MARCH 11, 2003
Ferrari offering Michael a reduced salary?
According to press reports in Germany Michael Schumacher is being offered only $30m a year for a new contract to take his relationship with Ferrari beyond the end of next year. The five-times World Champion is currently earning around $40m a year but it seems that Ferrari is reining back slightly on the money - and this could open the way for McLaren to put in a bid to hire Michael. It would not be the first time that McLaren has tried to hire Schumacher.
The German newspaper Die Welt quotes Schumacher's manager Willi Weber saying that he has received the offer from Ferrari and says that "Michael will let me know when he is ready to talk about it."
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