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 2024
Sergio Perez penned a two-year contract extension with Red Bull in Monaco in 2022, but his seat is perhaps the most coveted on the grid and his situation will be watched closely throughout 2024.
Perez will be doing all he can to extend his time with Red Bull, with his current deal expiring at the end of this season.
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.
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 for four seasons in a row, with Russell looking to stamp his authority and show himself as the team’s next leader.
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 remains 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 – Contract duration unknown
As the son of Aston Martin team owner Lawrence Stroll, Lance’s contract is widely considered to be a rolling one.
Pierre Gasly – Contract until end of 2024
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.
His future may be one of the simpler stories of the 2024 season, with his contract including an option for the 2025 season if he and the team are satisfied with the direction of travel.
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, with a distinct ‘national team’ feel in place at Alpine.
Alex Albon – Contract until end of 2025
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.
It was initially thought his deal was up in 2024, but Williams team principal James Vowles confirmed in a press conference Albon’s deal runs through until 2025.
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 2024
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.
He’ll also be wanting to stake his claim for a Red Bull seat in 2025, with a fifth year with the sister squad unlikely.
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.
F1 driver contracts: Which year does each driver’s deal expire?
Max Verstappen – 2028
Sergio Perez – 2024
Lewis Hamilton – 2026 [minimum]
George Russell – 2025
Charles Leclerc – unknown
Carlos Sainz – 2024
Lando Norris – unknown
Oscar Piastri – 2026
Fernando Alonso – 2026
Lance Stroll – unknown
Pierre Gasly – 2024
Esteban Ocon – 2024
Alex Albon – 2025
Logan Sargeant – 2024
Daniel Ricciardo – 2024
Yuki Tsunoda – 2024
Valtteri Bottas – 2024
Zhou Guanyu – 2024
Kevin Magnussen – 2024
Nico Hulkenberg – 2026 [minimum]
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