Leclerc extends Ferrari deal (2024)

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MistaVega23
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Leclerc extends Ferrari deal (2024)

Post by MistaVega23 »

https://www.motorsport.com/f1/news/lecl ... l/4616117/

Seems a no-brainer, although I wonder whether Vettel will get even a whiff of an extension offer....
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Re: Leclerc extends Ferrari deal (2024)

Post by mikeyg123 »

I kind of think he will. Teams are very, very cautious with changing drivers these days. Ferrari more than most. He may have to take a pay cut though.

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Re: Leclerc extends Ferrari deal (2024)

Post by Zazu »

Completely unsurprisingly but 5 years just shows how impressive he has been both in the car and with his off track qualities. He could easily be with Ferrari for a decade+

iirc when Perez resigned with Racing Point he had the longest contract in the paddock and it was only 3 years

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Re: Leclerc extends Ferrari deal (2024)

Post by JN23 »

mikeyg123 wrote:I kind of think he will. Teams are very, very cautious with changing drivers these days. Ferrari more than most. He may have to take a pay cut though.
The question then is whether Vettel will be happy to take a pay cut?

I wonder if Leclerc’s extension means anything for the Hamilton to Ferrari stories that won’t go away.

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Re: Leclerc extends Ferrari deal (2024)

Post by pokerman »

MistaVega23 wrote:https://www.motorsport.com/f1/news/lecl ... l/4616117/

Seems a no-brainer, although I wonder whether Vettel will get even a whiff of an extension offer....
This is very similar to Hamilton's contract at McLaren, after his first season he got an extended 5 year contract. It seemed like a good idea at the time but towards the end it somewhat shackled him.
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Re: Leclerc extends Ferrari deal (2024)

Post by pokerman »

Further to the article I'm hearing it's only €9M a year plus the requirement is only for Leclerc to have an experienced teammate.

So no mention that Ferrari need to have a WDC on board, also the quite small contract would perhaps suggest no big name signing alongside Leclerc, would he be happy having a teammate on 4 times his salary?

This perhaps precludes the likes of Vettel and Ricciardo who would have to take a big pay cut, unless Vettel has an outstanding season next year why would Ferrari feel the need to pay him the huge sums they have in the past, same goes for Ricciardo were Ferrari hold all the cards.

So they are either happy to drive for much less money so they can have a race winning capable car or somebody like the Hulk would happily fit the bill who would receive much less money than even Leclerc.
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Re: Leclerc extends Ferrari deal (2024)

Post by Option or Prime »

Thats a really long contract! If Vettel is on $56 million and Leclerc $4.6 million currently where would that be annually then?

I would have though 2 years then renegotiate, must be a serious lump to go for a 5 year contact? Also makes you wonder if the Hamilton bid is serious, he would demand more presumably, that's a lot of money for drivers.

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Re: Leclerc extends Ferrari deal (2024)

Post by pokerman »

Option or Prime wrote:Thats a really long contract! If Vettel is on $56 million and Leclerc $4.6 million currently where would that be annually then?

I would have though 2 years then renegotiate, must be a serious lump to go for a 5 year contact? Also makes you wonder if the Hamilton bid is serious, he would demand more presumably, that's a lot of money for drivers.
I've just posted the contract is just €45M for the 5 years so that suggests the end of the mega contracts for the likes of Vettel.
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Re: Leclerc extends Ferrari deal (2024)

Post by Option or Prime »

OK, thanks Pokerman, so £9 million a year now seems a bit of a bargain, so Vettel's salary would be under that then given this season. Would he be prepared to take an approximate 80% pay cut?

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Re: Leclerc extends Ferrari deal (2024)

Post by mikeyg123 »

Option or Prime wrote:OK, thanks Pokerman, so £9 million a year now seems a bit of a bargain, so Vettel's salary would be under that then given this season. Would he be prepared to take an approximate 80% pay cut?
I think they could still get away with paying Vettel substantially more. Like, what's Leclerc going to do about it now?

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Re: Leclerc extends Ferrari deal (2024)

Post by pokerman »

mikeyg123 wrote:
Option or Prime wrote:OK, thanks Pokerman, so £9 million a year now seems a bit of a bargain, so Vettel's salary would be under that then given this season. Would he be prepared to take an approximate 80% pay cut?
I think they could still get away with paying Vettel substantially more. Like, what's Leclerc going to do about it now?
How does Vettel negotiate that given that the likes of Ricciardo will be on the market, what's telling is just the need for Leclerc to have an experienced teammate.
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Re: Leclerc extends Ferrari deal (2024)

Post by pokerman »

Option or Prime wrote:OK, thanks Pokerman, so £9 million a year now seems a bit of a bargain, so Vettel's salary would be under that then given this season. Would he be prepared to take an approximate 80% pay cut?
Well he's already been rumoured to have been in contact with McLaren, what value do they put on a 4 times WDC?
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Re: Leclerc extends Ferrari deal (2024)

Post by mikeyg123 »

pokerman wrote:
mikeyg123 wrote:
Option or Prime wrote:OK, thanks Pokerman, so £9 million a year now seems a bit of a bargain, so Vettel's salary would be under that then given this season. Would he be prepared to take an approximate 80% pay cut?
I think they could still get away with paying Vettel substantially more. Like, what's Leclerc going to do about it now?
How does Vettel negotiate that given that the likes of Ricciardo will be on the market, what's telling is just the need for Leclerc to have an experienced teammate.
By being better than Leclerc in 2020.

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Re: Leclerc extends Ferrari deal (2024)

Post by Siao7 »

mikeyg123 wrote:
pokerman wrote:
mikeyg123 wrote:
Option or Prime wrote:OK, thanks Pokerman, so £9 million a year now seems a bit of a bargain, so Vettel's salary would be under that then given this season. Would he be prepared to take an approximate 80% pay cut?
I think they could still get away with paying Vettel substantially more. Like, what's Leclerc going to do about it now?
How does Vettel negotiate that given that the likes of Ricciardo will be on the market, what's telling is just the need for Leclerc to have an experienced teammate.
By being better than Leclerc in 2020.
That would be a good start!

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Re: Leclerc extends Ferrari deal (2024)

Post by pokerman »

mikeyg123 wrote:
pokerman wrote:
mikeyg123 wrote:
Option or Prime wrote:OK, thanks Pokerman, so £9 million a year now seems a bit of a bargain, so Vettel's salary would be under that then given this season. Would he be prepared to take an approximate 80% pay cut?
I think they could still get away with paying Vettel substantially more. Like, what's Leclerc going to do about it now?
How does Vettel negotiate that given that the likes of Ricciardo will be on the market, what's telling is just the need for Leclerc to have an experienced teammate.
By being better than Leclerc in 2020.
By being substantially better I would have thought and were talking about an improving Leclerc against a maxed out Vettel and somehow it's Vettel that's going to step things up?
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Re: Leclerc extends Ferrari deal (2024)

Post by mikeyg123 »

pokerman wrote:
mikeyg123 wrote:
pokerman wrote:
mikeyg123 wrote:
Option or Prime wrote:OK, thanks Pokerman, so £9 million a year now seems a bit of a bargain, so Vettel's salary would be under that then given this season. Would he be prepared to take an approximate 80% pay cut?
I think they could still get away with paying Vettel substantially more. Like, what's Leclerc going to do about it now?
How does Vettel negotiate that given that the likes of Ricciardo will be on the market, what's telling is just the need for Leclerc to have an experienced teammate.
By being better than Leclerc in 2020.
By being substantially better I would have thought and were talking about an improving Leclerc against a maxed out Vettel and somehow it's Vettel that's going to step things up?
I'm not saying it's going to happen.

If Ferrari want Vettel and Vettel wants to stay in F1 then they will keep him. I don't think they'll worry about paying him more than Leclerc.

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Re: Leclerc extends Ferrari deal (2024)

Post by pokerman »

mikeyg123 wrote:
pokerman wrote:
mikeyg123 wrote:
pokerman wrote:
mikeyg123 wrote: I think they could still get away with paying Vettel substantially more. Like, what's Leclerc going to do about it now?
How does Vettel negotiate that given that the likes of Ricciardo will be on the market, what's telling is just the need for Leclerc to have an experienced teammate.
By being better than Leclerc in 2020.
By being substantially better I would have thought and were talking about an improving Leclerc against a maxed out Vettel and somehow it's Vettel that's going to step things up?
I'm not saying it's going to happen.

If Ferrari want Vettel and Vettel wants to stay in F1 then they will keep him. I don't think they'll worry about paying him more than Leclerc.
Fair enough but at what pay level, how could they justify paying him at his present level?
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Re: Leclerc extends Ferrari deal (2024)

Post by Option or Prime »

pokerman wrote:
Option or Prime wrote:OK, thanks Pokerman, so £9 million a year now seems a bit of a bargain, so Vettel's salary would be under that then given this season. Would he be prepared to take an approximate 80% pay cut?
Well he's already been rumoured to have been in contact with McLaren, what value do they put on a 4 times WDC?
How on earth would that work then Sainz looked really good this year Norris still on the up, fantastic chemistry between them so they split them up? Vettel isn't exactly a youngster with his next move being to the allotment!

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Re: Leclerc extends Ferrari deal (2024)

Post by Asphalt_World »

Seems a relative bargain by today's standards, but I bet there are are some chances for significant extra earning depending on results. Could be win bonuses and also a massive bonus for a WDC.
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Re: Leclerc extends Ferrari deal (2024)

Post by mikeyg123 »

pokerman wrote:
mikeyg123 wrote:
pokerman wrote:
mikeyg123 wrote:
pokerman wrote: How does Vettel negotiate that given that the likes of Ricciardo will be on the market, what's telling is just the need for Leclerc to have an experienced teammate.
By being better than Leclerc in 2020.
By being substantially better I would have thought and were talking about an improving Leclerc against a maxed out Vettel and somehow it's Vettel that's going to step things up?
I'm not saying it's going to happen.

If Ferrari want Vettel and Vettel wants to stay in F1 then they will keep him. I don't think they'll worry about paying him more than Leclerc.
Fair enough but at what pay level, how could they justify paying him at his present level?
I don't think Leclerc's new contract will have an impact on Vettel's future pay.

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Re: Leclerc extends Ferrari deal (2024)

Post by pokerman »

Option or Prime wrote:
pokerman wrote:
Option or Prime wrote:OK, thanks Pokerman, so £9 million a year now seems a bit of a bargain, so Vettel's salary would be under that then given this season. Would he be prepared to take an approximate 80% pay cut?
Well he's already been rumoured to have been in contact with McLaren, what value do they put on a 4 times WDC?
How on earth would that work then Sainz looked really good this year Norris still on the up, fantastic chemistry between them so they split them up? Vettel isn't exactly a youngster with his next move being to the allotment!
Well Vettel may contact McLaren but McLaren might not be interested?
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Re: Leclerc extends Ferrari deal (2024)

Post by pokerman »

Asphalt_World wrote:Seems a relative bargain by today's standards, but I bet there are are some chances for significant extra earning depending on results. Could be win bonuses and also a massive bonus for a WDC.
He's already had pole positions and wins, I would be guessing winning the WDC would trigger a pay increase?
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Re: Leclerc extends Ferrari deal (2024)

Post by pokerman »

mikeyg123 wrote:
pokerman wrote:
mikeyg123 wrote:
pokerman wrote:
mikeyg123 wrote: By being better than Leclerc in 2020.
By being substantially better I would have thought and were talking about an improving Leclerc against a maxed out Vettel and somehow it's Vettel that's going to step things up?
I'm not saying it's going to happen.

If Ferrari want Vettel and Vettel wants to stay in F1 then they will keep him. I don't think they'll worry about paying him more than Leclerc.
Fair enough but at what pay level, how could they justify paying him at his present level?
I don't think Leclerc's new contract will have an impact on Vettel's future pay.
Not in respect to how he performs relative to Leclerc?

Each WDC pays Vettel $5M?
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Re: Leclerc extends Ferrari deal (2024)

Post by Blake »

Hmmmmmm. Leclerc gets a contract and Vettel gets trashed again.
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Re: Leclerc extends Ferrari deal (2024)

Post by UnlikeUday »

This is an indirect message to Vettel to either clean up his act or forget about contract renewal at the end of this year. This will sadly put more pressure on him & may lead to more mistakes. Question is who would take Vettel's place in 2021? If Bottas, who does Mercedes take? Probably Russell.

Question is now do Red Bull follow suit & try to chain Verstappen for a good amount of years? It might be possible if Red Bull in 2020 would be a WDC contender on a regular basis. Verstappen needs to be even more convinced he can win his maiden title in a Red Bull either in 2020 or '21.
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Re: Leclerc extends Ferrari deal (2024)

Post by mikeyg123 »

Blake wrote:Hmmmmmm. Leclerc gets a contract and Vettel gets trashed again.
The biggest criticism anyone has given him above is that he is "no youngster". Apart from that people are discussing the implications of Leclerc's new contract.

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Re: Leclerc extends Ferrari deal (2024)

Post by pokerman »

Blake wrote:Hmmmmmm. Leclerc gets a contract and Vettel gets trashed again.
Wrong kind of trashing I guess?

In the light of Leclerc's contract why wouldn't Vettel's future be discussed, Leclerc already had a contract until 2022 whilst Vettel's contract runs out next year, yet it's Leclerc's contract that is seemingly prioritised?
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Re: Leclerc extends Ferrari deal (2024)

Post by pokerman »

UnlikeUday wrote:This is an indirect message to Vettel to either clean up his act or forget about contract renewal at the end of this year. This will sadly put more pressure on him & may lead to more mistakes. Question is who would take Vettel's place in 2021? If Bottas, who does Mercedes take? Probably Russell.

Question is now do Red Bull follow suit & try to chain Verstappen for a good amount of years? It might be possible if Red Bull in 2020 would be a WDC contender on a regular basis. Verstappen needs to be even more convinced he can win his maiden title in a Red Bull either in 2020 or '21.
I never thought about Bottas going to Ferrari I was thinking more in terms of Ricciardo, but that is a possibility and like you say Russell would then be a shoe in at Mercedes.

Verstappen is not going to commit to Red Bull long term if they don't supply him with a WDC capable car for 2020, in the short term however he might not have any other options?
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Re: Leclerc extends Ferrari deal (2024)

Post by Option or Prime »

By 2030 there will be 125 million electric vehicles in Worldwide.

So say 60 million in the world in 2025.

https://www.cnbc.com/2018/05/30/electri ... 0-iea.html

The future of F1 might be very different indeed, that might be in the thinking on salaries.

N.B. Apologies the reference I quoted previously was clearly wrong.
Last edited by Option or Prime on Tue Dec 24, 2019 9:17 pm, edited 1 time in total.

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Re: Leclerc extends Ferrari deal (2024)

Post by Herb »

Option or Prime wrote:By 2025 there will be 6.3 billion electric vehicles in Europe, 5 billion in China and 0.9 billion in the USA.

https://www.statista.com/statistics/734 ... les-sales/

The future of F1 might be very different indeed, that might be in the thinking on salaries.
With only 7.5 billion people on the planet. Are those figures right?

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Re: Leclerc extends Ferrari deal (2024)

Post by Option or Prime »

Yes, I agree, the link says billion but it should br million surely!

N.B. Original reference replaced. Incorrect info, sorry gents.

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Re: Leclerc extends Ferrari deal (2024)

Post by -K- »

I also thought of Hamilton being committed to McLaren for a similar period and how it wasn’t great for him at the end, but for Ferrari, I guess it secures Leclerc for the lowest they could possibly get him. He now won’t be able to use a future WDC in negotiations for some time.

I don’t think we’ll ever see Ferrari fall as far back as we saw McLaren do, so there was that plus for Charles. He may also feel that he owes it to Jules to bring Ferrari back to the top, knowing how close he was to joining them. That there has been a Vettel/Leclerc rivalry through the year would have made it a great time for Charles to sign also. Vettel isn’t going to get another 5 years, even if they keep him beyond 2020.

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Re: Leclerc extends Ferrari deal (2024)

Post by kleefton »

IMO there is no chance that contract sees the end of its term. 9m is a joke in today's market for a driver of that caliber. That is not superstar money. It also makes him very easy to lure by the likes of Mercedes and Redbull and whatever team will be a top team in the next 5 years. Will be very interesting to see what they do with Vettel now.

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Re: Leclerc extends Ferrari deal (2024)

Post by pokerman »

kleefton wrote:IMO there is no chance that contract sees the end of its term. 9m is a joke in today's market for a driver of that caliber. That is not superstar money. It also makes him very easy to lure by the likes of Mercedes and Redbull and whatever team will be a top team in the next 5 years. Will be very interesting to see what they do with Vettel now.
It's exactly the same contract that Hamilton signed for McLaren after nearly winning the WDC in his rookie season, the money rose after he won the title the following season I would be guessing the same thing might apply for Leclerc?

For Leclerc do you think that he easily walks into either the Mercedes or Red Bull teams?
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Re: Leclerc extends Ferrari deal (2024)

Post by Blake »

pokerman wrote: For Leclerc do you think that he easily walks into either the Mercedes or Red Bull teams?
Yes, unless an existing driver on one of those teams were to block him. Two reasons: 1) to get a driver with promise, 2) to get him out of the Ferrari.
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Re: Leclerc extends Ferrari deal (2024)

Post by Asphalt_World »

I imagine the small amount each year, relative to some others, will simply increase based on performance, but if he doesn't turn out to be as good as they hope, they're not tied in to a £30,000,000 a year deal.
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Re: Leclerc extends Ferrari deal (2024)

Post by JN23 »

Blake wrote:
pokerman wrote: For Leclerc do you think that he easily walks into either the Mercedes or Red Bull teams?
Yes, unless an existing driver on one of those teams were to block him. Two reasons: 1) to get a driver with promise, 2) to get him out of the Ferrari.
I would disagree with Red Bull whilst they have Verstappen and would say the same with Merc if Verstappen went there. I’m not sure either Red Bull or Mercedes would want Leclerc and Verstappen, unless they though Leclerc was clearly better than Verstappen. Hamilton is different due to his age as Leclerc would be a good replacement for him..

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Re: Leclerc extends Ferrari deal (2024)

Post by DFWdude »

I guess this means LEC will NOT be going to Mercedes, then. Imagine that?

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Re: Leclerc extends Ferrari deal (2024)

Post by pokerman »

Blake wrote:
pokerman wrote: For Leclerc do you think that he easily walks into either the Mercedes or Red Bull teams?
Yes, unless an existing driver on one of those teams were to block him. Two reasons: 1) to get a driver with promise, 2) to get him out of the Ferrari.
I don't understand why you think that it might be as defining as another driver blocking him, it's often the teams that decide such things. When Hamilton wanted out at McLaren he found the doors firmly shut at both Ferrari and Red Bull with both teams using words like not wanting 2 roosters in the same hen house, how did that work out for Ferrari last year?

Drivers can't necessarily just walk into any team they might desire no matter who they are.
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Re: Leclerc extends Ferrari deal (2024)

Post by Blake »

pokerman wrote:
Blake wrote:
pokerman wrote: For Leclerc do you think that he easily walks into either the Mercedes or Red Bull teams?
Yes, unless an existing driver on one of those teams were to block him. Two reasons: 1) to get a driver with promise, 2) to get him out of the Ferrari.
I don't understand why you think that it might be as defining as another driver blocking him, it's often the teams that decide such things. When Hamilton wanted out at McLaren he found the doors firmly shut at both Ferrari and Red Bull with both teams using words like not wanting 2 roosters in the same hen house, how did that work out for Ferrari last year?

Drivers can't necessarily just walk into any team they might desire no matter who they are.
I am so sorry I even responded to your question. It isn't worth it. I merely expressed my thoughts.
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