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George Russell signs exorbitant salary with Mercedes: One of the highest paid F1 drivers

George Russell’s new Mercedes contract includes a major salary increase to £30 million, making him the third highest paid Formula 1 driver for 2026 with an option for 2027.

  • George Russell and Mercedes AMG F1 confirmed a contract for the 2026 F1 season with a $65 million salary and an option for 2027.
  • Russell had sought a three-year contract and previously demanded 20 million euros annually, while Toto Wolff, team principal of Mercedes AMG F1, preferred a one-year offer, delaying renewal talks.
  • Negotiators agreed that Mercedes reduced marketing obligations to a 35-hour cap after Toto Wolff sought 60 hours, and the contract includes a performance clause plus a guaranteed 2027 payment.
  • The deal places George Russell as the third highest paid driver on the grid, behind Max Verstappen, Red Bull driver, and Lewis Hamilton, Ferrari driver.
  • With market precedent evident, the renewal ends long negotiations and includes clauses allowing Russell to leave Mercedes if uncompetitive, opening options like Aston Martin or Ferrari.
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After tough negotiations, Mercedes finally created clarity: George Russell is apparently to receive a mega deal and become a top earner.

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sport.de broke the news in on Thursday, October 16, 2025.
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