Ferrari have allegedly made Sebastian Vettel an offer the German driver could turn down as it involves a one-year deal with the Scuderia for 2021 and a drastic pay cut.
According to Sky Italia, the four-time world champion has been handed the “take it or leave it” offer and is awaiting Vettel’s response.
Ferrari boss Mattia Binotto recently said that Vettel remained the House of Maranello’s first option for the future and that contract talks would be conducted in short order.
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Leclerc ‘would be happy if Vettel stays at Ferrari’
However, Vettel’s 2021 retainer – should he accept it – will come nothing close to the German’s three-year 100 million euro renewal signed and sealed in 2017 by Fiat-Chrysler boss Sergio Marchionne.
At the time, Vettel was the undisputable leader of the Scuderia, but today the 32-year-old must contend with his ambitious teammate, the talented Charles Leclerc who outscored him last season in the drivers’ championship.