What is Carlos Sainz Jr.'s Contract in Formula 1?

Last Modified Mar 8, 2025 13:47 GMT
What is Carlos Sainz Jr.'s Contract in Formula 1?
Formula 1 Testing in Bahrain - Day 1 (Source: Getty Images)

Carlos Sainz Jr. is a Spanish racing driver who competes in Formula 1 for Williams F1 Team. Born on September 1, 1994, in Madrid, Spain, he is the son of Carlos Sainz Sr., a legendary rally driver and two-time World Rally Champion. Growing up in a motorsport-focused family, Carlos Sainz Jr. was heavily influenced by his father’s success but found his passion for single-seater racing, by idolizing Fernando Alonso, according to ESPN, Spain’s first F1 world champion. Inspired by Alonso’s achievements, Sainz pursued a path in Formula 1, excelling in karting and junior categories before making his F1 debut.

Since entering Formula 1 in 2015 with Toro Rosso, Sainz has raced for multiple teams, including Renault, McLaren, and Ferrari. As of February 2025, he has secured four Grand Prix victories in the 2022 British GP, 2023 Singapore GP, 2024 Australian GP & 2024 Mexico City GP, and 27 podium finishes according to Formula 1's official website.

Carlos Sainz Jr. Contract

Carlos Sainz Jr.’s move to Williams Racing for the 2025 Formula 1 season came after Lewis Hamilton signed with Ferrari, leaving Sainz without a seat on the Italian team. Despite delivering strong performances, including four Grand Prix victories, one pole position, and multiple podiums according to Formula 1's official website, Ferrari opted to replace him with seven-time world champion Lewis Hamilton, who will partner Charles Leclerc from 2025 onward. This decision forced Sainz to explore other opportunities, ultimately leading him to sign a two-year contract with Williams Racing for 2025 & 2026 with an option to expand beyond, according to ESPN.

At Williams, Sainz will join Alex Albon, forming an experienced and competitive driver lineup aimed at pushing the team forward. During pre-season testing in Bahrain, the new FW47 car showed promising pace, giving both drivers confidence in the team’s potential, as reported by Motorsport.com.

Carlos Sainz Jr. Salaries

Carlos Sainz Jr. has seen a steady increase in his earnings throughout his Formula 1 career. In 2015 his salary was $277500 at Toro Rosso. When he signed for Renault for the remainder of 2017 and 2018 he made $750000. By 2019 when he joined McLaren his salary rose to $3.3 million and in 2020 it increased to $7 million. His contract with Ferrari in 2021 marked a significant jump with his salary reaching $8 million and then $10 million in 2022. By 2023 Sainz was earning $14 million. His salary dropped in 2024 to $12 million.

In 2025 Carlos Sainz Jr. is expected to earn around $10 million at Williams with similar estimates for the following year in 2026. These figures reflect Sainz’s status as a competitive driver in Formula 1 with significant potential for growth as reported by Spotrac.com.

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FAQ's on What is Carlos Sainz Jr.'s Contract in Formula 1?

A. As of February 2025, Carlos Sainz Jr. has raced for several teams throughout his F1 career, including Toro Rosso, Renault, McLaren, Ferrari, and he will join Williams Racing starting in 2025.

A. Carlos Sainz Jr. has signed a two-year contract with Williams Racing starting in 2025 according ESPN. His salary at Williams is estimated to be around $10 million per year.

A. Carlos Sainz Jr.'s father is Carlos Sainz Sr., a two-time World Rally Champion who is widely regarded as one of the greatest rally drivers of all time.

A. Carlos Sainz Jr. made his Formula 1 debut in 2015 with Toro Rosso.

A. According to ESPN, Carlos Sainz Jr.'s idol is fellow Spanish Formula 1 driver Fernando Alonso, who inspired him to pursue a career in Formula 1.

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