Formula 1

SALARY: HAMILTON DEMANDS 120 MILLION EUROS FROM MERCEDES

Published

3 years ago

27/01/2020

A demand for a major pay raise on the part of Lewis Hamilton would hamper the contract settlements with the Mercedes F1 team.

Salary: Hamilton demands 120 million euros from mercedes. After the renewal of Max Verstappen and Charles Leclerc’s contracts with Red Bull and Ferrari, the chances of Hamilton changing teams in 2021 appear slimmer. This would certainly mean that he’ll be staying with Mercedes.

It is told that a two-year contract extension has been signed this year, and Hamilton would be receiving 90 million euros, hence 45 million euros per season. However, Hamilton would love gain more.

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According to the Italian newspaper “Il Corriere dello Sport”, Hamilton has asked for 60 million euros per season, or 120 million euros for the two additional seasons with Mercedes F1. Hamilton would even like to become the leader for his team at the end of his career as an F1 driver.

If Mercedes invests more, they can really team up with Lewis Hamilton for the long term. Despite the fact that he has a very high net worth, this will probably not happen.

Ola Kallenius, the new CEO of the Daimler group, has set the goal of saving $1 billion by 2022. The wage requirements of Lewis Hamilton are for this reason in contradiction with this goal.

Therefore it’s necessary for Mercedes to think very carefully about the possibility of considering a salary above 45 million euros per season.

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