• Feb 20th 2008 at 3:31PM
  • 22

Back in the 2005 and 2006 Formula One seasons, Fernando Alonso thoroughly trounced Michael Schumacher for the title. Since then, however, Alonso hasn't beaten many of Schumacher's records, but the two-time champion can now rest easy – in a big, solid gold chair – knowing that he's finally making more than Schumi.

Although finances in F1, as we've reported before, are secrets as closely guarded as technical breakthroughs, reports now indicate that Alonso's deal to return to Renault has made him the most highly-paid driver in or out of F1. If the reports are to be believed, Alonso will make $46 million this season. That's only from his contract with Renault and does not include assuredly lucrative sponsorship deals, and only stands if Alonso stays for a second year. The amount is a symbolic $1 million more than what arch-rival Kimi Raikkonen reportedly makes at Ferrari and more than double what his former team-mate Lewis Hamilton pulled in last year driving for McLaren. In fact, Hamilton reportedly resigned with McLaren for $138 million over the next five years, which breaks down to $27.6 million per year or $1.53 million per race in 2008. Alonso will be earning $2.55 million per race this year, and if renewed for next year will beat even the lucrative $86 million two-year offer Schumacher got to stay at Ferrari through 2008.

[Source: F1-Live, Photo by Jasper Juinen/Getty]

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    • 1 Second Ago
      • 7 Years Ago
      holy crap! and I thought A-Rod was overpaid...
      • 7 Years Ago
      Iam ashamed of Briatore to consider that little bitch worth that much.... I dont understand how he fostered Kovalinen into a good enough driver to compete then he trades him away?

      Idk I could go on and on regarding that subject... Damn wild driver politics.

      I'd still do it for free and work a full time job on the side
      • 7 Years Ago
      who in their right mind would want a renault hypercar over a ferrari?
      • 7 Years Ago
      Lewis Hamilton resigned from McLaren!!!??? When!??

      What team is he going to? Are they any seats left still?
        • 7 Years Ago
        This is the second time that Autoblog used the word "resigned" in the wrong context. The first time was in the original story about Hamilton "resigning."
        • 7 Years Ago
        Hamilton re-signed, not resigned. He's still with McLaren
        • 7 Years Ago
        Hamilton re-signed (extended his contract) with McLaren.

        For a second, I thought the same thing when I read it.
      • 7 Years Ago
      He never trounced Ferrari they had a bad year, Alonsohole had a good year and was lucky. Last half of what you hear about him is true, I've seen it with my own eyes. He's ungreatful to his fans and thinks he above all.
      • 7 Years Ago
      I'll guarantee at least as much screen time for 1/2 the price.
      • 7 Years Ago
      Yeah, but 4/5 of the world never heard of A-Rod.

      Alonso is worth every penny. Just think, he'll make all that money and be able to blame not winning on the car!

      That is brilliant!
        • 7 Years Ago
        @ DA_U

        Are you kidding me? F1 is second to soccer (and maybe cricket) as the most popular WORLD sport. Welcome to Earth!
        • 7 Years Ago
        i bet more have heard of A-Rod than Alonso.
      • 7 Years Ago
      Alonso was overpaid...! Ya, he trounced Michael Schumacher for the title in the 2005 and 2006 Formula One seasons, but to look back the 2007 season, he still hasn't beaten many of Schumacher's records: http://dealstudio.com/searchdeals.php?deal_id=85222&ru=279 , Do you think in the 08 season Alonso will beat Kimi, Hamilton? Oh, that is kidding!!!
      • 7 Years Ago
      I don't think it's been mentioned, but he'll probably get a bonus for every point he scores. However, he has downplayed his chances this year, so unless Renault can go back to their 2005-2006 form, those points will not be many (relative to Ferrari/McLaren/BMW).
      • 7 Years Ago
      This is just dumb as Alonzo may be good but he is no Schumi. He is a whinny wanker for crying out load. Alonzo has been the most fortunate driver in F1 history. All the champs faced adversity except Alonzo. 2005 he had no competition. 2006 he just lucked out. To say that Alonzo trounced Michael in 2006 is completely off the mark and sensational. Alonzo was very lucky that Schumi faced technical issues that year. The Ferrari was not quit up to snuff at the beginning of the season but Schumi worked it and Ferrari was clearly a better team at the end. Schumi should have won that year but the sensative Alonzo lucked out in the last two races. It is interesting that Schumi got a 2 year contact to do shank!
      • 7 Years Ago
      Alonso is a very good driver and what he is getting paid worth every penny... Media portrays people differently.. from my experience based on his interview and comments he is very down to earth and loves his fans.. people might mis judge him based on media articles.. that is half story.. he has proven his ability and gave renault 2 titles so far.. which no other driver has done.. he not only drives well but builds a better car.. so he will for sure bring the renault back with good car and compete for championship. if not this year for sure next year.. i m not a big fan of him though... but based on my meticulous analysis i would say he is a very very good driver.. one should appreciate one's effort without prejudice...
      • 7 Years Ago
      This article is full of crap.

      1. Kimi makes about 50 million dollars a year at Ferrari.
      2. Hamilton made very little money last year at Mclaren because he was a rookie and Mclaren had supported for more than a decade. I think he made (only) a million or so. He just re-signed at Mclaren for that juicy! deal.
      3. I find it really diffcult to believe that 46 million dollar amount for several reasons. Alonso is not the hot shot commodity in F1 anymore after his theatrical performances at Mclaren last year. He was trounced by a rookie, Lewis Hamilton. Yes, Hamilton is a top driver but it was not just Alonso's driving. It was also his attitude at Mclaren. He was constantly the source of annoyance in the team because he could not accept the fact that he was beaten by his team mate. I would not be surprised if there were cheers from the Mclaren garage this year every time Alonso has a DNF. Also, Alonso backstabbed his own team in the spy scandal which cost Mclaren 100m dollars + intervention by FIA on the way Mclaren's car was designed for 2008 + humiliation + sponsorship troubles+etc.... The other teams are not stupid enough to believe that Alonso will not do the same again in the future. All the teams know that he is not the hot rod he used to be just a few years back.
      4. His deal is just for 1 year because he did not want to commit for anything longer than that. He thinks Ferrari wants him in their team after 2008 (Good luck with that!).
      5. The rumor is that he will not be attending any sponsorship occasions this year. 46 million just for driving the car is simply ridiculous.
      6. Renault is not a team with deep pockets. That's actually the reason why Alonso left Renault for Mclaren in the first place. He could not earn very much there.
      7. Flavio Briatore is not a stupid man. He would have a lot of explaining to do to the Renault board if he paid any amount close to 46 million dollars.

      Yes, Alonso is a very good driver but I would be surprised if Alonso was paid half of that amount.
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