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Ferrari has offered Sebastian Vettel a new contract at the team involving a pay cut for the four-time world champion, according to reports.
Vettel’s current contract with the Scuderia expires at the end of the 2020 season and his future remains in the air.
According to Sky Sports Italia, Ferrari is keen on re-signing Vettel for another season, but the new contract would see him earn less than his current agreement.
Vettel joined Ferrari in 2015 and has 14 race wins for the team, but is yet to claim a championship with the Maranello outfit.