• Loading stock data...
Wednesday, May 21, 2025

Max Verstappen Ties Lewis Hamilton with Record $53M Contract

  • The 24-year-old Formula One champion agreed to a multiyear deal with Red Bull Racing.
  • Verstappen has 20 career Formula One victories, including 10 in 2021.
Jerome Miron-USA TODAY Sports/Design: John Regula

In December, Max Verstappen squeaked by legend Lewis Hamilton in the final race of the season for his first Formula One World Drivers’ Championship.

On Wednesday, the 24-year-old joined Hamilton at the top of the highest-paid F1 drivers list, agreeing to a multiyear deal with Red Bull Racing for a reported $53.3 million a year. 

With seven-time champ Hamilton in the final stages of a storied career at age 37, Verstappen’s meteoric rise positions him as the future face of Formula One.

  • At 17 years, 166 days, he became the youngest driver to compete in an F1 race (2015 Australian Grand Prix).
  • At 18, he won the 2016 Spanish Grand Prix to become the youngest F1 Grand Prix winner.
  • Verstappen’s 10 wins in 2021 snapped Hamilton’s streak of seven straight years with the most F1 victories.
  • He has a reported net worth of $60 million.

His stunning victory at the Abu Dhabi Grand Prix — in which he passed Hamilton on the last lap to win by 2.256 seconds — also made him the first Dutch F1 World Drivers’ Champion.

Verstappen will begin defending his title when the 2022 season kicks off March 20 at the Bahrain Grand Prix. 

But for at least one more season, Hamilton (+145*) remains the favorite for the championship over the young superstar (+285*).

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Lewis Hamilton Admits Early Days With Ferrari Have Been ‘Tough’

Hamilton sits at seventh in the drivers’ championship.
Max Verstappen

FIA Finally Backs Off From F1 Swearing Crackdown

Drivers and FIA bosses have feuded over cursing for months.

McLaren’s F1 Powerhouse Can Only Compete With Itself

Max Verstappen acknowledged that McLaren is the team to beat.
Kansas City Chiefs quarterback Patrick Mahomes (15) raises the Lamar Hunt Trophy with tight end Travis Kelce (87) after the AFC championship NFL game between the Cincinnati Bengals and the Kansas City Chiefs on Jan. 29, 2023, at Arrowhead Stadium in Kansas City.

F1 Team Part-Owned by Mahomes, Kelce Makes Changes Amid Struggle

Alpine is ninth in the constructors’ championship.

Featured Today

AA Mint Cards

Young Collectors Are on a High-Stakes Chase for Ultra-Rare Trading Cards

“They just want that excitement of the chase,” says a 23-year-old collector.
Donnie Gobourne JDL
May 17, 2025

U.S. Professional Softball Players Are Flocking to Japan to Get Paid

The Diamond League offers paychecks and amenities that the U.S. can’t beat.
Jun 1996; Seattle, WA USA; FILE PHOTO; Seattle Supersonics guard Gary Payton (20) lays the ball up against the Chicago Bulls during the 1996 NBA Finals at Key Arena.
May 15, 2025

5,000 Pieces of Thunder History Are Hidden in Seattle

Sonics championship banners, trophies, and retired jerseys are all in one place.
Ohio State Buckeyes safety Caleb Downs (2) returns an interception during the second half of the Cotton Bowl Classic College Football Playoff semifinal game against the Texas Longhorns at AT&T Stadium in Arlington, Texas on Jan. 10, 2025. Ohio State won 28-14.
May 15, 2025

House v. NCAA Settlement to Pay College Athletes: All Your Questions Answered

The yearslong lawsuit over player compensation is in the home stretch.
May 5, 2025; Phoenix, Arizona, USA; New York Mets outfielder Juan Soto in the eighth inning against the Arizona Diamondbacks at Chase Field.

Did Juan Soto Really Want to Be a Met? Ex-Yankee Star Under..

Recent struggles for the superstar and the team counter a hot start.
May 18, 2025

PGA Championship Increases Purse to Record $19 Million

In 2024, the major championship offered $18.5 million in prize money.
May 19, 2025

The Rivalry the WNBA Wants—but Clark and Reese Aren’t Selling

Indiana is 4–1 against Chicago since the two stars were drafted a year ago.
Sponsored

Game On: Portfolio Players Stories, Brought to You by E*TRADE from Morgan Stanley

In Episode 6 of Portfolio Players, dive into the world of sports investment with George Pyne, founder and CEO of Bruin Capital. Discover why owning a sports team is considered recession-proof, how leagues like MLB and UFC have adapted to the new media landscape, & the complexities of NIL.
Brock Purdy
May 16, 2025

Brock Purdy, 49ers Agree to Deal With $181 Million Guaranteed

Purdy and the 49ers have their long-awaited extension.
Charles Woodson
May 15, 2025

Charles Woodson Has to Take Name Off Booze for New Browns Stake

Woodson will have to tweak the promotion of Woodson’s Intercept Wines.
Jayson Tatum
May 13, 2025

Celtics’ Uncertain Future Gets Murkier With Tatum Achilles Rupture

The Boston star had surgery on Tuesday.
Apr 29, 2025; Indianapolis, Indiana, USA; Milwaukee Bucks forward Giannis Antetokounmpo (34) dribbles the ball while Indiana Pacers forward Jarace Walker (5) defends during game five of the first round for the 2024 NBA Playoffs at Gainbridge Fieldhouse.
May 12, 2025

Giannis Antetokounmpo ‘Open-Minded’ to Leaving Bucks: Report

The Bucks star has spent his entire 12-year career with the organization.