Lewis Hamilton Insists F1 Salary Cap Not Stalling Mercedes Contract Talks For 2021

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October 31, 2020 11:39 am

As 2021 draws closer, teams will want to finalize their driver lineups at the earliest. Surprisingly, the future of Lewis Hamilton has been a source of mystery so far.

Although it is a near certainty that Hamilton will extend his contract, fans are inquisitive about the timing of the same. One indication has been that possibly after Mercedes and Hamilton seal their respective titles, talks will further speed up.

However, the idea of a salary cap in Formula 1 was being floated about this week. The Mercedes driver believes that that is not a factor in his impending contract extension talks.

Lewis Hamilton had heard about the idea of a salary cap last year

Speaking in the pre-race press conference, Hamilton is quoted as saying, “There’s nothing to do with that, I didn’t even know that that was being discussed. I think from the drivers’ point of view it is a surprise, we obviously heard of the idea a while ago.”

“I think it was last year in France maybe. But it’s the first that we heard this week,” concluded Hamilton.

Like many sporting leagues across the world, a salary cap could provide a control variable of efficiency. Some suggest that F1 teams have agreed to a driver salary cap framework, in principle. Although the finer aspects of the same are yet to be worked out.

Hamilton’s new contract a matter of duration or price?

Obviously, being the best driver on the grid and world champion comes with a few perks. Hamilton would also expect the remuneration to be in line with the success that he brings home to the team.

Formula One F1 – Portuguese Grand Prix – Algarve International Circuit, Portimao, Portugal – Mercedes’ Lewis Hamilton after winning the race Pool via REUTERS/Jorge Guerrero

From that perspective, there is also a possibility that Hamilton might consider a shorter deal at Mercedes. His other projects could take precedence in the future. This could also see him gradually step away from Formula 1.

Like has been stated already, Mercedes and Hamilton are both focused on achieving their set targets first. Naturally, when they have sewn them up, there will be time to discuss a contract that aligns with the Briton’s future ambitions.

Bhargav Gopal

Hailing from Bengaluru, Bhargav is an F1 and NASCAR author for EssentiallySports. He is a huge fan of Max Verstappen and Red Bull Racing. Bhargav also has an MBA in Sports Management from the Symbiosis School of Sports Sciences, Pune. Bhargav is quite a genius in his field, having won the All-India Marketing Case Study Competition 2015. He also loves to combine his love for marketing and sports by taking part in competitions like Knockout: Sports Marketing Case Study by IIM Ahmedabad.

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