May 18, 2020 at 2:50 p.m. by Marc Limacher
The future by Sébastian Vettel seems to darken for 2021, following his announcement to leave Scuderia Ferrari at the end of this season. Combining almost 200 million euros in contracts with the Italian team, the German pilot has the offer made by Scuderia, for an explanation for his departure.
195 million euros in contracts with Ferrari since 2015
When Sébastian Vettel signed his three-season contract (2015,2016 and 2017) with Ferrari, in October 2014, the financial offer was attractive: 28 million euros in 2015, 30 million in 2016 and 32 million in 2017, according to Business Book GP data. Then the German won a big contract until 2020 for a total of 105 million euros, or 35 million euros per season.
A loss of confidence and a drastic drop in Vettel's salary for 2021
It made him, second highest paid driver on the board behind Lewis Hamilton and far ahead of the others. Yet his position was fragile. The loss of confidence following the 2018 German GP and the team’s affection for Charles Leclerc precipitated the fall of the four-time world champion.
Offering a halved salary, or 17 million euros for the single 2021 season, the German pilot agreed, in return for a two-season contract. Scuderia’s response will have been sad: a reduction to 12 million and technical and sporting equity with its young teammate for 2021 and 2022. Confidence was lost, Vettel preferred to leave.
A quadruple champion who was worth 72 million euros in stock market
In total, Sébastian Vettel will have accumulated 195 million euros in salary at Ferrari between 2015 and 2020, out of a total estimated by the Business Book GP 2020 at 252 million euros cumulated in his career which began in 2008. With a detail of its value: when its departure was announced, the Liberty Media Formula 1 share on the stock market fell by 10%, or 72 million euros in value, for financial players.