Connect with us

Hi, what are you looking for?

Sporting ExcitementSporting Excitement

Formula 1

Lewis Hamilton ‘offered £62 MILLION per season extension to F1 Mercedes deal but huge world champion bonus removed’

, Lewis Hamilton ‘offered £62 MILLION per season extension to F1 Mercedes deal but huge world champion bonus removed’

LEWIS HAMILTON has reportedly been offered a mega £62million-a-year extension to his Mercedes contract.

His current deal expires at the end of the 2023 season.

Lewis Hamilton has reportedly been offered a new Mercedes deal worth £60m

Merc chief Toto Wolff is relaxed about the situation

However, the reported new contract does not include the whopping £22million bonus for winning the World Championship that is in his current deal.

Instead, French outlet 20 Minutes say Hamilton, 38, has been offered a two-year deal worth £62m-a-year.

His current deal is worth a reported £40m-a-year.

Advertisement. Scroll to continue reading.

So instead of potentially earning a bonus £22m for winning a record eighth world title, Hamilton will reportedly see his base salary increase by that figure.

The deal is also rumoured to include a 10-year ambassadorial role for when he does eventually retire, worth £22m-a-year.

Mercedes sponsor Ineos, founded by Sir Jim Ratcliffe, will reportedly pay 90 per cent of the contract.

Earlier this week Ratcliffe formally launched a takeover attempt at Manchester United.

Hamilton is yet to pen a fresh Mercedes deal, but Merc chief Toto Wolff is relaxed about the situation.

The Brit F1 legend has been enjoying the off-season, and recently celebrated his birthday with an incredible trip to Antarctica.

And Wolff, 51, is confident it’s only a matter of time before Hamilton extends his stay with Mercedes.

He recently told Sky Sports: “As for contract discussions, we have a full year to go.

Advertisement. Scroll to continue reading.

“We are so aligned – in the last ten years our relationship has grown.”

, Lewis Hamilton ‘offered £62 MILLION per season extension to F1 Mercedes deal but huge world champion bonus removed’

He added: “It’s just a matter of him physically being back in Europe, sticking our heads together, wrestling a bit, and then leaving the room with white smoke after a few hours.”

The 2023 F1 campaign begins with pre-season testing on February 23, with the first race in Bahrain on March 5.

Hamilton will be hoping the 2023 season goes better than the last.

Persistent issues with his Mercedes car saw Hamilton finish the season without a win or pole position for the first time in his career.

Advertisement
Advertisement

Latest

Premier League

Xabi Alonso Prefers to Stay at Bayer Leverkusen Liverpool is in search of a new manager following Jurgen Klopp's departure, but reports suggest that...

Premier League

Major Rule Change The Premier League has implemented a significant rule change regarding ball boys and girls after a recent incident involving Coventry manager...

Premier League

Green Light for Ambitious Project Birmingham City FC is on the verge of finalizing a £50 million deal to acquire an abandoned motor circuit...

Premier League

Dynamic Trio of Best Pals Erling Haaland is known for his pranks, and according to Sander Berge, the close friendship between Haaland, Martin Odegaard,...

Premier League

Nuno's Reaction Nuno Espirito Santo revealed his anger and frustration after being informed about Nottingham Forest's four-point deduction for breaking financial rules, which pushed...

Premier League

Arsenal Fans Rally Behind Jailed Journalist Evan Gershkovich, an Arsenal fan and journalist, remains confined in Moscow's Lefortovo Prison on spying charges laid by...

Advertisement
Advertisement

Facebook

Advertisement
Advertisement
Advertisement
Advertisement