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Nonetheless, Red Bull believe that he delivers the all-round package they need alongside Verstappen. He has shown decent pace – even if lacking consistency – and has a harmonious relationship with his team mate.
Red Bull are still leading the constructors’ championship – even if the gap is much smaller than they would like (24 points) – and they retain hope that Perez will up his level to the point where they can stay there.
The team evaluated in-form Carlos Sainz, who has won one race and taken three podiums so far this year, but conversations never accelerated to a point where they got serious.
READ MORE: Horner calls on Red Bull to ‘understand weaknesses’ after challenging Monaco GP weekend
They also decided that despite Yuki Tsunoda’s remarkable start to 2024, he wasn’t ready to step up to Red Bull – nor was his team mate Daniel Ricciardo or their reserve driver Liam Lawson.
With all that in mind, they decided continuity and unity between team mates was the best option – and thus offered Perez an extended stay.
A two-year deal will take Perez though to the end of 2026 with Red Bull, but there are likely to be performance clauses in the deal that could be triggered at the end of next year.
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