Nico Rosberg’s retirement from the F1 caused string of changes in team lineups going into 2017 season and we take a look at every driver’s contract and salary details for 2017. Biggest change being Valtteri Bottas joining Mercedes on a 1 year deal where he will earn around £7 million a year with option to extend the contract to 2018.
Sebastian Vettel is the highest paid Formula 1 driver going into the 2017 F1 season with a record 3 year deal with Ferrari worth $150 million he is also one of the highest paid athlete/sportsman in the world. Lewis Hamilton also signed new 3 year deal to remain with Mercedez worth $31 million a-year guaranteed salary plus upto $10 million in bonuses making him second highest paid driver behind Vettle in 2017. Below is the list of contract and salary details of all formula 1 drivers in 2016 lineup.
We take a look at all Formula 1 drivers salaries and since there have been not many changes in team lineups but alot of new contract extensions has been signed ahead of 2017 season. Below is the details of every driver’s contract on 2016 lineup.
- Valtteri Bottas signed a 1 year deal with Mercedes for 2017 season with option to extend till 2018. He will be doubling his salary from £3.5m with Williams to £7 million a year with Mercedes
- Kimi Raikonnen has signed 1 year contract extension to remain with Ferrari in 2017.
- Lewis Hamilton signed a 3-year contract extension with Mercedes with pretty much the same basic yearly salary of $31 million a year (£20.9m) but with significant increase on grand prix and F1 title win bonuses which could take his yearly salary to $40 million a year (£28m)
- Sebastian Vettel Last year into his 3 year contract with Ferrari earning him around $50 million (£33.4m) guaranteed in first year and $30m a year plus bonuses afterwards making him a highest paid driver in 2017 lineup.
- Fernando Alonso signed record 3-year contract (2015-2017) with McLaren-Honda with annual salary of $40 million (£25.5m) a year including bonuses. He vowed to remain at McLaren in his official statement back in september 2016.
- Daniel Ricciardo was heavily linked with Ferrari before Kimi Rainkonnen extension and he is believed to be on the last year of his current contract with Red Bull going into the 2017 season.
Following are the Formula 1 2017 Drivers Lineup plus their contract with their respective teams and of course reported yearly salaries and bonuses.
|Sebastian Vettel (Ferrari)||$50 million (£33.4m) guaranteed in first year, Basic $30m a year plus bonuses afterwards||3 Years Deal (2015-17)|
|Fernando Alonso (McLaren)||Max $40 million a year including all bonuses||2 Year Deal (2015-17)|
|Lewis Hamilton (Mercedez)||$31 million a year (£20.9m) basic salary plus performance bonuses upto $10m a year||new 3 year deal|
|Kimi Raikonen (Ferrari)||Took a big pay-cut with guaranteed $7 million plus performance bonuses of max $10 million||Signed 1 year extension for 2017 season|
|Valtteri Bottas (Mercedes)||Valtteri will earn around $8.5 million a year (£7m) including bonuses with switch to Mercedes||1 Year Deal (2017)|
|Daniel Ricciardo (Red Bull)||$6.5 million a year (£5.2m) guaranteed salary plus bonuses Re-negotiated financial terms.||New 2 year deal from 2017 to 2018|
|Felipe Massa (Williams)||$3.5 million a year – came out of retirement and took a paycut to drive for Williams||1 year extension for 2017|
|Nico Hulkenberg (Renault F1)||$3 million a year||Joins Renault F1 with 1 year deal|
|Max Verstappen (Red Bull)||$3 milion a year – Although Verstappen already had long-term contract with Red Bull, he re-negotiated financially||Multi-year contract with Red Bull|
|Sergio Perez (Force India)||$2.5 million a year (£2m)||2017 will be last year into his multi-year contract.|
|Romain Grosjean (HAAS F1)||$1.5 million a year – Signed one year deal with HAAS F1||Signed new 1 year for 2017 season.|
|Kevin Magnussen (HAAS F1)||$1 million a year – Signed one year deal with HAAS F1 after rejecting 1 year contract extension from Renault F1||Signed new 1 year for 2017 season.|
|Jolyon Palmer (Renault F1)||$1 million a year||Retained for another year (2017)|
|Daniil Kvyat (Toro Rosso)||$750,000 a year – Retained by Toro Rosso after intense speculations of them letting Kvyat go in 2016. 2017 could be his last chance as f1 driver.||Retained for 2017 season.|
|Carlos Sainz (Toro Rosso)||$750,000 a year. Extended his contract for 2017 season 2017 will be his third consecutive season with the team.|
|Esteban Ocon (Force India)||$185,000 a year – Force India promoted him to partner Sergio Perez after Hulkenburg left the team.||Signed new 1 year for 2017 season.|
|Stoffel Vandoorne (McLaren)||$300,000 a year plus bonuses||1 year deal for 2017|
|Marcus Ericsson (Sauber)||$285,000 a year||Signed 1 year extension for 2017|
|Pascal Wehrlein (Sauber)||$150,000 a year||Joined Sauber for 2017 season.|
|Lance Stroll (Williams)||Not known. Some reports suggest his father Lawrence Stroll is investing $35 million to the team for Lance to drive for them.||1 year deal for 2017.|