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.

Piastri’s performances last season led to rival teams potentially wanting to make a play to lure him away from McLaren. Naturally, the team’s CEO, Zak Brown, would have been eager to tie the two-time Grand Prix winner down, irrespective of the financial implications.

Heading into his third season as a Formula 1 driver, Piastri has become a hot commodity — and McLaren wanted to sign him before rivals like Red Bull Racing could have the chance

McLaren are confident competition between Lando Norris and Oscar Piastri will not endanger the team's Formula One championship defence if the drivers find themselves battling for the individual title.

Australian racer cites long-term contracts for key McLaren F1 staff among "natural" reasons to stay with the team

McLaren believe Lando Norris and Oscar Piastri can co-exist without problems as the team goes into the new season as favourites.