Home F1 2017 Vettel insisting on 1-year contract, despite €120 million offer
Vettel insisting on 1-year contract, despite €120 million offer
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Vettel insisting on 1-year contract, despite €120 million offer

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Formula 1 championship leader Sebastian Vettel’s contract talks have reportedly been complicated because the German is keen on a one-year contract extension with the Maranello team, rather than a multi-year contract. 

Vettel’s Ferrari contract expires at the end of the year, however is currently leading the world championship — something that no other driver has managed to do, other than the two Mercedes drivers – Hamilton and Rosberg during this turbo era — and Ferrari have not been reluctant to admit that they plan on resigning the German for 2018.

However, given the driver market situation, such as potential openings at the Mercedes Formula 1 team — who have won both drivers’ and constructors’ championships for the last three years — Vettel is keen not to tie himself at Ferrari.

Sources have indicated that Ferrari have already pitched Vettel an offer beyond the 2017 season, which is reportedly €120 million — and the four time world champion would have a very similar salary bracket to Lewis Hamilton, who currently is the highest paid driver on the grid.

“It’s true that I haven’t got a contract yet,” Vettel admitted, “but I think the primary objective at the moment is not worrying about papers but making sure we get good results.” 

“As I’ve said, I’m not in a rush, I don’t think the team (Ferrari) is in a rush, and as far as I understand I think I have a good contact with the team and they would tell me otherwise,” said the 30-year-old.

Finland’s Ilta Sanomat newspaper is reporting that Ferrari are not keen on signing the championship leader on just a one year deal, which means the contract talks have become complicated.

Many sources and pundits inside the F1 paddock suggest that Vettel’s attention could be with the Mercedes Formula 1 team for 2019, with the expectation that Lewis Hamilton will retire after the 2018 season, opening up a space for Vettel.