The Australian has committed to a multi-year contract extension with the reigning constructors' champion squad

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.

McLaren driver Oscar Piastri has put pen to paper on a new long-term contract extension, the team has announced. Piastri, who was originally tied down with McLaren until 2026, signs the deal after winning two races and finishing fourth in the driver’s championship last year.