Formula 1 Driver Salaries In 2017 (Revealed)

Nico Rosberg’s retirement from the F1 caused string of changes in team lineups going into 2017 season and we take a look at every driver’s contract and salary details for 2017. Biggest change being Valtteri Bottas joining Mercedes on a 1 year deal where he will earn around £7 million a year with option to extend the contract to 2018.

Sebastian Vettel is the highest paid Formula 1 driver going into the 2017 F1 season with a record 3 year deal with Ferrari worth $150 million he is also one of the highest paid athlete/sportsman in the world. Lewis Hamilton also signed new 3 year deal to remain with Mercedez worth $31 million a-year guaranteed salary plus upto $10 million in bonuses making him second highest paid driver behind Vettle in 2017. Below is the list of contract and salary details of all formula 1 drivers in 2016 lineup.

We take a look at all Formula 1 drivers salaries and since there have been not many changes in team lineups but alot of new contract extensions has been signed ahead of 2017 season. Below is the details of every driver’s contract on 2016 lineup.

• Valtteri Bottas signed a 1 year deal with Mercedes for 2017 season with option to extend till 2018. He will be doubling his salary from £3.5m with Williams to £7 million a year with Mercedes
• Kimi Raikonnen has signed 1 year contract extension to remain with Ferrari in 2017.
• Lewis Hamilton signed a 3-year contract extension with Mercedes with pretty much the same basic yearly salary of $31 million a year (£20.9m) but with significant increase on grand prix and F1 title win bonuses which could take his yearly salary to $40 million a year (£28m)
• Sebastian Vettel Last year into his 3 year contract with Ferrari earning him around $50 million (£33.4m) guaranteed in first year and $30m a year plus bonuses afterwards making him a highest paid driver in 2017 lineup.
• Fernando Alonso signed record 3-year contract (2015-2017) with McLaren-Honda with annual salary of $40 million (£25.5m) a year including bonuses. He vowed to remain at McLaren in his official statement back in september 2016.
• Daniel Ricciardo was heavily linked with Ferrari before Kimi Rainkonnen extension and he is believed to be on the last year of his current contract with Red Bull going into the 2017 season.

Following are the Formula 1 2017 Drivers Lineup plus their contract with their respective teams and of course reported yearly salaries and bonuses.