Red Bull Chief Makes a Definitive Statement on Pay-Cut Rumors on Sergio Perez’s $10 Million Contract
What did Red Bull's Chief advisor say about Sergio Perez's pay cut rumors? Let's find out.
What is it About?
There have been rumors around Sergio Perez likely facing a cut out from his existing $10 million F1 salary.
Sergio Perez's Performance
Perez had a strong start to the 2023 season but then later his performance deteriorated following the Miami GP and failed to make it to Q3 in five consecutive races. Perez is 125 points behind Max Verstappen after 12 rounds.
What Did the Reports Suggest?
As per the reports, team Red Bull will be legally able to reduce Perez's salary.
What Did the Contract Say?
As per the clause in his contract, Red Bull would be eligible to cut his salary if he is 125 points or more behind Max Verstappen.
What Did Marko Do?
Red Bull team advisor Helmut Marko recently addressed Perez's pay-cut rumors and called them baseless.
What Did Marko Say?
“It’s completely out of thin air. The contracts are strictly regulated. There will be no pay cuts.”