Russell Nears Lucrative Contract Extension with Mercedes

George Russell is on the verge of signing a lucrative new contract with Mercedes, valued at around $30 million per season, as a reward for his strong start to the 2025 Formula 1 season. Russell, who is currently fourth in the drivers' championship with three podium finishes in four races, has strengthened his position in negotiations with his impressive performances, notably in Bahrain despite technical challenges. Mercedes has shifted its focus from considering Max Verstappen to being content with its current driver lineup, including rookie Kimi Antonelli. Team principal Toto Wolff is preparing to finalize Russell's contract extension, which includes a two-year deal with an option for 2028, reflecting Russell's de facto leadership role following Lewis Hamilton's departure. This decision aligns with Mercedes' strategy to maintain stability and success in the Constructors' Championship, where they currently stand second. Wolff's praise for Russell's resilience under pressure highlights Mercedes' commitment to him as a key component of their future plans.