LEWIS HAMILTON EXTENDS ONE YEAR WITH MERCEDES

Lewis Hamilton’s contract expired last year and negotiations have been ongoing for some time. The 37-year-old Briton has been driving for Mercedes since 2013 and has been world champion six times so far. 

Finally, they are driving onto the finish straight … According to information from F1-Insider, Mercedes and Lewis Hamilton (36) have come to an agreement after a long wrangling. World champion Hamilton, so far without a contract in 2021, is to sign a one-year contract with an option for a second season. De facto, that would be a two-year contract if the Brit doesn’t want to hang up his helmet before at the end of 2021.

The salary is to remain the same (an estimated 40 million euros per year). Mercedes, however, is said to be making a step towards Hamilton on the financial side: According to our information he can market two advertising spaces on his helmet and overall himself.

VERSTAPPEN-CLAUSE IN HAMILTON’S CONTRACT?

There is also Insider talk of a clause stating that the Briton will have a say when it comes to future teammates. In the scene, people are already openly talking about a “Verstappen clause”. The reason: It’s an open secret that Dutch Red Bull driver Max Verstappen (23) is on Mercedes team boss Toto Wolff’s future wish list. The clause is a compliment for Max, because it shows Hamilton’s big respect for him, the Verstappen-side comments.

One thing is certain: Formula 1 protagonists will breathe a sigh of relief when the deal is announced in the next few weeks. Former team boss Eddie Jordan (72) tells F1-Insider “Lewis is the superstar of the scene. Formula 1 absolutely needs him.”

Jordan also thinks it’s right for Mercedes to make concessions: “Asking for ten percent of the team’s revenue is absurd, you can’t do that because everyone is replaceable. But for Lewis, for example, to get a share of the TV money, I think that’s perfectly justifiable. He sells Formula 1 by far the most worldwide. I also think it’s good that he has the right to market himself. For example, he lured a top sponsor like Tommy Hilfiger to Mercedes. For that, any ordinary agent would have gotten ten percent.”

lewis hamilton extends one year with mercedes lewis hamilton extends one year with mercedes

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