Russell Nears Major Mercedes Deal After Verstappen Stays

George Russell is close to signing a multi-year contract extension with Mercedes, reportedly worth £30 million ($40 million) annually, with most major terms agreed and only minor details, such as sponsor commitments, remaining. The announcement of the deal may not occur until after the summer break. This development follows confirmation that Max Verstappen will remain at Red Bull for 2026, as his contract exit clause would only be activated if he fell outside the top three drivers by the summer break—a condition not met, as Verstappen is currently third and 28 points ahead of Russell. Mercedes had previously delayed Russell's negotiations while considering Verstappen, but with Verstappen's future settled, Russell is set to remain the team's lead driver. Russell's new contract will place him among Formula 1's top earners, though still behind Verstappen and Lewis Hamilton. Mercedes has expressed satisfaction with Russell's performance, solidifying him as their long-term choice.