Alonso set to be handed lucrative deal by McLaren

Fernando Alonso is set to be handed the most lucrative contract in the history of Formula One is he does, as expected, make his move to McLaren Honda at the end of the season.

Alonso’s move to the British team has been one of the longest transfer sagas in the history of the sport and if he does make the move, the Honda powered team is expected to make it worth it for him.

The Spaniard drove just one season for the team back in 2007 and an announcement regarding his return to the team is expected to be announced once the current season ends after the Abu Dhabi Grand Prix in the United Arab Emirates.

According to the press in his native Spain, the deal will be a multiyear deal and will be the biggest in the history of Formula One, surpassing even the $ 150 million three year deal that Sebastian Vettel is expected to sign for Ferrari as he gears up to replace Alonso at the Italian giants.

Alonso was pushing for a one year deal so that he would be free to sign for Mercedes if a vacancy arose at the German outfit in 2016, or with Audi with the manufacturers expected to enter Formula One starting in 2016 but McLaren have put a £ 25 million a year, two year deal with the option of a third year.

Both the parties agreed on a multiyear deal which will see the Spanish former double world champion become the front man for the new project that McLaren has undertaken with Honda as its engine providers as they look to return to winning ways.

The Spaniard is expected to replace British driver Jenson Button for the team with rookie driver Kevin Magnussen as his understudy in the team.