Perez stops short of denying Cadillac pay report

Sergio Perez has not ruled out reports that his new three-year contract with Cadillac is worth around $100 million. He said the team understands his level as a driver, though he did not confirm the figure.

The reported amount would place the Mexican among Formula 1's five or six highest-paid drivers. The deal is understood to be the most lucrative of his career, exceeding what he earned during his Red Bull years.

Perez said he was calm about the situation, adding that Cadillac fully understands his position and value as the team builds towards the next phase of its project.