Kevin Magnussen says he wants to remain at Haas beyond this year, but would leave if they ask him to pay for his seat under the new budget cap
The Danish driver joined Haas in 2017 and since then has experienced the team’s high in 2018 as they secured P5 in the Constructors’ Championship, to their low when they slumped to P9 in 2019.
Along the way there have been a fair few incidents with team-mate Romain Grosjean, but Magnussen says the clause is there in his contract for Haas to keep him beyond 2020, and he hopes they trigger it.
“I really want to stay with Haas,” Magnussen told the Danish tabloid BT.
“They have an option on me, and it would really suit me if they use it.
“I am sure that Haas will be a good place to be for years to come.
“And with the budget cap being introduced in 2021, we can get closer to the top.
“It’s also been decided that everyone will continue with the 2020 cars in 2021, so that means it also makes sense to continue with the same drivers.
“Our new car was promising in the winter as it seems like we solved the problems that plagued us last year.”
Drivers salaries are not included in the $145m budget cap coming for 2021.
However, Magnussen said that if Haas begin asking drivers to pay for their seats, then he wouldn’t stay.
“If you have to pay for the seats then I’m no longer there,” he confirmed.
“I both cannot and will not raise the necessary funds.”
As part of financial changes to safeguard the future of F1, the budget cap was reduced to $145m per season, with further reductions to follow in the years after.
Magnussen is happy with the changes and believes it will give Haas the chance to continue “unchanged” whilst the front-runners have to cut back.
“We are now talking about a ceiling that is actually close to our budget, it’s still more than Haas uses,” he said.
“But it will force many of the other teams to cut back, which puts us in a stronger situation.
“It means that we can continue roughly unchanged, while many of the competitors ahead of us will be forced to cut back. Then it gets interesting!
“Gene knows he has a really good, small team. I can understand Gene was frustrated by what happened last year, but I think it was a bump in the road.”