Lewis Hamilton has reportedly been offered a two-year contract extension worth €70million a year by Mercedes F1.
Lewis Hamilton’s current contract with Mercedes expires following the 2023 season, but the seven-time F1 world champion has repeatedly said he wants to stay with the team for years to come.
Lewis Hamilton has raced for Mercedes F1 since 2013 and has owed much of his success with the team in its turbo-hybrid era.
Mercedes F1 team boss Toto Wolff has said he plans to discuss a new contract with Lewis Hamilton over the winter break.
According to Sportune, Lewis Hamilton was offered a salary of €70 million per season, totaling €140 million over two years.
If this number is correct, it would be a significant increase from the current €45m contract, but unlike the current deal, the new extension will reportedly include a €25m bonus for winning the Formula 1 World Champion. It is said that it is not
The contract Mercedes F1 has offered to Lewis Hamilton is said to cover the 2024 and 2025 seasons. Hamilton, who turned 38 earlier this month, will continue his F1 career well into his 40s.
A French report said most of the salary will be paid by sponsor Ineos, which owns a third of the Mercedes F1 team.
Jim Ratcliffe-owned Ineos will be responsible for 90% of the huge deal, which includes a donation to Mission 44, the charity founded by Lewis Hamilton.
Apart from the financial terms of the F1 deal, Lewis Hamilton is seeking an ambassador deal with Daimler (Mercedes-Benz), which is said to demand around €25 million a year.
Lewis Hamilton had his first winless season in F1 last year, when Mercedes struggled to keep up with Red Bull and Ferrari for the entire season.
Category: F1 / mercedes / Lewis Hamilton
