Red Bull Reportedly Weighs Sergio Perez Exit Amid Costly Contract Implications

The Formula 1 team is rumored to face a $16 million settlement to replace Perez after a disappointing 2024 season.

Sergio Perez's future with Red Bull is uncertain following a lackluster season where he finished eighth in the Drivers' Standings, far behind teammate Max Verstappen.
Perez's performance declined significantly after April's Chinese Grand Prix, with no podium finishes and only 49 points in the last 18 races.
Speculation suggests Red Bull may terminate Perez's contract early, potentially incurring a reported $16 million settlement fee.
Red Bull is rumored to be considering internal replacements, with Liam Lawson emerging as a favorite over Yuki Tsunoda, despite concerns about Lawson's limited experience.
Perez acknowledged ongoing discussions with Red Bull, emphasizing the need to determine the best path forward for both parties.