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FORMULA 1
Kevin Magnussen
Kevin Magnussen
2024-2024
Kevin Magnussen signed a 1 year contract with the Haas, including $20 signing bonus, and .
Contract Terms:
1 yr(s)
Signing Bonus:
$20
Free Agent:
2025 / UFA
| Year | Age | Cap HitAnnual | Cash Annual | Cash Cumulative | |
|---|---|---|---|---|---|
| 2024 |
|
31 | $5,000,000 | $5,000,000 | $5,000,000 |
| 2025 |
|
32 |
UFA |
| Year | Age | Base Salary | Cap Hit | |
|---|---|---|---|---|
| 2024 |
|
31 | $5,000,000 | $5,000,000 |
| 2025 |
|
32 |
UFA |
| Year | Age | Base Salary | Cash Total | Cash Cumulative | Cash Remaining | |
|---|---|---|---|---|---|---|
| 2024 |
|
31 | $5,000,000 | $5,000,000 | $5,000,000 | - |
Contract Notes
- 2024 salary via Racing365
Source:
FORMULA 1 contract specifics generally collected from verified reports.
2022-2023
Kevin Magnussen signed a 2 year contract with the Haas, including $20 signing bonus, and .
Contract Terms:
2 yr(s)
Signing Bonus:
$20
Free Agent:
2024 / UFA
| Year | Age | Cap HitAnnual | Cash Annual | Cash Cumulative | |
|---|---|---|---|---|---|
| 2022 |
|
29 | $6,000,000 | $6,000,000 | $6,000,000 |
| 2023 |
|
30 | $5,000,000 | $5,000,000 | $11,000,000 |
| 2024 |
|
31 |
UFA |
| Year | Age | Base Salary | Cap Hit | |
|---|---|---|---|---|
| 2022 |
|
29 | $6,000,000 | $6,000,000 |
| 2023 |
|
30 | $5,000,000 | $5,000,000 |
| 2024 |
|
31 |
UFA |
| Year | Age | Base Salary | Cash Total | Cash Cumulative | Cash Remaining | |
|---|---|---|---|---|---|---|
| 2022 |
|
29 | $6,000,000 | $6,000,000 | $6,000,000 | $5,000,000 |
| 2023 |
|
30 | $5,000,000 | $5,000,000 | $11,000,000 | - |
Contract Notes
- 2023 salary via Racing365
Source:
FORMULA 1 contract specifics generally collected from verified reports.
2020-2020
Contract Terms:
1 yr(s) / $1,500,000
Average Salary:
$1,500,000
Signing Bonus:
N/A
Free Agent:
2021 / UFA
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2019-2019
Contract Terms:
1 yr(s) / $1,200,000
Average Salary:
$1,200,000
Signing Bonus:
N/A
Free Agent:
2020 / UFA
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2018-2018
Contract Terms:
1 yr(s) / $2,500,000
Average Salary:
$2,500,000
Signing Bonus:
N/A
Free Agent:
2019 / UFA
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2017-2017
Contract Terms:
1 yr(s) / $1,000,000
Average Salary:
$1,000,000
Signing Bonus:
N/A
Free Agent:
2018 / UFA
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2016-2016
Contract Terms:
1 yr(s) / $900,000
Average Salary:
$900,000
Signing Bonus:
N/A
Free Agent:
2017
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2014-2014
Contract Terms:
1 yr(s) / $1,440,000
Average Salary:
$1,440,000
Signing Bonus:
N/A
Free Agent:
2015 / UFA
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Seasons
Years
Career Earnings thru 2026
$26,240,000
Earnings w/ Different Teams
3 teams
Earnings Per Year
| Year | Age | Team(s) | Status | Cash Total | Cash Cumulative | Awards |
|---|---|---|---|---|---|---|
| 2014 | 21 |
 |
Active
|
$1,440,000 |
$1,440,000 |
|
| 2016 | 23 |
 |
Active
|
$900,000 |
$2,340,000 |
|
| 2017 | 24 |
|
Active
|
$1,000,000 |
$3,340,000 |
|
| 2018 | 25 |
|
Active
|
$2,500,000 |
$5,840,000 |
|
| 2019 | 26 |
|
Active
|
$1,200,000 |
$7,040,000 |
|
| 2020 | 27 |
|
Active
|
$3,200,000 |
$10,240,000 |
|
| 2022 | 29 |
|
Active
|
$6,000,000 |
$16,240,000 |
|
| 2023 | 30 |
|
Active
|
$5,000,000 |
$21,240,000 |
|
| 2024 | 31 |
|
Active
|
$5,000,000 |
$26,240,000 |
|
| Total |
$26,240,000 |
Earnings Per Team
| Years | Team | Base | Incentives | Cash Cumulative |
|---|---|---|---|---|
| 1 |
|
$1,440,000 | - | $1,440,000 |
| 1 |
|
$900,000 | - | $900,000 |
| 7 |
|
$23,900,000 | - | $23,900,000 |
| Year | Team(s) | Age | Base | Incentives | Cash Total | Cash Cumulative |
|---|---|---|---|---|---|---|
| 2014 |
|
21 |
$1,440,000
|
$1,440,000 |
$1,440,000 |
|
| 2016 |
|
23 |
$900,000
|
$900,000 |
$2,340,000 |
|
| 2017 |
|
24 |
$1,000,000
|
$1,000,000 |
$3,340,000 |
|
| 2018 |
|
25 |
$2,500,000
|
$2,500,000 |
$5,840,000 |
|
| 2019 |
|
26 |
$1,200,000
|
$1,200,000 |
$7,040,000 |
|
| 2020 |
|
27 |
$3,200,000
|
$3,200,000 |
$10,240,000 |
|
| 2022 |
|
29 |
$6,000,000
|
$6,000,000 |
$16,240,000 |
|
| 2023 |
|
30 |
$5,000,000
|
$5,000,000 |
$21,240,000 |
|
| 2024 |
|
31 |
$5,000,000
|
$5,000,000 |
$26,240,000 |
|
| Total |
$26,240,000 |
$26,240,000 |
Earnings Per Team
| Years | Team | Base | Incentives | Cash Cumulative |
|---|---|---|---|---|
| 1 |
|
$1,440,000 | - | $1,440,000 |
| 1 |
|
$900,000 | - | $900,000 |
| 7 |
|
$23,900,000 | - | $23,900,000 |
-
Aug 24, 2023
Signed a 1 year contract with Haas (HAAS) for 2024 season
-
Mar 09, 2022
Signed a multi-year contract with Haas (HAAS)
- Oct 22, 2020 Will not be returning to Hass F1 Team (HAAS) for the 2021 season
-
Nov 10, 2016
Signed a contract with Haas
-
Feb 03, 2016
Signed a contract with Renault
-
Oct 05, 2015
Released by McLaren
- Dec 11, 2014 Demoted to test/reserve drive with McLaren
-
Nov 14, 2013
Signed a contract with McLaren