Between a basic salary rumoured to be $10m per season, matching his Red Bull deal, and incentives for points, podiums and potentially even race wins, Sergio Perez is smiling all the way to the bank with his new Cadillac F1 deal.

Details on Sergio Perez’s financial arrangements as he returns to the F1 grid have been reported in Mexican media.

Sergio Perez will return to the grid with Cadillac next season

Additional reporting by Thomas Maher

Eight months after Perez parted ways with Red Bull, released from his contract after a disappointing F1 2024 season, the Mexican’s comeback was confirmed when Cadillac announced that the six-time grand prix winner will partner Valtteri Bottas next season.

Cadillac F1 team principal Graeme Lowdon said: “Signing two very experienced racers like Bottas

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