Lewis Hamilton on the Verge of Signing a Huge Contract With Mercedes F1 Claims Reports

Published 03/05/2020, 10:25 AM EST


Lewis Hamilton has been the most prevailing power in Formula 1 in the course of recent years. He is reportedly near writing a staggering £60million-a-year contract with Mercedes. Rumors of the six-time titleholder could be going to Ferrari have quieted down lately. Yet, that is probably not going to influence his new Mercedes agreement.

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Hamilton’s momentum contract lapses toward the finish of the 2020 season and talks are progressing over the three-year expansion.

The German marque is once again expected to be a genuine title contender this year with Hamilton’s priority of a seventh drivers’ crown. In any case, Mercedes are reportedly prepared to pay an astounding £60m yearly pay. Also, there are not many drivers accessible who could sensibly supplant Hamilton.

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Charles Leclerc is reserved in with Ferrari until 2024 and Max Verstappen marked another Red Bull arrangement to 2023 ahead of the new season.

That situation will help Hamilton’s cause in negotiating a pay deal that boils down to £5m-a-month and £1.15m-a-week. The new contract is worth £114 for every minute the great Briton agrees to stick around for.

Lewis Hamilton is in no rush for the contract

In spite of the enormous rumored fee, while talking at pre-season testing, Hamilton demanded that he is in no hurry to plunk down and work out an arrangement with Mercedes boss Toto Wolff.

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Hamilton said: “It is crazy because there is all this talk. But I have a certain approach in that I don’t stress. I trust Toto and we have that trust between us.

“We have told each other what our goals are, what our aims are and our commitments, so I don’t ever feel like there is necessarily any rush.

“But then sometimes Toto is like ‘is everything OK?’, so we keep the channel open and I am sure in the near future we will start to sit down.

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Hamilton remarked: “I love where I am so it is definitely not a quick decision to do something else but it is only smart and wise for me to sit and think of what I want if it is the last stage of my career.”

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Abhay Aggarwal

415 articles

Abhay Aggarwal is sports analyst at EssentiallySports. Having joined ES in early 2020, he has over 300 NASCAR, Formula 1, and Tennis articles to his name. Abhay has been an avid motorsports fan for over a decade, and he even attended the inaugural Indian Grand Prix in 2011.

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