Formula 1 Driver Salaries In 2020
Formula 1 driver salary? What is the average F1 salary of 2020? F1 driver salaries 2020? Formula 1 Driver Salaries? How much do F1 drivers make a year if they win? How much do F1 drivers earn per year in Salary? We take a look at every F1 driver salary and contract details for 2020.
The Biggest change includes 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 2020. Here we take a look at the Formula 1 Driver Salaries 2020.
Highest paid Formula 1 driver 2020
Highest paid F1 driver in 2020
The highest paid Formula 1 driver in history has to be the retired F1 driver Michael Schumacher. Who is the highest paid F1 driver 2020? Sebastian Vettel is the highest paid Formula 1 driver in the 2020 F1 season with a record 3-year-deal with Ferrari worth $150 million. Sebastian Vettel is also one of the highest paid sportsmen in the world.
Second Highest paid Formula 1 driver 2020? Englishman Lewis Hamilton also signed a new 3-year-deal to remain with Mercedez, which is worth $31 million a-year plus up to $10 million in bonuses. This makes him the second-highest paid driver behind Vettel in 2020.
Formula 1 Driver Salaries 2020
Below is the list of contract and salary details of all formula 1 drivers in 2017/18 lineup. Also check out our list on the F1 Prize money in 2020.
F1 Driver contract extensions and new deals 2020
Valtteri Bottas has a new contract with Mercedes until 2019. He then has an option to extend his contract. Bottas’ salary will be doubled if he does, which will be worth around £7 million a year.
Kimi Raikonnen signed a new one-year contract extension for to remain at Ferrari this year in 2020.
Lewis Hamilton signed a 3-year contract extension in 2016 with Mercedes. Hamilton has a basic yearly- salary of $31 million a year (£20.9m) but has huge bonuses from Grand Prix and F1 title win.
Sebastian Vettel signed a new 3-year deal at Ferrari to remain in the team until 2020. Vettel’s new contract will get him a lower basic salary. But Ferrari included massive bonuses for race wins and championships. If Vettel wins 2020 F1 title he will earn a massive $50 million (£33.4m).
Fernando Alonso signed a contract extension with McLaren-Honda that has an exit option for 2019. Alonso will be earning a lower basic salary of $30 million a yea but he will have bonuses.
Daniel Ricciardo is linked with Ferrari and has reportedly agreed to join Ferrari in 2019. Ricciardo is in the last year of his current deal with Red Bull and at the end of 2020 he will be a free agent.
List of Formula 1 Driver Salaries 2020
F1 driver salaries 2020? List of Ferrari, McLaren, Red Bull, Sauber and Williams F1 driver salaries? Here the list with Formula 1 Driver Salaries 2020:
Ferrari F1 Driver Salaries
|Sebastian Vettel (Ferrari)||Vettel will earn guaranteed $50m (£33.4m) in first year. Also has a basic salary of $30m- a-year plus bonuses. Vettel is one of the highest paid F1 drivers in 2020.||3 Years Deal (2020-20)|
|Kimi Raikonen (Ferrari)||$7m plus performance bonuses which max out at $10m a year.||Signed 1 year extension for 2020 season|
McLaren F1 Driver Salaries
|Fernando Alonso (McLaren)||Alonso earns $30m a year including all bonuses.||1 Year Deal (2020)|
|Stoffel Vandoorne (McLaren)||$0.03m a year plus bonuses||1 year deal for 2017|
|Daniel Ricciardo (Red Bull)||$6.5m a year (£5.2m) guaranteed salary plus bonuses.||New 2 year deal from 2017 to 2020|
|Max Verstappen (Red Bull)||Max Verstappen earns $3m a year||Multi-year contract with Red Bull|
|Felipe Massa (Williams)||Felipe Massa earns $3.5m a year after he came out of retirement. He took a pay-cut to drive for Williams F1.||1 year extension for 2017|
|Lance Stroll (Williams)||Unknown.||1 year deal for 2017.|
|Nico Hulkenberg (Renault F1)||Hulkenberg earns $3m a year||Joins Renault F1 with 1 year deal|
|Jolyon Palmer (Renault F1)||$1m a year||Retained for another year (2017)|
|Romain Grosjean (HAAS F1)||$1.5m a year – Signed a one-year deal with HAAS F1||Signed a 1 year contract for 2017 season.|
|Kevin Magnussen (HAAS F1)||$1m a year – Signed a one-year contract with HAAS F1 after rejecting a new contract from Renault F1. ||Signed new 1 year deal for 2017 season.|
|Daniil Kvyat (Toro Rosso)||$0.75m a year||Retained for 2017 season.|
|Carlos Sainz (Toro Rosso)||Sainz earns $0.75m a year. ||Extended for 2017 season|
|Sauber Drivers F1|| F1 salary||Sauber F1 Contract terms|
|Marcus Ericsson (Sauber)||$0.285m a year||Signed 1 year extension for 2017|
|Pascal Wehrlein (Sauber)||$$0.15m a year||Joined Sauber for 2017 season.|
|Lewis Hamilton (Mercedez)||Hamilton earns $31m a year (£20.9m) guaranteed plus performance bonuses of max $10m a year||3 year deal|
|Valtteri Bottas (Mercedes)||Bottas earns $8.5m a year (£7m) including bonuses||1 Year Deal (2020)|
How much do F1 drivers get paid for winning a race
How much do F1 drivers earn per race? See Formula 1 Prize Money 2020 if you want to know how much do F1 drivers get paid for winning a race.
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