• According to the article, there is a rumor that Formula 1 driver Carlos Sainz was "shot down" by his team, Ferrari, as he looked to secure a new contract. The report suggests that Sainz was seeking a significant pay increase, but Ferrari was unwilling to meet his demands.

• The article notes that Sainz's current contract with Ferrari is set to expire at the end of the 2024 season. However, it appears that the team is not interested in renegotiating his deal at this time, despite Sainz's strong performance and the potential for him to command a higher salary.

• The article speculates that Ferrari's decision to reject Sainz's contract demands could be related to the team's broader financial situation or its desire to maintain a certain salary structure within the team. It suggests that Sainz may need to wait until his current contract expires before he can potentially negotiate a more lucrative deal.