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Vettel extends Ferrari contract until 2020

After a while of negotiations, Ferrari have today confirmed the extension of Sebastian Vettels contract.

The four time champions contract ran out at the close of 2017 but an agreement was reached to add three years to the contract.

Mercedes non-executive chairman Niki Lauda revealed on Saturday morning that discussions had taken place with Vettel, but they did not go very far.

“We discussed it briefly once with him, but the more competitive Ferrari goes the less the reason he would want to leave,” Lauda told Sky. “So therefore we stopped right away a couple of months ago.

“I think every driver, if he’s clever, talks to more than one team. Then when you negotiate you’re in a better position. That’s what he did.”
The length of Vettel’s contract extension is interesting, for it takes him out of the market for 2019, when there is expected to be much movement among drivers.
And so it is confirmed, Sebastian Vettel and Kimi Raikkonen will remain at Scuderia Ferrari next season.

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Formula 1

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