Ricciardo asking McLaren for $21 million compensation

Ricciardo McLaren 2022

According to information collected by RacingNews365.com, Daniel Ricciardo is reportedly demanding a substantial compensation from McLaren as McLaren intended to release Australian driver from his contract for 2023.

Ricciardo McLaren 2022

Due to McLaren’s intention to release Daniel Ricciardo from his contract for 2023, RacingNews365.com has discovered that Ricciardo’s team is seeking compensation in the range of $21 million.

Despite having contracts with Lando Norris and Daniel Ricciardo for the upcoming season, it seems like Oscar Piastri will be hired to take Ricciardo’s position, as reported earlier by RacingNews365.com.

This occurs in the midst of a dispute about Piastri’s services under a contract. On July 30, Alpine revealed that Fernando Alonso will be moving from Alpine to Aston Martin for the 2023 season. Shortly after, Alpine stated that Piastri would take Alonso’s place.

But only two hours after Alpine issued a statement announcing Piastri—which included any statements from Piastri—the Australian driver announced that he will not be racing for Alpine in 2023.

McLaren wants Ricciardo to have a “soft landing”

This is the initial step in the negotiation process involving Ricciardo’s camp and McLaren, so it’s unclear that the squad will accept it right now.

The Woking-based team is reportedly attempting to give Ricciardo a “soft landing” so that he may find a seat elsewhere.

If it is successful, McLaren can use that in their discussions to dramatically reduce the compensation. Since Ricciardo’s camp probably bet a significant sum with the first offer, it is anticipated that the team would try to negotiate the price down.

The eventual settlement is anticipated to be in the eight-figure range (more than $10 million), but not much more.

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Daniel Ricciardo, F1, F1 2022, Formula 1, Grand Prix, Lando Norris, McLaren, Oscar Piastri

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