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2018 F1

Hamilton agrees £80m deal with Mercedes until 2020 F1

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Four-time F1 world champion Lewis Hamilton agreed a new contract with Mercedes this week, promising his future to the team until the end of 2020 F1 season.

The news source, BBC Sport claims that, Silver Arrows with a deal which will see him become the sport’s first £40million-a-year driver, with bonuses.

The Brit said a new contract had been “a formality” since he sat down with Mercedes F1 boss Toto Wolff to begin discussions last winter.

He said: “It’s good to put pen to paper, announce it and then get on with business as usual.

“I have been part of the Mercedes racing family for 20 years and I have never been happier inside a team than I am right now.

“We are on the same wavelength both on and off track – and I am looking forward to winning more in the future and shining even more light on the three-pointed star. I’m very confident that Mercedes is the right place to be over the coming years.”

The declaration comes on the eve of Mercedes’ home race in Germany with Hamilton trailing Ferrari’s Sebastian Vettel by eight points.

Lewis Hamilton’s New Contract With Mercedes

💰 £80,000,000 Over 2 Years.

💰 £40,000,000 A Year.

💰 £3,333,333 A Month.

💰 £1,900,000 A Race.

💰 £769,230 A Week.

💰 £109,890 A Day.

💰 £4,579 An Hour.

💰 £76.31 A Minute.

💰 £1.27 A Second.

“Although we have enjoyed so much success together since 2013, Mercedes is hungrier than ever.” Hamilton added

“The competitive passion that burns bright inside me is shared by every single member of this group – always chasing the next improvement and digging even deeper to make sure we come out on top.

“I can’t wait to see what we can achieve together in the next two and a half seasons.”

Mercedes team boss Toto Wolff said: “There has understandably been a lot of interest and speculation around the whole process, so it’s good to put all of that to rest and get this thing announced.

“We signed the final documents this week and didn’t want to keep people waiting any longer!

“There is not much about Lewis as a Formula 1 driver that hasn’t been said already – he is one of the all-time greats and his track record speaks for itself.

“But what I enjoy most about working with him is getting to know the man inside the racing helmet: his relentless drive for self-improvement, his emotional intelligence as a team member and his loyalty to those around him.

“Mercedes has become Lewis’ home in Formula 1. I am very confident that we have some incredible chapters of our story together still to come.”

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