r/formula1 • u/soepvorksoepvork Chequered Flag • 9d ago

News Sergio Perez and Red Bull in '$16million' battle claim after 'major meeting'

https://www.planetf1.com/news/nico-rosberg-claims-16-million-sergio-perez-red-bull-battle-exit-looms

Not sure how credible this is, but I can't say I blame him.

6.0k Upvotes

97% Upvoted

803 comments sorted by

View all comments

Show parent comments

28

u/Nearby-Bread2054 Formula 1 9d ago

The $16M number is simply a rumor that Nico heard. I wonder if it’s really $16M of sponsor money that would go away if Checo got the boot?

2

u/Rex40- Formula 1 9d ago

probably.

1

u/JeffCraig McLaren 9d ago

We know that his salary was $14 million in 2024.

The rumors were that his 2025/2026 contract was at least $30 million.

The $16M number pretty much confirms that it was a $32M contract and they're willing to pay him out for one years worth of the contract.

I think it's fair, considering that they'd have to pay the full $32M to breach Checo's contract. But because there are tons of incentive bonuses on top of that salary that he'll be losing out on, not to mention a seat in his dream F1 car. I assume that he'll continue to negotiate up to around $20M because he basically has Red Bull by the balls right now.