HAMILTON NEW THREE-YEAR DEAL – WORTH £120MILLION – WITH MERCEDES

Lewis Hamilton on verge of signing new £120m, three-year deal with Mercedes after breakthrough in talks as six-time world champion aims to match Michael Schumacher’s record of 91 victories.

Lewis Hamilton is close to signing a new three-year deal – worth up to £40million ($50m) a season – to continue his history-breaking association with Mercedes according to the Daily Mail.

Ross Brawn, who took Hamilton to Mercedes and is now F1’s managing director, said: ‘By all accounts Mercedes are looking at another agreement with him for three more years.’

A number of sources have indicated that it is only a matter of time before the deal is announced.

Hamilton has made no secret of wanting to stay with the team that have powered him to five titles in six years, though his initial pay demands were baulked at by the Daimler board in Stuttgart. A way through the impasse is now believed to have been found.

Hamilton’s momentum contract lapses toward the finish of the 2020. The German marque is once again expected to be a genuine title contender this year with Hamilton’s priority of a seventh drivers’ crown.

HAMILTON NEW THREE-YEAR DEAL – WORTH £120MILLION – WITH MERCEDES

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