In a sensational twist that has stunned the world of Formula 1 and motorsport, Sergio “Checo” Pérez is reportedly set to sign a groundbreaking contract with Cadillac Racing that will make him the highest-paid driver in the sport, surpassing even his current Red Bull teammate and reigning World Champion Max Verstappen.

Multiple sources close to the negotiations have confirmed that Checo is on the verge of finalizing a multi-year deal worth an estimated $65 million per season, including base salary, performance bonuses, and commercial rights — a figure that edges out Verstappen’s current earnings at Red Bull Racing.

🚨 A Historic Deal in the Making

The news comes just weeks after rumors began swirling about Cadillac’s aggressive push into Formula 1, in collaboration with Andretti Global. Cadillac’s entry into the elite motorsport arena has been met with skepticism and regulatory hurdles, but with a marquee signing like Pérez, the American giant is signaling it means serious business.

Checo Pérez, currently in his fourth season with Red Bull Racing, has played a crucial role as Verstappen’s teammate — securing podiums, defending key positions, and contributing significantly to the team’s Constructors’ Championship success. However, recent tensions and contract uncertainties have fueled speculation about his future.

Now, it seems Cadillac has swooped in at the perfect time.

💰 Why Pérez Is Worth the Payday

While Max Verstappen has dominated the sport with back-to-back world titles, Checo brings something unique to the table: massive global appeal, particularly in the Latin American and U.S. markets. With a strong fan base in Mexico and increasing popularity in the United States, Checo represents not just performance, but marketing power.

“Cadillac doesn’t just want a fast driver. They want a global icon,” said an insider familiar with the negotiations. “Checo is a sponsor’s dream — relatable, experienced, and deeply admired. This deal isn’t just about racing; it’s about building a brand.”

Industry analysts estimate that Checo’s move to Cadillac could bring in tens of millions in new sponsorships from Mexican corporations, Latin American brands, and U.S. companies eager to connect with a growing multicultural fanbase.

🔥 Reaction Across the Paddock

The news has sent shockwaves through the F1 paddock. Fans, fellow drivers, and even team executives have expressed surprise — and admiration — for Pérez’s strategic leap.

Red Bull Racing has not yet released an official statement, but sources suggest that Pérez’s departure has been on the table for several months. “The relationship was always professional,” one Red Bull engineer commented anonymously. “But Checo deserves to lead his own team. This move gives him that spotlight — and the paycheck.”

Meanwhile, Verstappen’s camp has remained silent on the matter, though speculation is already circulating about how the reigning champ might respond to being financially overtaken by his longtime teammate.

🇲🇽 Mexico Celebrates

In Checo’s home country of Mexico, the news has sparked massive celebrations. Social media is flooded with hashtags like #ChecoToCadillac and #ElMejorPagado, while fans express pride at seeing one of their own rise to the top of the sport — not just as a driver, but as a symbol of success and power.

“This isn’t just about money,” wrote one fan on X (formerly Twitter). “It’s about respect. Checo earned this.”

🔮 What’s Next?

If all goes as expected, the official announcement is likely to be made ahead of the U.S. Grand Prix, aligning perfectly with Cadillac’s American roots and growing F1 presence. Checo Pérez would then begin testing with Cadillac in late 2025, preparing for their full F1 debut in the 2026 season under the new engine regulations.

This move isn’t just a turning point in Pérez’s career — it could be a game-changer for Formula 1 itself. A new team, a new era, and a new highest-paid driver: Checo Pérez is making history.

And the motorsport world will be watching.