Piastri agrees new multi-year contract extension with McLaren

McLaren and Oscar Piastri have agreed a new multi-year contract extension that the British team say will keep the Australian with them “for the long term”.

Piastri joined McLaren ahead of the 2023 season on a multi-year contract and extended that arrangement after just 15 races of his debut campaign with the team to at least the end of 2026.

ANALYSIS: Why McLaren have locked down Piastri to a new contract extension now

He continued to thrive at McLaren in his second season, winning his first two Grands Prix and scoring six other podiums as well as achieving a Sprint win to earn another new deal.

The 23-year-old was the only driver to complete every racing lap of the 2024 season and went on to finish a career-best fourth in the Drivers’ Championship, which played a key role in the team securing the Teams’ title for the first time since 1998.

“It’s a great feeling knowing that I’m part of McLaren’s long-term vision,” said Piastri. “The team had the belief in me when we signed in 2022, and the journey we’ve gone on over the past two seasons to help return McLaren to the very top of the sport has been incredible.

“There are so many talented and special people working at MTC who have helped me to become a Formula 1 race winner very early in my career. Therefore, I’m very proud to be continuing to represent this legendary team for many years to come.

“I’m excited to fight for the big prizes as a McLaren driver and after last year’s fantastic achievements, it has made me even hungrier to stay at the sharp end.”

McLaren CEO Zak Brown added: “It’s fantastic to confirm Oscar’s extension with McLaren. Not only is he an incredibly talented driver, but his work ethic and cultural fit within the team made it a no-brainer to extend his time in papaya.

“We’ve got the best driver line-up on the grid, and in the past two seasons, we’ve seen how much of an asset to the team Oscar is both on and off track.

“He was absolutely fundamental in adding to our legacy with the 2024 Constructors’ Championship last season, so we’re all excited to see what we can do in the years to come as we continue to fight for World Championships together.”

ABU DHABI, UNITED ARAB EMIRATES - DECEMBER 08: Race winner Lando Norris of Great Britain and — Piastri’s form alongside Norris helped secure McLaren the 2024 Teams’ Championship

Team Principal Andrea Stella said: “Further extending our partnership with Oscar is a symbol of our belief and trust in him as a driver, as well as a reflection of our shared ambition to continue in our fight for Championships together.

“It has been a pleasure working with Oscar throughout the past two seasons and he has continued to prove how impressive he is in terms of his talent, determination and work ethic as a driver and his contribution to our team and culture as a person.

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“Alongside Lando, we have what we need locked in for the long term to keep pushing forward.

“I look forward to continuing to watch Oscar grow and develop as a driver and know that many successes lie ahead for him.”

It means that McLaren have secured impressive stability through multi-year contract extensions with Brown, Stella, Norris and Piastri as well as several senior team members in recent times.