Ferrari’s contract negotiations with Charles Leclerc and Carlos Sainz are among the biggest F1 news stories of early 2024.
Team principal Fred Vasseur has vocalised his intentions of retaining both of his drivers at the Scuderia.
It is also well-established that both Charles Leclerc and Carlos Sainz want to continue racing with Ferrari. However, contract talks have still not materialised in a concrete agreement.
With the 2024 season only months away, Vasseur has set confirming new deals as a key objective before the first round.
Considering that all parties want to extend their partnership, it seems logical to analyse why no agreements have been announced.
F1 News: Difference in Leclerc and Sainz talks
As it stands, Charles Leclerc’s contract is understood to be the priority at Maranello. This is a relatively logical development, considering his history and achievements with the team.
Despite a failure to contend for the F1 Championship in recent years, both parties remain deeply committed to each other.
On a more practical level, Leclerc doesn’t have better alternatives in the market anyway. Aside from Red Bull and Mercedes, the Scuderia has been the most successful team of the last decade.
At least until the regulations change in 2026, continuing with the Italian squad is a logical choice – even if world titles could be out of reach.
It is understood that a multi-year agreement is on the table for Leclerc, and its announcement is seen as a formality.
Although the exact length and potential performance clauses are unknown, the consensus is that at least a three-year extension could be signed.
Sainz aims for a two-year deal
Regarding Carlos Sainz, most reports indicate a shorter contract is on the cards. Again, it must be stressed that exact details can never be deciphered with full confidence.
However, most reports indicate that Sainz wants at least a two-year agreement – with contract duration being a key aspect of these talks.
The Spaniard has already articulated his intentions of continuing with the team. Agreeing a new contract before the 2024 season begins has also been set as an explicit goal.
As a result, any delay in announcing a new contract could be attributed to some discrepancies in preferences.
Sainz is still an important part of Fred Vasseur’s plans but does not command the same priority as Charles Leclerc.
Announcement expected before round 1
The Monegasque driver’s history and seniority with the team means he can command better terms and more flexibility on his deal.
Looking from Ferrari’s perspective, there is no reason to change the status quo in 2025. With that said, the Maranello-based outfit might be pushing for more flexibility than Carlos Sainz would be comfortable with.
In any case, the next few weeks should clarify any questions surrounding these talks. Both drivers should have new contracts announced before the Bahrain GP.
If not, then it seems reasonable to infer there is a greater disparity in contract demands than first anticipated.
