How Did I Become an F1 Driver?

Chapter 187: Endorsement Contract


During the time Qin Miao waited for the race to start, he naturally saw these comments, but he didn't fulfill the fans' wishes. The main reason was that Qin Miao's image rights were not entirely his; part of them belonged to the Mercedes team.

He's afraid that starting a live stream recklessly might violate clauses in his contract with Mercedes, and he doesn't have a camera. Even if he does start a live stream, viewers wouldn't know which stream is his.

If he starts streaming for a long time and no one watches, wouldn't it be quite embarrassing if people found out?

He was immersed in the gaming world all evening, and after dinner, Qin Miao continued his immersion.

But Qin Miao is different from before. Back when he was in F2, the races weren't stressful, the training tasks weren't heavy, and there was plenty of free time. So he and Zhou Guanyu had lots of time and energy to play games like CSGO, which require full concentration.

Previously, after playing high-intensity FPLs overnight, they would just feel a bit fatigued, but their focus was still there. However, now things are different. During the Grand Prix, Qin Miao needs to use his concentration in many places. After coming home and playing a couple of high-intensity ladder matches, Qin Miao already felt tired.

It's not that Qin Miao's reaction time has worsened. At this time, his physical state and various functions are still in a rising phase, including his reaction ability.

He felt tired purely because he spent the whole morning preparing, had a race in the afternoon, then caught a flight home. He was really exhausted.

So, in the evening, he didn't continue playing competitive games like CSGO. Instead, he and Qimeng played the newly released "It Takes Two" at home.

The two played together until past one o'clock in the morning. Qin Miao initially planned to finish the game, but the game's length was indeed quite long.

Besides, staying up late isn't good for either Qin Miao or Qimeng, so after playing until this hour, they didn't continue.

The night passed without a word, and the next day, Qin Miao began his daily exercises after getting up.

After training, under Qimeng's reminder, Qin Miao went to the study to look at the three endorsement contracts Qimeng prepared for him. These contracts were quite thick, averaging about forty to fifty pages each.

The first one on top was the Mercedes endorsement contract.

It was about making Qin Miao the sole designated endorser for Mercedes in the country, tightening the relationship between the two parties. The good news was that both parties were already familiar with each other and had a foundation of cooperation, so there was no worry about pitfalls in the contract, and subsequent work would proceed smoothly.

What's not so good was that Qin Miao's influence would grow more slowly, and his impact would be confined to the automotive field.

Putting aside the Mercedes contract as an alternative, Qin Miao picked up the second contract for a look: Petronas.

This company is the title sponsor of the Mercedes F1 team. Honestly, Qin Miao hadn't expected them to approach him, but signing a contract with this company would also face similar issues to the first contract.

He would be restricted to this narrow area.

Briefly flipping through the compensation offered by Petronas in the contract, it was really not low, but Qin Miao temporarily placed this contract in the alternative options.

He picked up the last contract.

A familiar logo appeared on the contract; seeing Yili's logo reminded Qin Miao of the dairy products he drank as a child. He remembered he loved Yili's apple-flavored yogurt drink the most.

But since going abroad, he hadn't drunk it again.

Compared to the first two, this one clearly piqued Qin Miao's interest more.

Firstly because it was a brand he had grown up with, and secondly because it was a domestic state-owned enterprise. Qin Miao knew his basic grounds were in the country, and to expand outward, he needed strength and also certain influence and recognition domestically.

Yili was a good choice.

Opening the contract, Qin Miao briefly looked over the terms and obligations he needed to fulfill. He didn't quite understand the details, but he knew it was a global endorsement-level contract with a signing fee of 6.6 million RMB, about one million US Dollars. The subsequent contract offered 60 million RMB a year, with the option to renegotiate after a year based on his performance to raise or lower the endorsement fee.

There was also the option to choose a total of 150 million RMB for two years.

After speaking on the benefits, comes the obligations. The mandatory requirements were two commercials a year, one commercial event, and participation in three Yili-sponsored variety shows. The logo needs to be on the race car, driver's suit, and helmet, and the water cup in the paddock must have the Yili logo.

Additional commercials and commercial events were changed to non-mandatory, with extra bonuses starting at 2 million RMB.

Qin Miao considered it, and although the benefits offered weren't as good as Petronas, they were still generous. At first glance, he was quite satisfied.

However, participating in events and filming commercials was a bit of a headache for Qin Miao.

Luckily, Qin Miao understood the importance of bearing the weight of responsibility before wearing the crown. After tentatively agreeing to this contract, he was already mentally prepared in this regard.

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