• Loading stock data...
Thursday September 19, 2024

Max Verstappen Ties Lewis Hamilton with Record $53M Contract

  • The 24-year-old Formula One champion agreed to a multiyear deal with Red Bull Racing.
  • Verstappen has 20 career Formula One victories, including 10 in 2021.
Jerome Miron-USA TODAY Sports/Design: John Regula

In December, Max Verstappen squeaked by legend Lewis Hamilton in the final race of the season for his first Formula One World Drivers’ Championship.

On Wednesday, the 24-year-old joined Hamilton at the top of the highest-paid F1 drivers list, agreeing to a multiyear deal with Red Bull Racing for a reported $53.3 million a year. 

With seven-time champ Hamilton in the final stages of a storied career at age 37, Verstappen’s meteoric rise positions him as the future face of Formula One.

  • At 17 years, 166 days, he became the youngest driver to compete in an F1 race (2015 Australian Grand Prix).
  • At 18, he won the 2016 Spanish Grand Prix to become the youngest F1 Grand Prix winner.
  • Verstappen’s 10 wins in 2021 snapped Hamilton’s streak of seven straight years with the most F1 victories.
  • He has a reported net worth of $60 million.

His stunning victory at the Abu Dhabi Grand Prix — in which he passed Hamilton on the last lap to win by 2.256 seconds — also made him the first Dutch F1 World Drivers’ Champion.

Verstappen will begin defending his title when the 2022 season kicks off March 20 at the Bahrain Grand Prix. 

But for at least one more season, Hamilton (+145*) remains the favorite for the championship over the young superstar (+285*).

Linkedin
Copy Link
Link Copied
Link Copied

What to Read

MLS
Sponsored

MLS’ Chris Schlosser on Pioneering the Digital-First Sports League with AI

Sports Content Kings MLS’ Chris Schlosser on Pioneering the Digital-First Sports League…

Former Donda Academy Basketball Players Join New Teams

Several top high school tournaments have dropped Ye's team from their schedules.
exclusive

DraftKings Reports $502M in Revenue, Projects Heavy Losses

DraftKings is still on the road to profitability.
Liberty-Media

F1, Braves Power Liberty Media's Q3

Liberty Media reported revenue increases across F1, Braves Group, and SiriusXM.

Featured Today

Commanders Sale Could Hit $7B, Durant Wants In

A Washington Commanders sale could be wrapped up by the spring.
November 6, 2022

How the Astros Won the World Series Without Breaking the Bank

The Astros won the World Series with underpriced talent.
November 5, 2022

ESPN College GameDay Means More to Schools Than a Saturday Morning Spotlight

Schools reap ‘immeasurable’ benefits when the ESPN bus rolls into town.
kyrie-irving-nike
November 4, 2022

Nike Suspends Relationship With Kyrie Irving Over Antisemitism

After several days of silence, the brand has dropped Irving.

Careers

Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world with Jobbio.
Sr. Account Manager
Miami Heat
Miami, FL
Director of Ads
Nike
Portland, OR – Hybrid
Sports Journalist
CBS Sports
New York City, NY

Brooklyn Nets Suspend Kyrie Irving for Five Games Without Pay

The Brooklyn Nets have suspended Kyrie Irving without pay for at least five games for "failure to disavow antisemitism."
October 31, 2022

Dustin Johnson Took Home $35.9M in LIV’s Debut Season

It's the sum of winnings from eight events and two championships.
cricket
October 28, 2022

How the U.S. Got A New Pro Cricket League

Major League Cricket is working with the American cricket community to establish cricket as a leading sport in the United States in the coming years.
October 26, 2022

Lewis Hamilton Is Launching A TV and Film Production Company

Dawn Apollo Films has already begun work on a movie and documentary.
October 26, 2022

Jaylen Brown, Aaron Donald Exit Donda Sports Amid Controversy

The pair left Ye's sports marketing agency after signing earlier this year.
serena_williams_gestures_to_crowd
October 25, 2022

Serena Williams Continues To Drop Comeback Hints

Serena Williams has declared that she is "not retired."
October 25, 2022

Aaron Judge Could Command Record $500M In Free Agency

Aaron Judge's gamble in 2022 could produce MLB's largest contract.
October 25, 2022

Brittney Griner's Appeal for 9-Year Prison Sentence Denied

The WNBA star is currently being held in a penal colony outside Moscow.