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Piastri signs 'multi-year' extension at McLaren ahead of new Formula 1 season

WOKING, England (AP) — Oscar Piastri has signed a “multi-year” contract extension with McLaren, the F1 team said Tuesday. The announcement came five days before the first race of the new season at Piastri's home Australian Grand Prix.
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McLaren driver Oscar Piastri of Australia talks at a press conference during a Formula One pre-season test at the Bahrain International Circuit in Sakhir, Bahrain, Friday, Feb. 28, 2025. (AP Photo/Darko Bandic)

WOKING, England (AP) — Oscar Piastri has signed a “multi-year” contract extension with McLaren, the F1 team said Tuesday.

The announcement came five days before the first race of the new season at Piastri's home Australian Grand Prix.

Piastri was already under contract at McLaren until the end of next season. The team didn't give details of the extension but said it meant the 23-year-old Piastri would be staying “for the long term.”

“It’s a great feeling knowing that I’m part of McLaren’s long-term vision," Piastri said in a statement. "The team had the belief in me when we signed in 2022, and the journey we’ve gone on over the past two seasons to help return McLaren to the very top of the sport has been incredible.”

Piastri made his F1 debut with McLaren in 2023 after a contract dispute with Alpine. The Australian won two races last year to help McLaren to win the constructors' title. He was fourth in the drivers' standings as Max Verstappen held off a challenge from Piastri's McLaren teammate Lando Norris to win the title.

McLaren chief executive Zak Brown said it was a “no-brainer” to extend Piastri's contract.

“We’ve got the best driver lineup on the grid, and in the past two seasons, we’ve seen how much of an asset to the team Oscar is both on and off track,” Brown said.

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The Associated Press