Charles Leclerc – Ferrari: details of the new agreement
Although Ferrari team principal Frederic Vasseur stated that negotiations with the drivers – both out of contract at the end of the 2024 Formula 1 championship – would not begin before winter, in recent days, several rumors have emerged suggesting that Charles Leclerc and Ferrari are already in an advanced stage of negotiations to formalize the renewal of the Monegasque star with the Maranello-based team.
Back in 2019, Charles Leclerc had already committed to Scuderia Ferrari with a five-year contract after an impressive debut season in which he secured seven pole positions – the most in that year – and two victories within 8 days at Spa-Francorchamps and Monza. The ‘tradition’ of a five-year renewal will likely be respected, but the contract is rather detailed.
According to reports from sportune.20minutes.fr, Charles Leclerc’s renewal with Ferrari will follow a 2+3 formula for the sporting seasons. The first two years, 2025-2026, do not include any exit clauses. In 2026, Formula 1 is expected to undergo a significant regulatory revolution with the arrival of new power units, a new year zero that could see some teams perfectly nailing the new car, while others may struggle to adapt. In 2022, Ferrari arrived at the new regulations in great shape, but it wasn’t the case in 2014.
For this reason, the seasons 2027, 2028, and 2029 will include exit clauses based on performance and results that could potentially allow Charles Leclerc to free himself from the contract that binds him to the Ferrari team. Regarding the salary, the total agreement is around 185 million euros overall, with an increasing trend to reward Charles Leclerc’s loyalty if he faces a car that is not competitive for the world championship. The compensation could be ‘skewed’ to involve an astounding sum of 50 million euros in 2029.