F1 top news

Report of $231m deal for Hamilton ‘like satire’ – Wolff

dms1418jy63-597x397
Toto Wolff has scoffed at a media report purporting to know the dizzying value of Lewis Hamilton’s next Mercedes contract.

Although the reigning world champion now has no manager, the parties remain locked in protracted talks about a new deal beyond 2015.

London’s Times newspaper said the current discussion is about a new three-year extension worth a staggering $231 million, or $77 million per year.

To be clear, that would be nearly an incredible $1.5 million per week for the 30-year-old Briton, making him easily the highest earner in the history of formula one.

“Sources say Hamilton has decided that, as world champion, he must be the best-paid man on the grid and is anxious to overtake the earnings of Sebastian Vettel and Fernando Alonso,” the report claimed.

German media reports, however, quoted team boss Wolff as utterly rubbishing the claims, saying it is closer to “satire” than reality.

“Such numbers are an absolute illusion,” the Austrian added.

“As Mercedes, we are committed to efficiency, even when it comes to the driver salaries,” Wolff insisted.

Mercedes can probably afford to play hardball with Hamilton, given that although he is a proven title winner and arguably the most marketable driver on the grid, the German team is undoubtedly the most coveted address in pitlane.

“You’re never in a perfect (negotiating) situation,” Wolff said, “but as Lewis wants to be with us, and we want to keep him, what we need to do is find a basis for the two sides to come together.”

Contract talks were said to be at an advanced stage some weeks ago at the Jerez test, “But it just takes time,” Wolff explained.

“We have similar ideas, but it is important to implement them in a contract.”

Turning his attention to Mercedes’ looming title defence, meanwhile, Wolff admitted it will be healthy for the sport if there are more competitive opponents in 2015.

“Ferrari has made a big jump,” he said, “and according to our estimates, they are also now really fast on the straight.

“This pleases us, because it is important for formula one that Ferrari is at the front,” added Wolff.

“Like last year, Williams has built a car with low drag, so the only real question mark we have is Red Bull.” (GMM)

Facebook Comments
Loading...
1 Comment

1 Comment

  1. Alan Finkeldey

    2015/09/16 at 4:45 pm

    Clearly LH is capable of driving the car he was given at a level superior to his teammate (THE benchmark comparison). The question I have that has not been answered is his ability to develop a car and provide feedback to the engineers and assist an underperforming cars improvement. With the lack of testing time the race drivers are pulling double duty. Compared to when teams had a dedicated test team running countless miles. At McLaren we never heard of a reputation for his ability to develop the car and they were not able to keep up in terms of performance of the others. Limited to his time there and isolated from the current standings as so much has changed that comparison would be apples to jellybeans and not equal terms. My point his has he shown a reputation for being able to win in a winning car only and not come from behind? I would tend to think that would be added value and could get the numbers into the range being speculated (though the terms may not be accurate) The same can be said for Vettel. Time will tell.

Leave a Reply

Your email address will not be published. Required fields are marked *

ThisisF1.com is not affiliated with Formula 1, Formula One Management, Formula One Administration, Formula One Licensing BV or any other subsidiary associated with the official Formula One governing organizations The website is an unofficial website, all names and logos used here are property of their respective owners, more specially FORMULA 1, FORMULA ONE, F1, GRAND PRIX and logos and the wide Curves logo are trademarks of Formula One Licensing BV, a Formula One Group Company. Use or depiction of images or trademarks throughout this website is for illustrative and editorial purposes only. Official Formula One information can be found at www.formula1.com

Copyright © 2015 Thisisf1.com

To Top