Italian media outlets are reporting that Sebastian Vettel has refused a one-year contract extension with Scuderia Ferrari. The German supposedly dissatisfied with only a sole season extension coupled by a reduction in his salary.
Vettel’s current deal expires at the conclusion of the 2020 season, making his next move extremely important in sifting out any silly season driver market rumours as to who will partner Charles Leclerc at Ferrari from next season.
According to La Gazetta dello Sport, the Italian team has only twelve million euros left for Vettel and has already offered the 32-year-old a one-year extension.
But reports coming from Italy are now saying that Vettel has refused the offer, reportedly demanding a two-year extension without a fall in his salary.
Vettel currently earns in excess of 40 million euros plus bonuses, making him one of the highest paid athletes in world sport.
Vettel told reporters last week that he could have a new deal done committing himself to Ferrari before any racing resumes. Though it remains to be seen whether the two parties will come to an agreement before Vettel becomes a free agent.
The developments comes after Lewis Hamilton today hosed down any rumours linking the defending six-time World Champion to a move to Ferrari.