Race Weekend Central

Max Verstappen Signs 5-Year Extension with Red Bull

Fresh off winning the Formula 1 championship last year, Max Verstappen has signed a five-year contract extension with Oracle Red Bull Racing Team, the organization announced March 3.

Sports Business Journal motorsports reporter Adam Stern reported the deal, which runs through 2028, is expected to pay Verstappen around $50 million annually.

“I really enjoy being part of the Oracle Red Bull Racing Team, so choosing to stay to the 2028 season was an easy decision,” Verstappen said in the team release. “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.”

Overall, Verstappen has 20 wins and 60 podium finishes in his F1 career. In addition to winning the championship last year, the Dutch driver has finished inside the top 10 in the championship standings every year since 2016.

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“To have Max signed with Oracle Red Bull Racing through to the end of 2028 is a real statement of intent,” team CEO and principal Christian Horner added. “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.”

The 2022 F1 season is set to kick off in Bahrain on March 20.

About the author

Mark Kristl joined Frontstretch at the beginning of the 2019 NASCAR season. He is the site's ARCA Menards Series editor. Kristl is also an Eagle Scout and a proud University of Dayton alum.

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