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Lewis Hamilton could quit F1 at end of next season after signing new £40m Mercedes contract… but only for one-year

LEWIS HAMILTON will consider walking away from Formula One at the end of this season.

The Brit has signed an extension to his Mercedes contract to drive for the Silver Arrows in 2021.

Lewis Hamilton has agreed a new 10-month contract with Mercedes for the 2021 season
George Russell has been linked with taking Hamilton’s seat should he leave in 2022

However, it is just a 10-month deal – rather than the expected two or three years – as the world champion is weighing up his future.

Hamilton will earn a reported £40million this season as he goes in search of an eighth world title that would move him clear of the record he currently holds with Michael Schumacher.

The 36-year-old already holds the record for the most wins (95), pole positions (98) and podium finishes (165) in F1.

He said: “I am excited to be heading into my ninth season with my Mercedes team-mates.

“Our team has achieved incredible things together and we look forward to building on our success even further, while continuously looking to improve, both on and off the track.

“I’m equally determined to continue the journey we started to make motorsport more diverse for future generations and I am grateful that Mercedes has been extremely supportive of my call to address this issue.

“I’m proud to say we are taking that effort further this year by launching a foundation dedicated to diversity and inclusion in the sport.

“I am inspired by all that we can build together and can’t wait to get back on the track in March.”

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Mercedes team boss Toto Wolff has stated he isn’t commenting on Hamilton’s long-term future in F1

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Mercedes CEO and team boss, Toto Wolff said that his team will be reevaluating as part of the new rules being introduced in to F1 in 2022 with fellow Brit, George Russell waiting in the wings.

Wolff added: “Lewis needs to decide what his future holds for him, that’s why I wouldn’t want to comment on where Lewis stands.

“The team needs to decide in the long term what we want to do about drivers.

“Valtteri [Bottas] and Lewis have our 100 percent commitment and loyalty for 2021, we will support them with everything we have and we will then look beyond this year and see what is the line up we imagine in 2022 and onwards.

“Our first discussions will be with Valtteri and Lewis in respecting our values of loyalty and integrity.

“On the other side young drivers are the future therefore we need to consider how we want to set ourselves up for the years beyond.”