Formula 1

Fernando Alonso wants huge Ferrari contract

Worth the money? Alonso wants €105m contract (©GettyImages)
Worth the money? Alonso wants €105m contract (©GettyImages).

Ferrari driver Fernando Alonso could soon make history if he gets his way with a new contract with the Ferrari Formula One team.

The two-time world champion has performed admirably for Ferrari in his five years with the team, but the car has never given him the opportunity to add more championships to his name- despite coming close on occasions.

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Contract

And with speculation growing that Alonso's head could be turned by offers from other teams, it has been reported by German news publication BILD, that the Spaniard wants a contract worth an astronomical €105m, over three years.

The contract is said to run from 2017 to 2019 and would therefore be worth  €35m per year, making him by far the highest paid Formula One driver in the history of the sport.

To put the potential agreement into context, it is claimed that in his prime and in the Tobacco sponsored era, Formula One legend Michael Schumacher was earning around €25m a year.

Alonso is reportedly the joint highest paid driver on the grid currently alongside Mercedes man Lewis Hamilton, with an annual salary of  €20m. So it would be some pay increase, potentially changing the game, spring boarding Formula One drivers up there amongst the best paid sport stars in the world from the NBA as such.

For Ferrari, they are in a transition period at the moment after the departure of Team Principal Stefano Domenicali earlier this year with new man at the helm Marco Mattiacci arriving. He is under pressure and promising to do whatever is needed to turn the teams fortunes around and return them to the glory days.

Therefore, paying to keep arguably the best driver on the grid at the team would seem to be a priority, one with an unlimited price. Similarly to the situation where Ferrari offered Red Bull genius Adrian Newey to name his price in order to entice him to join them. Though they were pushed back on that offer.

But this deal seems a lot more likely with Alonso, though frustrated at his lack of opportunity to compete, clearly loving the atmosphere of being Ferrari's main man and it seems to be the perfect match. The most iconic and successful team in the sport running the most talented driver.

This season 

Alonso yet again this season is punching well above the weight of the car and sits fourth in the drivers' championship on 115-points. That in comparison to his team mate, a fellow world champion Kimi Raikkonen, who has accumulated just 27.

Ferrari, due to Alonso's magic have been dragged to third in the constructors' standings but are unlikely to catch Red Bull ahead of them and are in great danger of being overtaken by the Williams team.

The situation has emphasised the value of Alonso and with the 33-year-old desperate to achieve more world championships Ferrari may be forced to meet his demands and improve their performance emphatically to keep him from exploring alternative options.

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