Field Level Media
13 Mar 2025, 03:29 GMT+10
(Photo credit: Gary A. Vasquez-Imagn Images)
After helping McLaren to a constructor's championship in 2024, Oscar Piastri was rewarded with a multi-year contract worth nearly $26 million per year, according to Racing News 365.
The new deal replaces Piastri's contract that ran through 2026 and was set to pay him over $7 million per season.
'It's a great feeling knowing that I'm part of McLaren's long-term vision,' Piastri said in a release. 'The team had the belief in me when we signed in 2022, and the journey we've gone on over the past two seasons to help return McLaren to the very top of the sport has been incredible.
The 23-year-old Australia native won a pair of races in 2024 and finished fourth in the driver's standings with 292 points, while teammate Lando Norris was the runner-up with four wins and 374 points. Norris signed a long-term extension before the 2024 season.
The McLaren constructor's title ended a two-year title run for Red Bull and gave the team its first championship since 1998.
Piastri's deal comes just as F1 is set to open its 2025 season with the Australian Grand Prix on Saturday in his hometown of Melbourne.
--Field Level Media
Get a daily dose of Australian Herald news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Australian Herald.
More InformationThe death toll in Friday's massive earthquake in Myanmar has risen above 150, and is expected to rise significantly. Another nine people...
WASHINGTON, D.C.: In response to soaring egg prices and supply shortages driven by a devastating bird flu outbreak, the United States...
WASHINGTON, D.C.: U.S. President Donald Trump vowed this week that more countries will be added to the Abraham Accords, the series...
TOKYO, Japan: This week, Japan's cherry blossom season officially began as experts confirmed the first blooms in Tokyo. A specialist...
CAPE TOWN, South Africa: The U.S. Embassy in South Africa said it received a list of over 67,000 people interested in refugee status...
RALEIGH, North Carolina: North Carolina's highest court has ruled that a mother and her teenage son can pursue a lawsuit over a COVID-19...
SYDNEY, Australia - A recent Roy Morgan survey indicates that if a federal election were held today, the Australian Labor Party (ALP)...
After writing and selling a dark romance novel, a self-published author from Quaker's Hill will appear before a Sydney magistrate on...
(Photo credit: Gary A. Vasquez-Imagn Images) Liam Lawson posted an emotional message over social media in the wake of his demotion...
(250328) -- SINGAPORE, March 28, 2025 (Xinhua) -- Sharne Pupuke-Robati (L) of New Zealand competes during the women's Pool A match...
Canberra [Australia], March 28 (ANI): Australian Prime Minister Anthony Albanese has announced that the federal election will be held...
Canberra [Australia], March 28 (ANI): Former Australian cricketer Steve Waugh has been appointed to the Centre for Australia-India...