Lewis Hamilton has secured a third season with Ferrari after meeting performance clauses in his January 2024 agreement. George Russell's partnership with Mercedes has also been extended through 2027 following the team's decision after the Spanish Grand Prix.
The extensions were triggered by options already in existing contracts rather than new signings. Hamilton's deal automatically renewed when he satisfied the required clauses. Mercedes exercised its option on Russell after the Barcelona race, ensuring he will race his sixth season with the team alongside Kimi Antonelli.
Reports linking Max Verstappen to McLaren emerged around the same time but appear aimed at strengthening his position with Red Bull. McLaren chief Zak Brown told Sky TV that the team would consider Verstappen only under unlikely circumstances. A meeting three weeks ago in Austria involving Verstappen, his father Jos, and Red Bull shareholders highlighted ongoing contract talks.
Red Bull faces pressure to retain its star driver after recent key departures. Discussions suggest Verstappen's next agreement could include team equity, reflecting his strong negotiating stance.
