Categorized | Formula 1

Formula 1 Driver Salaries In 2018 (Revealed)

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.

Formula 1 driver salaries 2016
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 extended his contract with Mercedes for 2018 season with option to extend till 2019. He will be doubling his salary terms remain the same at £7 million a year with Mercedes thats 100% increase from his £3.5m deal with Williams in 2016.
  • Kimi Raikonnen has signed 1 year contract extension for the third straight year to remain with Ferrari in 2018.
  •  signed a 3-year contract extension in 2016 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) and he will remain with the team till 2019.
  •  Vettel has signed a new 3-year deal with Ferrari to remain with the team till 2020 and his new contract will get him lower basic salary compared to his last contract but Ferrari included massive bonuses for race wins and championships. If Vettel wins 2018 F1 title he will be taking home $50 million (£33.4m) guaranteed in first year.
  • Fernando Alonso signed contract extension with McLaren-Honda with an opt-out option for 2019. Alonso will be earning lower basic salary of $30 million a year compared to his massive last contract where he was earning in the region of $40 million a year.
  • Daniel Ricciardo is heavily linked with Ferrari and believed to have already agreed verbal terms to join Ferrari in 2019. Ricciardo is in the last year of his current deal with Red Bull and at the end of 2018 he will be free to join any other team.

Following are the Formula 1 2018 Drivers Lineup plus their contract with their respective teams and of course reported yearly salaries and bonuses.

Formula One Drivers 2017 Salaries
Sebastian Vettel (Ferrari) $50 million (£33.4m) guaranteed in first year, Basic $30m a year plus bonuses afterwards 3 Years Deal (2018-20)
Fernando Alonso (McLaren) Max $30 million a year including all bonuses (opt-out clause for 2019) 1 Year Deal (2018)
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 2018 season
Valtteri Bottas (Mercedes) Valtteri will earn around $8.5 million a year (£7m) including bonuses with switch to Mercedes 1 Year Deal (2018)
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.

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