George Russell remains one of only a few Formula 1 drivers not yet signed to Mercedes for 2026 season; talks between both parties seeming slow in progressing despite all that could come out from continuing their partnership. Russell has made clear he would only renew if terms satisfy him personally, with length being his top concern in renewal agreement negotiations.
Russell is seeking a multi-year contract from Mercedes for various reasons; however, Mercedes have yet to present terms acceptable to her. While Toto Wolff, their team principal, claims finalizing this new agreement should be straightforward, it seems more complex than initially imagined.
Wolff’s View on Multi-Year Contracts
Russell has proven himself as a crucial asset to Mercedes, especially highlighted by his performance this year where he contributed to 75% of the team’s points. Despite his significant contributions, the negotiations concerning his contract renewal have been less than ideal.
During the first half of 2025, Russell observed from the sidelines as Mercedes engaged in negotiations with Max Verstappen. Red Bull’s inability to compete with McLaren, combined with uncertainties about their 2026 project, accelerated discussions between Verstappen and Mercedes, sidelining Russell’s contract talks.
Wolff has been openly admiring Verstappen, stating that speaking with top drivers is natural for any team principal. Following the Italian Grand Prix, Wolff praised Verstappen’s exceptional talent, further emphasizing the reduced importance of long-term contracts in the high-pressure environment of Formula 1 according to him.
Why Russell is in a Position to Wait
Mercedes have often caused dissatisfaction among their drivers by failing to offer multi-year contracts, as was evident with Valtteri Bottas and Lewis Hamilton respectively. Russell believes he deserves one after taking over team leadership post Hamilton; given their interest in Verstappen.
Due to Mercedes’ interest in other talents, Russell sees no need to concede on any of his demands regarding contract terms and this impasse over contract negotiations marks an essential moment in Russell’s attempt at security of future in spite of Mercedes’ pursuit. At present both parties appear content in maintaining their current stance during these talks; yet their outcome remains to be seen.