Why Lewis Hamilton is Worth the Big Bucks Amid an Alleged Contract-Standoff at Mercedes F1

January 5, 2021 10:12 am

It is ironic that the most successful driver in F1 history is still without a contract for the next season. Fresh off a record-equaling seventh world title and a well-deserved knighthood, it could not have gone any better for him. However, this proves to be a bump on the road for Lewis Hamilton.

According to reports, he is demanding a salary close to 40 Million Euros a year, plus 10% of future World Championship prize money from Mercedes. On top of that, he wants a bigger role within the organization that sees him play a part in their electric division.

Formula One F1 – Sakhir Grand Prix – Bahrain International Circuit, Sakhir, Bahrain – Mercedes’ George Russell celebrates after qualifying in second position Pool via REUTERS/Tolga Bozoglu

Also, he wants a longer deal, i.e., one that lasts for four seasons. Daimler, one-third owners, are relenting because of his age, with George Russell waiting in the wings.

However, the Briton is worth all of it and here’s why.

Lewis Hamilton steps up in the most important moments

He is still the best driver on the grid. Though many critics would want to argue that someone like Max or Leclerc is better, that is just based on their potential. They haven’t been thrown in the deep end like Lewis yet.

Hamilton came close to winning a world championship in his rookie season, beating defending Champion Fernando Alonso along the way. He then won it the very next season, overtaking Timo Glock in a dramatic final lap.

FILE PHOTO: Formula One F1 – Turkish Grand Prix – Istanbul Park, Istanbul, Turkey – Mercedes’ Lewis Hamilton celebrates after winning the race and the world championship Pool via REUTERS/Clive Mason/Pool/File Photo

Hence, he has a penchant for making it count when it matters. Look no further than his unlikely win at the Turkish GP. While tire management was not the strongest suit early in his career, he drove a mammoth 50 laps on a single set of compounds to seal the victory.

Even his rivals acknowledge that. When George Russell’s Sakhir GP performance raised the question if Mercedes actually needed Hamilton, Max defended him.

His commercial power

Something that is very hard to ignore. He is arguably the most popular driver on the grid. This is also why Daniel Ricciardo is so handsomely paid, despite not winning a world championship yet.

Hamilton is a model for change in F1. He endorses equality, veganism, and energy conservation; seldom has a driver been so outspoken in F1 history. Though he gets into trouble sometimes, you can’t certainly ignore what he has to say.

AUSTIN, TX – OCTOBER 22: Lewis Hamilton of Mercedes and Great Britain and Niki Lauda of Germany and Mercedes during the United States Formula One Grand Prix at Circuit of The Americas on October 22, 2017 in Austin, Texas. (Photo by Peter J Fox/Getty Images)

All in all, it is a no-brainer for AMG Mercedes to hand him a record-breaking contract. He has earned every bit of it. Hopefully, it is a matter of fine details and fans get to see him as Valtteri Bottas‘ teammate again next season.

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