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Max Verstappen has reportedly signed a bumper new contract with Red Bull that puts him in the same pay bracket as Lewis Hamilton. The 24-year-old's stock has never been higher than now after he secured the first F1 title of his career back in December. And he's now poised to race for Christian Horner's team until he's 30, having committed to fresh terms.

Verstappen beat Hamilton to the F1 championship in December, with controversy allowing the Red Bull star to reign supreme.

And, now, the Daily Mail say the Dutchman has renewed his contract with his current team.

It's stated the 24-year-old has already signed a new deal believed to be worth a staggering £40million a year, putting him alongside Hamilton in the sport's salary standings in the process.

It's claimed Verstappen recently visited the team's factor in Milton Keynes on Tuesday to die up