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Ricciardo looking for $21 million compensation from McLaren

RacingNews365.com has learned that McLaren intend to release Daniel Ricciardo from his contract for 2023, with the Australian's camp said to be seeking a significant payout as part of the negotiations.

Daniel Ricciardo's camp are looking for financial compensation in the region of $21 million due to McLaren intending to release him from his deal for 2023, RacingNews365.com has learned. Though the team currently have Lando Norris and Ricciardo under contract for next year, it appears that Oscar Piastri will be brought in to replace Ricciardo, as previously revealed by RacingNews365.com . This comes amid a contractual tug-of-war over Piastri's services. With Fernando Alonso's 2023 move from Alpine to Aston Martin announced on 30 July, Alpine soon announced that Piastri would race for them in his place. However, just two hours after Alpine's statement confirming Piastri – which did not include any quotes from Piastri himself – the Australian released a statement of his own saying that he would not be driving for Alpine in 2023.

McLaren seeking 'soft landing' for Ricciardo

With this being the first move in the process of negotiations between Ricciardo's camp and McLaren, it appears unlikely that the team will immediately agree to it. The Woking-based squad are also said to be trying to create a 'soft landing' for Ricciardo, to ensure that he finds a seat elsewhere. If that succeeds, McLaren can use that in their negotiations and make the compensation significantly lower. The expectation is that the team will negotiate the amount downwards, with Ricciardo's camp likely to have staked high with the first offer. It is expected that the final settlement will be an eight-figure one (more than 10 million), but not much more.