F1 driver contracts: What is the contract status of every driver on the 2024 grid?

Henry Valantine 27 Jun 2024 9:30 AM

Which F1 driver contracts are up for renewal in 2024? Look no further.

All F1 driver contracts are a subject of intrigue, and we’ve got each driver’s situation covered for you in our handy guide.

When deals expire is a prime opportunity for drivers to either seek new opportunities elsewhere, or for teams to look for the driver they want who is appearing in the shop window for next season. Here is a look at the contractual situation of every F1 driver on the 2024 grid.

Max Verstappen – Contracted until end of 2028

The reigning World Champion signed a huge new seven-year contract with Red Bull after winning his first title back in 2021, which will see him unlikely to be going anywhere any time soon.

Verstappen is also believed to be the highest-paid driver on the grid as a result of this contract, with prominent business magazine Forbes projecting his 2023 pay at $70m when bonuses were taken into account.

Sergio Perez – Contracted until end of 2026

Sergio Perez penned a two-year contract extension with Red Bull in Monaco in 2022, and coincidentally, a week after exactly the same race in 2024, Red Bull announced another two-year contract with Perez that will take him past Formula 1’s regulation changes into 2026.

Team principal Christian Horner said this will give Red Bull important “continuity and stability” moving forward, with Verstappen and Perez having been the team’s line-up since all the way back in 2021.

Lewis Hamilton – Contracted until end of 2024 (Mercedes), then ‘multi-year contract’ (Ferrari)

Lewis Hamilton’s F1 future was undecided for much of 2023, but he finally quelled speculation about what the years ahead would hold when he signed a new two-year deal with Mercedes in September of that year.

But five months later, he shocked the F1 world when it was announced a break clause was activated from the end of 2024, which saw the seven-time World Champion announce a move to Ferrari on 2025 on a multi-year deal, which will see him on the grid until at least the end of 2026.

George Russell – Contracted until end of 2025

At the same time as Hamilton’s contract announcement, Mercedes made it a double whammy in confirming George Russell would remain with the team until 2025.

This will see stability in the Mercedes line-up seasons in a row, with Russell looking to stamp his authority and show himself as the team’s next leader for when he welcomes a new team-mate in 2025.

Charles Leclerc – Contract unknown, next ‘several seasons to come’

Charles Leclerc signed the longest contract ever given to a Ferrari driver in 2019, penning a five-year extension in his first year with the Scuderia.

Before the 2024 season, Leclerc penned a new Ferrari deal that was only billed as being for the next ‘several seasons to come’, without an exact end date named.

Carlos Sainz – Contracted until end of 2024

Carlos Sainz also signed a multi-year extension to his initial Ferrari deal after joining from McLaren in 2021, with the Scuderia entering 2024 needing to negotiate with both of their drivers.

Sainz also indicated that staying with Ferrari remained his priority in Formula 1 beyond the end of his current deal, but he will be forced to find a new seat once Hamilton arrives.

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Lando Norris – Contract unknown [at least end of 2027]

Lando Norris has established himself as hot property in Formula 1, with McLaren tying him to a long-term deal that ends in 2025 in 2022.

Before other teams could get interested, however, McLaren announced what was only described as a ‘extended multi-year’ deal with Norris beyond the end of 2025 on the eve of the 2024 season, to secure their driver line-up into the future.

Oscar Piastri – Contracted until end of 2026

An impressive rookie season for Oscar Piastri meant that McLaren moved to sign him to a longer-term contract before his first season had even concluded.

His current deal will now expire at the end of 2026, meaning the young Australian will have plenty of time in Formula 1 to grow his experience.

Fernando Alonso – Contract until end of 2026 [‘multi-year’]

Fernando Alonso moved to Aston Martin on a multi-year deal from Alpine, which appeared to be a backwards step based on 2022 form but early 2023 showed it was anything but.

Having been hot property on the driver market, Alonso signed a fresh multi-year deal with Aston Martin that will take him until at least the end of the 2026 season.

Lance Stroll – Contracted for ‘2025 and beyond’

Having previously been considered to be on a rolling contract, Lance Stroll was announced in June 2024 to a contract extension with Aston Martin that would see him into ‘2025 and beyond’.

Pierre Gasly – Contract until at least end of 2026 [‘multi-year’ deal beyond 2025]

Pierre Gasly left the Red Bull stable to join Alpine as a replacement for Alonso for the start of 2023, on a two-year deal initially.

Gasly signed a new multi-year deal with Alpine for the start of the 2025 season, so while no exact end date was named, this means his new deal will not end before 2026.

Esteban Ocon – Contract until end of 2024

Esteban Ocon’s performances as Alonso’s team-mate prompted Alpine to sign him to a long-term deal back in 2021, which comes to an end at the conclusion of 2024.

He currently forms an all-French line-up with Gasly at Formula 1’s French constructor, but the team confirmed they would be parting ways with Ocon at the end of the season.

Alex Albon – Contract until end of 2026

Alex Albon was labelled ‘hot property’ by his former boss, Red Bull team principal Christian Horner, as he has rebuilt his reputation – and some – following a somewhat bruising stint as Max Verstappen’s team-mate.

But after penning a new Williams deal, Albon will be with the Grove-based team until at least the end of 2026, committing his future there as they continue their fightback on the grid.

Logan Sargeant – Contract until end of 2024

Logan Sargeant had been fighting for his future after a rookie season in which he was out-qualified 22-0 by Albon at Williams, with a healthy defeat in points come season’s end too.

He improved enough in the second half of the year to convince team principal Vowles to keep him on for a second season, however, getting closer to Albon’s benchmark as 2023 progressed.

Valtteri Bottas – Contract until end of 2024

Valtteri Bottas signed the first multi-year contract of his career when he left Mercedes for what was Alfa Romeo at the end of 2021, which is due to expire in 2024.

Now known as Stake F1, Bottas has said before he hopes to stay at the Hinwil-based team until their 2026 majority takeover by Audi.

Zhou Guanyu – Contract until end of 2024

Zhou Guanyu earned a third one-year deal with Alfa Romeo/Sauber/Stake F1 for his solid performances alongside Bottas in the early part of his career.

He’ll have a chance to impress for another season, though with Audi’s arrival coming down the road and Nico Hulkenberg’s upcoming arrival, the pressure is on for him to deliver.

Daniel Ricciardo – Contract until end of 2024

Having been on the sidelines for the first half of 2023, Daniel Ricciardo was parachuted back onto the grid to replace Nyck de Vries at AlphaTauri after only 10 races.

After impressing enough in his early outings, broken hand and multiple missed races aside, Red Bull opted to sign Ricciardo for a full season in 2024 as he looked to stake his claim for another stint at the top team.

Yuki Tsunoda – Contract until end of 2025

Yuki Tsunoda kept his seat at Red Bull’s junior team for a fourth season after impressively keeping De Vries at bay in the first half of 2023, and keeping Ricciardo and Liam Lawson honest as his team-mates at other points.

His excellent early form at the start of 2024 ensured RB took up their option on him for 2025 early, keeping him at Red Bull’s sister team for what would make him the Faenza team’s longest-serving driver since they were bought by Red Bull.

Kevin Magnussen – Contract until end of 2024

Having been called back into Formula 1 at short notice in 2022, Kevin Magnussen was quickly given a multi-year deal by Haas that was extended for 2024.

Nico Hulkenberg – Contract until end of 2024 [Haas], ‘multi-year contract’ [Sauber/Audi]

After impressing on his return to Formula 1 on a full-time basis with Haas, Nico Hulkenberg was swiftly rewarded with another year at the team, then was taken up with a further driver move by heading to Sauber for 2025, following the Hinwil-based team through its transition to Audi for the 2026 season.