After helping McLaren to a constructor’s championship in 2024, Oscar Piastri was rewarded with a multi-year contract worth nearly $26 million per year, according to Racing News 365.
The new deal replaces Piastri’s contract that ran through 2026 and was set to pay him over $7 million per season.
“It’s a great feeling knowing that I’m part of McLaren’s long-term vision,” Piastri said in a release. “The team had the belief in me when we signed in 2022, and the journey we’ve gone on over the past two seasons to help return McLaren to the very top of the sport has been incredible.
The 23-year-old Australia native won a pair of races in 2024 and finished fourth in the driver’s standings with 292 points, while teammate Lando Norris was the runner-up with four wins and 374 points. Norris signed a long-term extension before the 2024 season.
The McLaren constructor’s title ended a two-year title run for Red Bull and gave the team its first championship since 1998.
Piastri’s deal comes just as F1 is set to open its 2025 season with the Australian Grand Prix on Saturday in his hometown of Melbourne.
–Field Level Media
Last week’s Coca-Cola 600 race winner Ross Chastain arrived for his Nashville Superspeedway press conference Saturday still wearing a smile — and his winner’s ring — from last Sunday’s victory…
Chase Briscoe claimed the Busch Light Pole Award for the second consecutive week and third time of the season Saturday, besting his Joe Gibbs Racing teammate, Denny Hamlin, by only…
Oscar Piastri and Lando Norris captured the 1-2 spots in qualifying on Saturday for the Formula One 2025 Spanish Grand Prix, giving McLaren dominance in the front row. Piastri edged…
Chase Briscoe fastest at Nashville for second consecutive pole
McLaren’s Oscar Piastri, Lando Norris to start 1-2 at Spanish GP
Music City set for encore after 2024’s five-OT thriller
Red Bull’s Christian Horner dismisses rumored Ferrari switch
Field Level Media - Professional sports content solutions | FLM
