

Earlier, it had been rumoured that Lewis Hamilton was close to re-signing with Mercedes for 2021 and onwards. To be perfectly honest, he may not have had much if a choice in the matter. Charles Leclerc and Ferrari triggered a massive shift in the driver market.
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Red Bull responded by re-signing Max Verstappen, both drivers on long-term contract. Now it seems that Mercedes have responded as well with their star driver, Lewis Hamilton.
However, whispers from the Italian media suggests that the Mercedes-Hamilton negotiations have hit a road block. According to Il Correre dello Sport, both parties are still ironing out a few key details.
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To be precise, neither side are able to see eye-to-eye on elements like differences in duration and annual salary. As per, FormulaPassion.it, quoting the Italian paper, Lewis Hamilton is targetting an annual salary in the $60 million range.

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What is the Lewis Hamilton-Mercedes discussion about?
On the subject of the duration, the 6-time world champion is also gunning for a long-term deal, like Leclerc and Verstappen. However, it is highly unlikely that new Daimler boss Ola Kallenius, will take the bait. The Swedish CEO is aiming to make a significant reduction in costs by 2022.
All said and done, the Mercedes F1 team may still take Hamilton’s terms into consideration. However, they will be throwing in a . few terms of their own, as a counter. Some suggest that he may not be allowed to jump ship to another team when the deal is up.
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In other words, he could become a Mercedes ambassador upon retirement, similar to what Fernando Alonso did with McLaren. Admittedly, Lewis Hamilton is already the best-paid driver in Formula 1, but his current contract is set to expire at the end of the 2020 season.
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There were numerous rumours linking him to Scuderia Ferrari, but the reports by the Italian press have seemingly dismissed them.
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