German media outlet Bild is reporting that four-time Formula 1 champion Sebastian Vettel is talking a drastic pay cut to remain in F1 in 2021.
According to Bild, Vettel has not signed a fixed long-term contract with Aston Martin, and there is an option in the contract that allows Vettel to opt out of the contract and leave after the 2021 season.
However, Vettel told German media RTL: “The goal is not short-term, but for a long-term cooperation.”
Bild also said the value of the German’s current EUR 45 million per year (approx. $53 million) contract at Ferrari is dwindling to just EUR 15 million (approx. $17 million) at Aston Martin for 2021.
The 33-year-old Vettel admitted that he thought hard about simply retiring before agreeing to the deal to race with the current Racing Point team that will be rebranded as Aston Martin in 2021. There, he will replace Sergio Perez.
“Yes, I’ve been thinking about retiring,” he told Sky Deutschland at Mugello. “And quite often. “I have a family that I love and that I love to take care of, so to retire was a thought—to stop and do something else.
“But I’m curious to see what I can give to a new project. As I said, I am glad that in the end I found something that can be exciting, so I’m looking forward to it,” Vettel said.
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