By officially extending his F1 contract at Ferrari until 2024, Charles Leclerc would have benefited at the same time from a significant salary increase.
After only one season with Ferrari, Charles Leclerc has already extended his contract with the Italian team. Initially under contract until 2022, the Monegasque is now linked to the Scuderia for two more years, until 2024.
The 22-year-old driver has thus seen his good performances during the 2019 season rewarded by Ferrari, having finished on the podium ten times this year in addition to winning two Grand Prix and the home race at Monza at the beginning of September.
Having met the expectations placed in him, Charles Leclerc has started his adventure with Ferrari and would have seen his salary increased significantly during the contract extension made official on Monday.
According to information reported by F1i, by extending his contract with Ferrari, Charles Leclerc would also have seen his annual emoluments rise to 9M€/year from 2020, excluding bonuses and bonuses, that is to say more than three times his salary for the year 2019.
The Monte-Carlo-born driver nevertheless remains below the salary of his team-mate Sebastian Vettel, who has received a salary of €35m per year since joining the Scuderia in 2015.
The fact remains that with this contract extension, Charles Leclerc is definitely signing up for the long term with Ferrari, while Sebastian Vettel has still not seen his contract renewed even though it will end at the end of the next season.
Meanwhile, the spectre of team orders will remain for 2020 according to Ferrari bosses. According to Ferrari CEO Louis Camilleri, the priority will be to keep the team as stable as possible under the management of Mattia Binotto.
“Certainly it was not an easy exercise and everybody can do better,” said Binotto. “But I think the attempt of managing them since the very first time in Australia, is something different,
“It is often said we should have let them race in the very first race. We are still very convinced that trying to manage them is the best way in order to score team points when you get to the end of the season.
“And we believe that if you are optimising the team points at the end as well, you also optimise what may be the outcome for the drivers. So we were trying to manage them in the very first race.
“I believe that we can be stronger next year. We now have meetings with the drivers before the race to discuss scenarios, what may happen, what can be the team’s strategy.” concludes Binotto.