Perez Cadillac Contract: Extension Runs Through 2029

The Perez Cadillac contract is done: Sergio Pérez has signed a new deal, announced on 28 October 2026, days before his home race at the Mexico City Grand Prix. Sky Sports reports a two-year extension that runs to at least the end of 2029, and RacingNews365 quotes Pérez saying he is "fully committed for the next three years". The deal lands with Cadillac in its first Formula 1 season and still waiting for its first points.

What the Perez Cadillac contract actually says

Not much, officially. The reporting agrees on the shape: Pérez stays, the commitment is long, and Cadillac chief executive Dan Towriss called him an integral part of the team. The exact length is where the outlets differ in wording. Sky Sports puts the new end date at 2029, while RacingNews365 describes only a "multi-year deal" and relays Pérez's own three-year framing. Those two are compatible if you count from 2027, but neither piece gives a formal term from the team, so treat "through 2029" as reported rather than confirmed.

Sky Sports also reports that Valtteri Bottas, the other Cadillac driver, is understood to be signed through the end of 2027. That is a single-outlet detail, so file it under "reported".

Why sign now, and why Mexico City

The timing is the story. Pérez makes his 300th grand prix start this weekend at the Mexico City Grand Prix, on Sunday 1 November 2026, in front of his home crowd. Announcing a long contract the week of a milestone race is good theatre, and it settles his future before the cameras arrive.

It also says something about Cadillac. A new team that signs a driver for several more seasons is telling everyone, including its own engineers, that the plan is built on years, not rounds.

What the GridRaces numbers say

Through the first 17 rounds of 2026, Pérez has started every race, finished 12 of them, and scored no points. His best result is 14th, and his average classified finish is 15.8. Against Bottas in qualifying he leads 9 to 8, which is about as even as a teammate battle gets.

That is not the résumé of a driver failing a team. It is the résumé of a driver in a car that has not yet found the points. Cadillac is paying for a steady hand and a long runway, and the contract reads as a commitment to patience. Our read: this is a signing about the long rebuild, not about round 17 of a hard season.

What happens next

Pérez's focus this week is a home race, and the Mexico City altitude can reshuffle a lot of cars. For a team still hunting its first point, a thin-air weekend is one of the few places where the order can wobble. Watch the Sunday race, then watch how quickly Cadillac's points drought becomes the question the contract was designed to outlast.

Follow the full picture on the GridRaces standings, compare both Cadillac drivers on telemetry, and browse more news coverage.