Sebastian Vettel could be set to sign a contract extension to remain with Red Bull Racing until at least the end of the 2014 championship season, as the Milton Keynes team attempts to lock their star driver away from potentially avaricious rival outfits.
At least this is the claim from the German press, with several outlets reporting that the team is offering a retainer of some €10-12 million per season, with the deal to be announced possible as soon as next week.
The 23-year-old’s current contract is set to expire at the end of this season, although it is widely known that the team has an ‘option’ on his services for the 2012 season.
Vettel has been at the centre of rumours – which he has done little to quash at times – linking him with a move to Ferrari or Mercedes GP.
But figures closer to the team believe that it will take much longer for all parties to agree to terms.
“We are in the talking phase and nothing is signed yet,” Red Bull advisor Dr Helmut Marko told Sport Bild. “It’s going to take some time yet.”
It is also believed that the team has already secured the services of Adrian Newey – the team’s legendary designer – until the end of 2014.
“We have bound until and including 2014 all of our most important pillars,” Marko added.
[Original image via Flickr]