The Dutchman’s current contract was due to expire after the 2023 season, but the 24-year-old expects more long-term success with the team.
“I really like being part of the Oracle Red Bull Racing team, so choosing to stay until the 2028 season was an easy decision,” Verstappen said in a statement, referring to his new five-year contract.
“I love this team and last year was just amazing, our goal since we got together in 2016 has been to win the championship and we did it, so now it’s about keeping the number one in the car in the long run.”
In the wake of last year’s dramatic title race in Abu Dhabi, Verstappen signaled his intention to have a long relationship with Red Bull.
“My team knows I love them and I want to do that with them for the next 10 or 15 years,” he said at the time.
That wish now seems a reality, as Red Bull Racing boss Christian Horner is eager for more, saying the deal is a “true statement of intent.”
“Our immediate focus is on retaining Max’s World Cup title, but this deal also shows that he is part of the team’s long-term planning,” he said in a statement.
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Verstappen joined the Red Bull team in 2015, joining Toro Rosso’s second string team in his debut season in Formula One.
He was then promoted to Red Bull Racing in 2016 and became one of the best drivers on the net.
His rivalry with Lewis Hamilton last year was described as the best title race the sport has ever seen.
This happened in the last lap of the season, as Verstappen took advantage of the safety features of the car to win his first world title in the most controversial circumstances.
The newly crowned world champion will begin defending his title in Bahrain on March 20th.