Sebastian Vettel has been handed his first new contract offer from Ferrari, but it involves a drastic pay cut, according to reports. The four-time World Champion is now in the final year of the three-year deal which he signed in 2017, a contract worth 100 million. Ferrari have made it clear though that Vettel is their preferred option to retain his seat, racing alongside Charles Leclerc. However, it is the emergence of Leclerc which has hurt Vettel in this situation. Sky Sports Italia  are reporting that Vettel has been offered a new deal by the Scuderia, but only a one-year extension, and it would involve a serious cut to his salary. Vettel had a poor 2019 by his standards –...
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