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Verstappen signs new contract to stay at Red Bull until 2028
Red Bull has confirmed reigning world champion Max Verstappen has signed a new contract to stay at the team until 2028. The five-year extension is reported to be worth $55 million a year, moving Verstappen level with the figure that Lewis Hamilton is believed to earn at Mercedes. After winning the championship last year, Verstappen said he wanted to stay at Red Bull for life and the new deal, which is in addition to Verstappen's current Red Bull contract that runs until 2023, will see the 24-year-old remain at the team until he is 30. Editor's Picks Reasons for hope and concern for F1's 10 teams after the first test
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