Formula 1 News: 75% of F1 driver contracts expire in 2024 (Update)
The table below has been updated with additional driver contract termination dates and salaries.
The contract data is best estimate based on reliable sources.
December 27, 2023
With 75% of the Formula 1 driver contracts expiring at the end of the 2024 season, there is expected to be a crazy F1 Silly Season leading into 2025.
–by Mark Cipolloni–
Here is a list of F1 driver contract expiration dates that are known publicly.
| Driver | Contract Expiration | Base Annual Salary | Total 2023 Salary w/Bonuses |
| Red Bull | |||
| Max Verstappen | through 2028 | $45 million | $70 million |
| Sergio Perez | through 2024 | $10 million | $10 million |
| Ferrari | |||
| Charles Leclerc | through 2024 | $14 million | $19 million |
| Carlos Sainz | through 2024 | $8 million | $14 million |
| Mercedes | |||
| Lewis Hamilton | through 2025 | $55million | $55 million |
| George Russell | through 2026 | $4 million | $4 million |
| Alpine | |||
| Pierre Gasly | through 2024 | $5 million | $8 million |
| Esteban Ocon | through 2024 | $6 million | $6 million |
| McLaren | |||
| Lando Norris | through 2025 | $5 million | $15 million |
| Oscar Piastri | through 2024 | $3 million | $3 million |
| Aston Martin | |||
| Fernando Alonso | through 2024 | $24 million | $34 million |
| Lance Stroll | through Ongoing | $2 million | $2 million |
| Alfa Romeo | |||
| Valtteri Bottas | through 2024 | $10 million | $10 million |
| Zhou Guanyu | through 2024 | $2 million | $2 million |
| AlphaTauri | |||
| Daniel Ricciardo | through 2024 | $2 million | $2 million |
| Yuki Tsunoda | through 2024 | $1 million | $1 million |
| Haas | |||
| Nico Hulkenberg | through 2024 | $2 million | $2 million |
| Kevin Magnussen | through 2024 | $5 million | $5 million |
| Williams | |||
| Alex Albon | through 2024 | $3 million | $3 million |
| Logan Sargeant | through 2024 | $1 million | $1million |