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Sergio Perez’s New Cadillac Deal Worth More Than $100 Million Over Three Years, Insiders Claim

Ahead of the Mexico City GP, Sergio Perez (Checo) and Cadillac signed a historic new contract that will see the driver stay with the American…

By Naman Srivastava · F1 Chronicle

Published: Sunday, 1 November 2026 at 12:15 PM

Key Things to Know

Sergio Perez signed a three-year Cadillac contract extension valued at over $100 million through 2029.
The deal will make Perez the sixth highest-earning driver on the Formula 1 grid.
Perez confirmed that the three-year contract extension will be his final deal before retiring from Formula 1.

The Story in 60 Seconds

Sergio Perez has signed a three-year contract extension with Cadillac that keeps him with the team through 2029. The deal is reportedly valued at over $100 million across three years, including base salary and performance bonuses, averaging more than $33 million per season. The agreement makes the 36-year-old Mexican driver the sixth highest-paid competitor on the Formula 1 grid.

Perez confirmed that this contract will be his last in Formula 1, intending to retire to spend time with his family. The announcement comes ahead of the Mexico City Grand Prix, where Perez is scheduled to reach a career milestone by making his 300th Formula 1 race start.

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Sergio Perez’s New Cadillac Deal Worth More Than $100 Million Over Three Years, Insiders Claim

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