Max Verstappen and Red Bull admitted that the new 2020 Red Bull contract includes higher pay. Amid obvious interest from Mercedes and Ferrari, the energy drink company announced in Austin that the 20-year-old is staying put until 2020. Team boss Christian Horner admitted that the energy drinks giant will have to sell millions of cans to pay the “Flying Dutchman”. Verstappen said “I did not do it for the money. I would rather win 100 grands prix and earn nothing than not win anything and have 100 million in the bank.”
However, it is speculated that Verstappen’s new Red Bull contract increases his retainer over threefold. Another major part of securing his services was, convincing him that Red Bull will have a good engine beyond 2018. Next year’s car will have a Renault power unit, and beyond that a switch to Honda power is possible. Dr Helmut Marko spoke about the 2019 engine and the Verstappen and Red Bull contract talks. He said “Of course. He knows what our plans are and what the alternatives are and this convinced him to extend the contract. But I cannot tell you the details. We’re concentrating on 2018. With Toro Rosso we made the decision to switch to Honda, and when we look at McLaren’s progress, we are satisfied.”
Ahead of the United States Grand Prix, Verstappen is sixth in the drivers’ championship. On the subject of the US Grand Prix, Verstappen has been very strong in he last few races. Heading into Qualifying, He will be aiming for a good result in Austin this weekend. The extended contract will definitely be a morale booster for him.