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According to reports, Ferrari has offered Sebastian Vettel a new contract at the team involving a pay cut for the four-time world champion.
Vettel's current contract with the Scuderia outfit expires at the end of the 2020 season and his future remains in the air.
According to Sky Sports Italia, Ferrari is keen on re-signing Vettel for another season, but the new contract would see him earn less than his current agreement.
MORE: Ecclestone suggests Vettel should retire or move to McLaren for 2021 | Binotto: Delaying 2021 regulations not an easy decision for Ferrari to make
In December, Vettel's teammate Charles Leclerc penned a new long-term deal after a successful maiden season with the Italian team, scoring seven pole positions and two race wins.
Daniel Ricciardo and Carlos Sainz have both been linked to Vettel's seat at Ferrari, with the former out of contract at Renault at the end of this year.
Vettel joined Ferrari in 2015 and has 14 race wins for the team, but is yet to claim a championship with the Maranello outfit.
In 2019, Vettel ended the season with one race win and behind Leclerc in the drivers' championship.
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Replies (5)
Login to replymcbhargav
Posts: 1,332
I am not too sure of Sainz for Ferrari. He may have the momentum with him. Ferrari needs a much more experienced and faster driver than him to develop the car, especially when it could dish out enough mulah.
f1ski
Posts: 726
Seb should take it. Should he show his skills in high pressure moments I am sure something longer would ensue
ajpennypacker
Posts: 2,475
Seb has to take it. No other team is going to offer him stupid money. Only Ferrari do that for drivers past their prime. Although, I'd be curious to see how much of a paycut it was. I'm sure he will still make more than everyone except for Lewis
Pistonhead
Posts: 556
Me too - four time world champ - that experience must be worth a lot more than a promise of something good....
Ram Samartha
Posts: 1,172
Looks like he's decided to retire instead.