George Russell Reportedly Set for lucrative Contract Extension with Mercedes
Mercedes-AMG Petronas F1 Team poised to reward Russell’s performance with a multi-year deal.
Published: April 15, 2025
George Russell’s stellar performance in the early stages of the 2025 Formula 1 season appears to have solidified his position as a key figure within the Mercedes team. Following a strong second-place finish at the Bahrain Grand Prix, the opening race of the season, behind mclaren’s Oscar Piastri, and consistent podium finishes in the subsequent races, Russell is currently fourth in the World Championship standings, a mere 14 points behind leader Lando Norris.His consistent performance is a stark contrast to the struggles early in the season for other top drivers.
Speculation is now mounting that Mercedes is ready to reward the 27-year-old British driver with a lucrative contract extension. Sources indicate that the deal is expected to secure Russell’s future with the team for at least two more years, with an option to extend through 2028. This move signals Mercedes’ commitment to building their team around Russell as they navigate the post-Lewis Hamilton era.
According to paddock sources, Russell is expected to sign a two-year extension with an option for 2028.
The agreement is believed to be worth around $30 million per season.
[GeorgeispartofMercedesthisiswhereheismeanttobeThecontractwillbesigned
just…[GeorgeispartofMercedesthisiswhereheismeanttobeThecontractwillbesigned
— Mercedes-AMG Passion Club (@MercedesAMGPCF1) April 14, 2025
Beyond the extended tenure, the new contract is expected to include a substantial salary increase, possibly boosting Russell’s earnings to $30 million per season. This places him among the top earners in Formula 1, reflecting his growing importance to the Mercedes team and solidifying his status as a front-running driver.
Strategic Implications for Mercedes
The decision to invest heavily in Russell underscores a strategic shift for Mercedes. With Lewis Hamilton’s departure, the team is clearly focused on building a future around Russell. Team principal Toto Wolff appears to view Russell as a more cost-effective and stable option compared to pursuing high-profile, and potentially volatile, drivers like Max verstappen, who has been repeatedly linked to Mercedes in the past. By securing Russell’s services, Mercedes aims to maintain a competitive edge while fostering a cohesive and long-term team dynamic.
This move also reflects the growing trend in Formula 1 of teams investing in young, talented drivers.Much like McLaren’s investment in Lando norris and Oscar Piastri, Mercedes is banking on Russell’s potential to deliver consistent results and challenge for championships in the years to come. the financial commitment demonstrates their belief in his ability to lead the team forward.
Contract Details and Financial breakdown
While the official details of the contract have not been released, industry insiders suggest the following key terms:
| Term | Details |
|---|---|
| Contract Length | 2 years (with an option for 2028) |
| Annual Salary | $30 million (estimated) |
| performance Bonuses | Likely included based on race wins, podium finishes, and championship position. Specifics not yet public. |
| Other Benefits | Standard benefits package for F1 drivers, including travel, accommodation, and personal support staff. |
The reported $30 million annual salary positions Russell among the highest-paid drivers on the grid. This figure reflects not only his on-track performance but also his marketability and the value he brings to the Mercedes brand. Such an investment highlights the financial stakes involved in Formula 1 and the premium placed on securing top talent.
Looking Ahead: The Saudi Arabian Grand Prix
As the Formula 1 season progresses, all eyes are now on the Saudi Arabian Grand Prix, scheduled for April 18-20. Russell will be looking to build on his strong start to the season and further cement his position as a championship contender. The race presents a new set of challenges, with its high-speed street circuit demanding precision and bravery. For U.S. viewers, the race will be broadcast on ESPN and available through streaming services like ESPN+.
