Max Verstappen has signed an exclusive long-term F1 deal with Red Bull which will see him race with the team until the 2028 season.
After Dutch media reported of a new long-term contract between Verstappen and Red Bull on Wednesday, the news was confirmed by the team on Thursday with the contract length of five season – which excludes the current deal of being together until 2023.
Before this deal, Verstappen had a contract to be with Red Bull until 2023, but with the new deal, he will remain with the F1 team until the 2028 season. He becomes the only confirmed driver until that season with Lando Norris having a deal until 2025 with McLaren.
While the financial side of the deal is never shared but Dutch media reported it to be 50 million euros per season, with a salary hike due to his F1 world championship win. “I really enjoy being part of the Oracle Red Bull Racing Team, so choosing to stay to the 2028 season was an easy decision,” said Verstappen.
“I love this Team and last year was simply incredible, our goal since we came together in 2016 was to win the championship and we have done that, so now it’s about keeping the number one on the car long-term.”
At the same time, Christian Horner added: “To have Max signed with Oracle Red Bull Racing through to the end of 2028 is a real statement of intent. Our immediate focus is on retaining Max’s World Championship title, but this deal also shows he is a part of the Team’s long-term planning. With the Red Bull Powertrains division working towards the new engine regulations for 2026 we wanted to make sure we had the best driver on the grid secured for that car.”
Here’s initial news of Max Verstappen contract
Here’s list of contract dates as known so far
Here’s Red Bull on crypto sponsors