Connect with us

2018 F1

Hamilton and Mercedes close to sign F1’s most lucrative deal in history

Published

on

Four-time F1 world champion Lewis Hamilton is ready to sign the most lucrative driver deal in Formula One history within the next month as he prepares his bid to become only the third man to win the world championship five times, with his new Mercedes pay-packet believed to earn him up to £40m-per-year.

Speaking at the launch of the Mercedes’ new W09 car at Silverstone, Hamilton indicated the signing could come in a matter of weeks.

“Hopefully we’ll have something done before the beginning of the season, before the start of the first race,” said the 33-year-old Briton, whose current deal expires at the end of the year.

“We’ve been talking for a while but I don’t like to do it over the phone and I wasn’t back here until February,” Hamilton said. “I have spoken with (Mercedes team boss) Toto Wolff, and we spoke about how we are committed to each other.

“I know there’s no one else better and Toto knows there’s no one else better than me, so he is not looking anywhere else.

“It is just the details, so hopefully it’s done before the start of the season, before the first race, but there’s no rush, and no panic. The Brit added

“I am not feeling pressure from other drivers and Toto has no reason to believe I am speaking to anyone else. In the six years I have been here, I have not spoken to another team and that shows how committed I am.”

Wolff said that he had spoken to Hamilton regularly by phone and through messaging and hoped to have the deal done within “a few weeks” and “the sooner the better”.

“He (Hamilton) has been with the team six years so we are talking about extending that to a very long time with the same driver in the same team,” said the Austrian.

Hamilton has slowly returned to social media in recent weeks, he has admitted he will filter his posts.

“We had already planned at the end of the year to start a clean slate, and it just so happened that it was an opportunistic time to change it,” Hamilton said as he reflected on his social media purge.

“Moving forward, there is a balance you have to strike. I have been very open with my life for several years and it is always difficult to make a change because I have enjoyed being open.

“But we are living in strange times where things are magnified a lot more than they were in previous years. It is a critical time for the world.

“I will continue to show the world what I am doing, but it is about being more strategic in what I do show and don’t show. Social media is still the gateway to connect to fans, so it will be a part of my life. As to how deep I will go, we will see.”

Hamilton will get his first appropriate taste of this year’s Mercedes at next week’s opening winter test in Barcelona before the curtain raiser in Melbourne on March 25.

Loading...

Comments

Latest Results

Latest F1 News

2019 F114 hours ago

Vettel even stronger after Canada GP – Binotto

Mattia Binotto says Sebastian Vettel will “emerge even stronger” from the Canada GP penalty controversy. Last week, Ferrari dropped its...

2019 F114 hours ago

Marko rules out MotoGP test for Verstappen

Dr Helmut Marko has ruled out a MotoGP test for Max Verstappen. Marko said recently that MotoGP supremo Carmelo Ezpeleta...

2019 F114 hours ago

Ferrari concept change will take weeks

Mattia Binotto says it will take Ferrari “two or three upgrades” before the Italian team can take on Mercedes at...

2019 F114 hours ago

Pirelli design issue should be fixed – Binotto

Mattia Binotto has joined Red Bull in calling for Pirelli to change its tyre design. Last week, outspoken Red Bull...

2019 F15 days ago

Karting now physically harder than F1 – Grosjean

Romain Grosjean says even go-karting is now more physically difficult than racing in Formula 1. In Canada last weekend, five...

2019 F15 days ago

Not enough support for tyre change – Marko

Dr Helmut Marko has admitted he cannot get enough support to force Pirelli to change its controversial tyres. The Red...

2019 F15 days ago

Kvyat much more mature in 2019 – Tost

In his third stint at Toro Rosso, Daniil Kvyat is a better driver than before. That is the view of...

2019 F15 days ago

No B spec car for Paul Ricard – Abiteboul

Cyril Abiteboul has denied that Renault’s upgrade for its home race in France next weekend amounts to a ‘B spec’...

2019 F16 days ago

Honda to race second engine upgrade in France

Honda will take its second engine upgrade of the 2019 season to Paul Ricard next weekend. In April, just a...

2019 F16 days ago

Canadian GP race personal wake-up call – Bottas

Valtteri Bottas has described the Canadian GP race weekend as a personal “wake-up call”. With his new beard on show...

Most Popular

ThisisF1.com is not affiliated with Formula 1, Formula One Management, Formula One Administration, Formula One Licensing BV, Formula One World Championship Ltd or any other organization or entity associated with the official Formula One governing organizations or their shareholders. Copyrighted material used under Fair Use/Fair Comment.

References
We could use the following leading F1 news sources for stories: SkyF1, BBC F1, Autosport, ESPN F1, FIA Media Center, MotorSport, JamesAllen and others leading authors blog.

All Rights Reserved © 2017 Prime Sport Media