Sainz’s F1 pay accounts for a considerable portion of his total wealth. The Spanish race winner apparently had an 8 million dollar contract with McLaren, and he now has a contract with Ferrari that is about equal in value.
In April 2022, Sainz extended his contract with Ferrari through 2024, earning an additional $10 million, according to reports.
Additionally, Sainz and the Estrella Galicia beer brewery in Spain have an exclusive partnership.
In This Article...
The figures supporting Carlos Sainz’s new Ferrari deal. The figures supporting Carlos’ new Ferrari contract.
Scuderia Ferrari: “The mechanics deserve some dessert, so I brought them some sweets.” Carlos Sainz, a Spanish racing driver, arrived at the Imola circuit yesterday “armed” with two large bags, one in each hand, each with a distinctive shape and form. The Spanish driver, who was recently confirmed to remain with Ferrari through the end of the 2024 Formula 1 season, brought treats to the Ferrari team to celebrate together the extension of his contract for the following two years. Under the terms of the agreement, he currently “aligns” with Charles Leclerc’s contract, provided that the Monegasque does not further extend it. Charles Leclerc’s contract with Ferrari was signed at the end of 2019 for a five-year period through 2024.
His father, a rallying legend, has always taken care of every aspect of the relationship with the team, and his son, who was determined to follow the road of maximum speed on four wheels, has set a good example by doing the same. He hopes to replicate the joyous occasion as soon as possible after claiming his first Formula 1 career victory, perhaps this weekend in the Emilia Romagna Grand Prix.
Carlos Sainz’s new deal includes a wage boost, which will climb from the current 10 million dollars per season to roughly 12 million dollars per year in the following two years, according to today’s edition of the Italian newspaper Il Corriere dello Sport (at the current exchange rate just over 11 million euros). The Spaniard, who had never spent four years with the same team in his career but will do so at the one he had always imagined, said, “From December I was already assured of joining.”
With the contract being formally revealed, Carlos Sainz can concentrate on achieving his objective of winning the Formula 1 world championship. With a Ferrari like this, the biggest opponent is also nearby: The Spanish driver, who wants to recover from the challenging weekend in Melbourne, where he retired due to an error on lap 2 as he was trying too hard to recover positions after an unfortunate qualifying session and a poor start, said, “The F1-75 suits Charles Leclerc better, but I’m fixing the details, soon I’ll have fun too.”
Submit this:
Italy’s IMOLA Ahead of this weekend’s home Formula One event for the Italian team, Carlos Sainz Jr. signed a new contract with Ferrari on Thursday that will last until 2024.
I’ve always stated that there is no better Formula One team to compete for, and after working with them for more than a year, I can attest that donning this race suit and representing this team is exceptional and unmatched.
“My first season in Maranello was good and productive, and everyone moved forward as a team. So far in the season, the outcome of all that work has been obvious.
Following two victories by Charles Leclerc, Sainz’s teammate, in the first three races, Ferrari now holds the lead in the constructors’ title. Sainz, a Spaniard who has never placed first in an F1 race, came in second in Bahrain and third in Saudi Arabia but was eliminated from the most recent race in Australia due to an accident.
In the drivers’ standings, the 27-year-old Sainz is third, four places behind George Russell and 38 points behind Charles Leclerc.
Sainz continued, “I feel invigorated by this renewed demonstration of trust in me, and now I can’t wait to get in the car, to give Ferrari my best, and to offer its supporters enough to cheer about.
“The F1-75 is proving to be a front-runner, which can let me pursue my on-track objectives, starting with claiming my first Formula One victory,”
This weekend’s Emilia-Romagna Grand Prix will be held in Imola on a track with the same name as the founder and son of the Italian team, Ferrari.
Since Leclerc’s Italian GP victory at Monza in 2019 for Ferrari, the team has gone without a victory at home.
The Ferrari team principal Mattia Binotto stated, “I have said numerous times that I believe we have the strongest driver tandem in Formula One. Therefore, with every passing race, it seemed a fully natural move to extend Carlos’ contract, providing stability and continuity.
He has demonstrated the talent we expected from him in his short time with the team, producing excellent achievements and seizing every opportunity. We can achieve big goals by working together.
Carlos Sainz has signed a contract extension with Ferrari that will keep him with the team until the end of the 2024 Formula One season. He is now ranked third among drivers following a dismal performance at the Australian Grand Prix.
With the signing of a new deal, Carlos Sainz will remain with Ferrari through the end of the 2024 Formula One season.
The Spanish driver, who joined the team in 2021 to take Sebastian Vettel’s place, has since forged a highly regarded alliance with Charles Leclerc, and his last contract was slated to expire this year.
Sainz’s extension was announced prior to the home race for Ferrari in Emilia Romagna, and he was committed for an additional two years.
Team owner Mattia Binotto stated, “I have mentioned numerous times that I feel we have the strongest driver tandem in Formula 1 and with every passing race, it felt a fully natural step to extend Carlos’ contract.”
The 27-year-old Sainz continued, “I have always believed that there is no greater Formula 1 team to race for. “And after working with them for more than a year, I can attest that it is exceptional and unparalleled to put on this race suit and represent this team.
How did Charles Leclerc and Carlos Sainz do when they tried to name every Ferrari one-two since Leclerc was born?
“This new display of trust in me gives me more strength, and I can’t wait to get behind the wheel and give Ferrari and its supporters everything I’ve got.
“The F1-75 is proving to be a front-runner, which can let me pursue my on-track objectives, starting with claiming my maiden Formula 1 victory,”
After Ferrari’s incredible start to the season, Sainz is presently third in the standings, 38 points adrift of leader Leclerc.
Despite Ferrari’s highly competitive car, Sainz has had a challenging start to the year and spun out of the Australian GP. Sainz impressively defeated his Monegasque teammate in his maiden year in red.
Karun Chandhok of Sky F1 breaks down Carlos Sainz’s disastrous performance in the Australian Grand Prix.
But considering his performance on the track and his collaboration with Leclerc and the team off it, his contract extension was always going to be a formality.
We can set ambitious goals if we work together, Binotto said. And I’m confident that he will help Charles and write new chapters in our team’s history while also contributing significantly to the Ferrari mythology.
Ferrari driver Carlos Sainz has extended his contract through 2024.
The Spaniard, Charles Leclerc’s teammate since 2021, has excelled with his speed, dependability, and teamwork approach.
With the signing of his new contract, his term now equals that of Leclerc, who agreed to a five-year contract prior to the 2020 campaign.
The 27-year-old Sainz said: “This renewed demonstration of trust in me has strengthened me, and I now can’t wait to give Ferrari my all.”
Leclerc is the early favorite for the championship after building a 34-point lead in the standings with two victories, a second place, and three fastest laps in just three races in Ferrari’s 2022 lineup.
Sainz, who was disqualified from the most recent Australian grand prix, sits third in the standings, four points behind George Russell of Mercedes.
I’ve always thought there isn’t a better Formula 1 team to compete for, and after working with them for more than a year, I can attest that donning this race suit and representing this team is exceptional and unmatched.
“My first season in Maranello was successful and productive, and everyone in the team advanced together. So far in the season, the outcome of all that work has been evident.
Mattia Binotto, the team’s manager, said: “Since I have already stated that I think our driver partnership is the greatest in Formula 1, it seemed only reasonable to extend Carlos’ contract in order to maintain stability and continuity.
“He has demonstrated the talent we expected from him in his brief time with the team, producing outstanding outcomes and seizing every opportunity.
“Outside of the car, he is a diligent worker with an attention to even the tiniest details, which has aided the entire group in developing and moving forward.
Together, we can set high goals, and I have no doubt that he will contribute significantly to the Ferrari mythology and write new chapters in our team’s history, along with Charles.
Leclerc’s main competition this season has been reigning world champion Max Verstappen, but after two retirements in his Red Bull, the Dutchman is just sixth in the standings, 46 points behind the Monegasque.
Binotto reiterated following the Australian Grand Prix that despite Leclerc’s sizable lead, the two Ferrari drivers were still free to compete and that Sainz was not yet in a position where he would be expected to back his teammate’s title ambition.
Ferrari hasn’t won the drivers’ championship since Kimi Raikkonen defeated Lewis Hamilton and Fernando Alonso of McLaren in a close race in 2007.
In 2010 and 2012, Ferrari’s Alonso twice came close to winning the championship but fell short behind Sebastian Vettel of Red Bull.
After Vettel switched to Ferrari in 2015, the German was a title candidate in 2017 and 2018, but their challenge to Hamilton and Mercedes was thwarted by a string of driver and team mistakes.
Charles Leclerc and Carlos Sainz sign a new contract with Ferrari, therefore ending Lewis Hamilton’s “dream” of concluding his Formula One career with the storied club.
Carlos Sainz recently agreed to a new two-year contract, which will keep him a Ferrari driver through the end of the 2024 Formula 1 season.
After a good start to the 2022 season for the Italian constructors, the Spanish driver is presently third in the drivers’ rankings.
Charles Leclerc, a driver from Monaco who is under contract through 2026 and is presently leading the championship due to his two victories through the first three Grands Prix, now joins him on a multi-year deal.
And Sainz is thrilled to stay with Ferrari, therefore ending Sir Lewis Hamilton’s chances of competing in the illustrious red card before his retirement.
Sainz expressed his joy at his contract renewal with Scuderia Ferrari.
“I’ve always maintained there is no better Formula 1 team to compete for, and now that I’ve been working with them for more than a year, I can attest that donning this race suit and representing this team is exceptional and unmatched.
“This renewed demonstration of faith in me gives me more strength, and I can’t wait to get in the car, give Ferrari my all, and give its supporters something to cheer about. The F1-75 is shown its ability to be a front-runner, which will enable me to pursue my on-track objectives, starting with winning my first Formula 1 race.
Does Ferrari have a deal with Carlos Sainz?
In April 2022, Sainz extended his contract with Ferrari through 2024, earning an additional $10 million, according to reports. Sainz has also