Red Bull motorsport advisor Helmut Marko hinted in a recent interview Sergio Perez might get a contract under two conditions.
Sergio Perez has been with Red Bull ever since the start of the 2021 season. Although he couldn't match the pace of Max Verstappen, the team was satisfied with his performance enough to keep him.
It is suitable for a team with the dominant car not to have a conflict between its two drivers. However, that is only for as long as the team has the dominant car.
As regulations change in 2026, Red Bull might lose its competitive advantage. In that case, having one super strong and one weaker driver might not be enough for the Austrian team.
Nevertheless, going into 2025, Red Bull remains a favorite, and so from that point of view, it might suit them to prolong Perez's contract.
Red Bull bosses wanted the Mexican driver to show progress in performance this season, and Helmut Marko has been satisfied with what he has seen from Checo so far.
The only thing that Marko now wants to see is consistency. When it comes to contract negotiations, the 80-year-old suggested Perez needs to come with "reasonable conditions."
The Red Bull boss previously revealed Perez wanted a three-year deal, which is obviously too big of a commitment. Marko told OE23:
"As long as Checo [Perez] is in as good a form as he is now and he comes with reasonable conditions for an extension, there's really nothing to be said against him."
"In fact, he even brings Mexican sponsors with him. His demands are more about the duration of the contract."
According to Racingnews365, Checo's father, Antonio Perez, said that the 34-year-old driver brings in more sponsors than Max Verstappen and Lewis Hamilton combined.
The 34-year-old is a star on the Mexican market which is also huge for Red Bull and sales of their energy drinks. In financial terms, signing Perez makes sense for the team from Milton Keynes. The question that remains is whether they trust Perez's driving skills enough to keep him.