Mercedes team boss Toto Wolff insists that he has not yet entered negotiations with Lewis Hamilton over a contract renewal.
Lewis Hamilton negotiations only starting in this week. Hamilton’s current deal with the Silver Arrows expires at the end of the 2020 season, leading to rumours that he could be set for a change to Ferrari.
The six-time world champion recently took to social media to state that both himself and Mercedes “have not even spoken about a contract yet. Nothing is being negotiated currently.”
Wolff backed up Hamilton’s comment, asserting that they agreed to only talk about a future deal once the season gets back underway.
“The last time we met was at the Christmas party,” Wolff told Auto Motor und Sport. “We chatted a bit about the future but since then we have only talked on Whatsapp. When you are so busy for ten months, it is important to take a break.
“That’s why we decided to leave ourselves alone in December and January. When it all starts again in February, we will sit down and discuss it.”
‘Hamilton’s stay at Mercedes a question of financials’
It has been suggested that Hamilton is seeking to sign a financially record-breaking deal at Mercedes, with early rumours suggesting a two-year contract valued at $50m per year.
Red Bull team principal Christian Horner spoke out about the difficulty of signing large figure deals due to the strained load the auto industry is under at the moment.
In November of 2019, Daimler, who owns Mercedes-Benz, announced that it would be cutting at least 10,000 jobs worldwide.
“The logical conclusion would be that Lewis will remain with Mercedes if they can agree terms,” Horner said.
“Mercedes will be keen to keep him but it is a question of the financials. The automotive sector is under pressure at the moment and when redundancies are being made, it is difficult to justify record-breaking salaries.”
However, should Mercedes find itself in the situation of losing Hamilton, Wolff says that his team will be prepared to fit a worthy replacement.
“A driver at his level always has options,” Wolff said. “The same goes for us. As long as we build a fast car, we will always be in a situation where we can choose our drivers.
YOU WILL LIKE
LEWIS HAMILTON NEGOTIATIONS ONLY STARTING IN THIS WEEK -lewis hamilton 2021
First details of F1 2023 cars Ferrari and Red Bull’s RB19!
Ferrari’s 2023 F1 car may be faster by “at least one second”
Hamilton’s income for 2022 has been revealed
Ferrari outperforms Red Bull and Mercedes, an additional 30 horsepower
Details of Lewis Hamilton’s new contract with Mercedes
F1 driver salaries
Russell explains his edge over Hamilton in 2022
Wehrlein secures consecutive wins, leads Formula E 2023
Petter and Oliver Solberg won Race of Champions Nations’ Cup
Forbes: Liberty Media named most valuable sports empire for 2023
F1 2023 – A mental battle is expected between Gasly and Ocon
Ford evaluating 2026 F1 entry, says Ford Performance Director
Formula Regional – Race starts with big crash
F1 – Alonso impressed by Aston Martin’s motivation
New season of Drive to Survive
F1 Manager 2022 reveal trailer
VIDEO – Lewis Hamilton receives his knighthood
HIGHLIGHTS EPRIX 1 – DE VRIES WINS WET VALENCIA
|F1 PRE-SEASON TESTING 2023|
|Date||Morning Session||Afternoon Session|
|Day 1||23rd February||8:00am – 12:00pm||1:00pm – 5:00pm|
|Day 2||24th February||8:00am – 12:00pm||1:00pm – 5:00pm|
|Day 3||25th February||8:00am – 12:00pm||1:00pm – 5:00pm|
|2023 F1 Car Launches|
|Red Bull||RB19||03 February|
|Alfa Romeo||C43||07 February|
|Aston Martin||AMR23||13 February|
|Bahrain 2023||05 Mar|
|14:30 - 15:30||Free practice 1|
|18:00 - 19:00||Free practice 2|
|15:00 - 16:00||Free practice 3|
|18:00 - 19:00||Qualifying|
|18:00 - 20:00||Race|
|Bahrain||57 laps||308.238 km|
|2023 F1 Calendar|
|3||Australian||Albert P||2nd Apr.|
|4||Azerbaijan||Baku City||30th Apr.|
|5||Miami||Baku City||7th May|
|Drivers Standings 2023|