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.

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.

Teammate Lando Norris, and team heads CEO Zak Brown and Team Principal Andrea Stella are also in it for the long haul.

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

We break down the latest F1 driver contract news as Oscar Piastri signs an extension with McLaren, securing his future with the team. Meanwhile, rumors swirl as Lando Norris flirts with Ferrari, creating waves in the world of Formula 1 driver moves.

Oscar Piastri said Thursday it was a "no-brainer" to commit his long-term future to McLaren while playing down expectations of victory at his home Grand Prix in Australia this week. His teammate Lando Norris has also been tied down long-term,