CONFIRMED:” HE’S BACK” Checo Perez reached agreement today on a two-year deal with a max value of $88.9Million with the……See details
CONFIRMED: “HE’S BACK” — Checo Pérez Reaches Blockbuster $88.9 Million Deal to Remain in Formula 1
In a major development that has electrified the world of motorsport, Sergio “Checo” Pérez has officially signed a new two-year agreement worth up to $88.9 million, securing his place on the Formula 1 grid through the 2027 season. The deal, confirmed earlier today by team officials, ensures that the beloved Mexican driver will continue racing for Red Bull Racing, solidifying his role as a vital force alongside reigning World Champion Max Verstappen.
The new contract comes after months of speculation about Pérez’s future, especially following a rollercoaster season where his performances ranged from dominant podium finishes to inconsistent qualifying sessions. Despite the rumors of possible replacements, Red Bull has doubled down on its faith in Checo — not only as a driver but also as a leader and cultural ambassador. “We’ve seen time and again what Checo brings to this team: speed, strategy, and an unshakable spirit,” said Team Principal Christian Horner. “We’re thrilled to continue this journey with him.”
The two-year deal reportedly includes a base salary of $38 million per year, with performance-based bonuses and marketing incentives that could push the total value to $88.9 million. It also highlights Checo’s expanding global appeal, especially across Latin America, where he remains a towering figure in the sport. Red Bull has acknowledged the business impact of keeping Pérez, with strong sponsorship ties, growing fan engagement in emerging F1 markets, and record-breaking merchandise sales all tied to his presence.
Pérez, visibly emotional during the announcement press conference, expressed both gratitude and renewed ambition. “This team believed in me when others didn’t,” he said. “And now, I feel more determined than ever to deliver. We’re not just racing for podiums anymore — we’re racing for championships.” He also addressed his fans directly, many of whom have followed his career from his early Sauber days to his breakthrough win in Sakhir and his current position with one of the most dominant teams in F1 history. “To everyone in Mexico and around the world — thank you for never giving up on me. The best is still to come.”
The decision to retain Pérez comes at a pivotal moment in Red Bull’s long-term strategy. While Verstappen remains the team’s anchor, the competitive F1 landscape is shifting, with teams like Mercedes, Ferrari, and McLaren aggressively pursuing upgrades and talent. Red Bull’s leadership believes that Checo provides both the veteran insight and on-track consistency needed to fend off rising threats. Internally, his knowledge of the car, chemistry with engineers, and mentorship of younger Red Bull Academy drivers have all played key roles in the extension.
As the news spreads across the globe, reactions have poured in from fans, pundits, and fellow drivers. Lewis Hamilton commented, “Checo’s one of the toughest competitors out there. He’s earned every bit of this.” Meanwhile, Red Bull fans are already celebrating what they call “La Resurrección de Checo,” taking to social media with pride and excitement. With the 2025 season looming and new technical regulations on the horizon, this extension signals Red Bull’s intent to maintain dominance — and Checo Pérez is officially back at the center of it all.
