.

    • + 0
    • Mar 31 2020 - 16:11
  • f1ski

    Posts: 726

    Seb should take it. Should he show his skills in high pressure moments I am sure something longer would ensue

    • + 0
    • Mar 31 2020 - 17:05
  • ajpennypacker

    Posts: 2,475

    Seb has to take it. No other team is going to offer him stupid money. Only Ferrari do that for drivers past their prime. Although, I'd be curious to see how much of a paycut it was. I'm sure he will still make more than everyone except for Lewis

    • + 0
    • Mar 31 2020 - 17:32
    • Pistonhead

      Posts: 556

      Me too - four time world champ - that experience must be worth a lot more than a promise of something good....

      • + 0
      • Apr 1 2020 - 13:48
  • Ram Samartha

    Posts: 1,172

    Looks like he's decided to retire instead.

    • + 0
    • Apr 1 2020 - 23:51

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Pos
Team
Points
1
Red Bull Racing
860
2
Mercedes
409
3
Ferrari
406
4
McLaren
302
5
Aston Martin
280
6
Alpine F1
120
7
Williams
28
8
Alpha Tauri
25
9
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16
10
Haas F1
12
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Formula 1 Calendar - 2024

Date
Grand Prix & Circuit
-
Bahrain Bahrain International Circuit
29 - Mar 2 2024
Bahrain Bahrain International Circuit
7 - Mar 9 2024
Saudi Arabia Jeddah Street Circuit
22 - Mar 24 2024
Australia Albert Park
5 - Apr 7 2024
Japan Circuit Suzuka
19 - Apr 21 2024
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30 - Sep 1 2024
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20 - Sep 22 2024
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18 - Oct 20 2024
United States of America Circuit of the Americas
25 - Oct 27 2024
Mexico Autodromo Hermanos Rodriguez
1 - Nov 3 2024
Brazil Interlagos
22 - Nov 24 2024
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Driver profile

DE Sebastian Vettel 5
Sebastian Vettel
  • Country Germany
  • Date of b. Jul 3 1987 (38)
  • Place of b. Heppenheim, Germany
  • Weight 62 kg
  • Length 1.75 m
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Ferrari
Ferrari
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