Red Bull offered Sergio Pérez a one-year contract extension, but the Mexican driver has not accepted it. Instead, Pérez proposed a two-year extension, which Red Bull rejected, according to reports from Mexico.
Pérez's future with Red Bull seemed uncertain last season, but his strong start in 2024 has shifted the situation. Red Bull is considering renewing Pérez's contract, which expires after the Abu Dhabi Grand Prix this year.
However, the departure of Lewis Hamilton from Mercedes to Ferrari has created a ripple effect in the driver market. This opens the possibility for Red Bull to pursue talents like Carlos Sainz, who is currently without a seat for the 2025 Formula 1 season.
Fox Sports Mexico reported the potential renewal of Pérez's contract, but only for one year. This offer was not satisfactory for Pérez, who requested a two-year extension. However, Red Bull declined Pérez's proposal, insisting on the one-year contract.
According to Fox Sports Mexico, Pérez's lawyers are reviewing the contract offered by Red Bull, but the team has already made it clear that they are not open to Pérez's counter-offer for a two-year extension.
VIA: [SoyMotor]