Sergio Perez of Mexico and Oracle Red Bull Racing - Source: Getty
Going by renowned F1 photojournalist Kym Illman's latest update, Sergio Perez might receive a pay cut as his points gap to Max Verstappen keeps on growing. According to the report, a clause in the Mexican driver's contract states that he needs to be within 150 points of Verstappen, which the latter failed to manage over the last few races.
Red Bull offered Perez a two-year contract in 2023 for a reported salary of $14 million a year. The contract is set to keep him at Milton-Keynes until 2025. However, according to Illman, the contract has a clause that enables the Christian Horner-led team to impose a pay cut on Perez.
Perez reportedly needs to be within a certain number of points of Verstappen. Otherwise, the Mexican driver could receive a pay cut, something Illman spoke about in his recent YouTube video.
