Piastri’s performances last season led to rival teams potentially wanting to make a play to lure him away from McLaren. Naturally, the team’s CEO, Zak Brown, would have been eager to tie the two-time Grand Prix winner down, irrespective of the financial implications.

After helping McLaren to a constructor's championship in 2024, Oscar Piastri was rewarded with a multi-year contract worth nearly $26 million per year, according to Racing News 365. The new deal replaces Piastri's contract that ran through 2026 and was set to pay him over $7 million per season.

Heading into his third season as a Formula 1 driver, Piastri has become a hot commodity — and McLaren wanted to sign him before rivals like Red Bull Racing could have the chance

Details of Oscar Piastri's McLaren contract emerge that will make him one of the highest-paid F1 drivers on the 2025 grid