Lewis Hamilton New Mercedes Contract Particulars: 25% Paycut Reported in Recent F1 Deal

The excitement surrounding Lewis Hamilton and his championship-winning F1 staff, Mercedes, has lastly come to an finish, with the previous saying his contract extension with the Brackley outfit.

The 7-time world champion will proceed his journey with Mercedes till the tip of the 2023 season, which can tally the duo’s partnership to 11 years.

How a lot are Mercedes paying Lewis Hamilton?

After all, the pandemic meant that many of the F1 groups took a hefty blow when it comes to finance, with drivers struggling a lack of pay. However, Hamilton continued to obtain the king’s welcome; his earlier contract was a £40M bundle.

Nonetheless, this time, the numbers have degraded a bit, in line with The Solar. Contemplating the continuing developments forward of the 2022 season, Mercedes have opted to drag again the numbers on their current contract supply to the Briton.

System One F1 – Spanish Grand Prix – Circuit de Barcelona-Catalunya, Barcelona, Spain – Might 9, 2021 Mercedes’ Lewis Hamilton crosses the road to win the race REUTERS/Albert Gea

Not like the earlier time, Hamilton’s present contract is price £30M a yr, with the 2-year bundle rounding off round £60M.

Mercedes are needing Hamilton’s providers probably the most this season, with Crimson Bull rising as much as be an enormous risk to the reigning world champions.

What’s extra, whereas many of the grid have been trying ahead to Hamilton securing his record-breaking eighth title, he’s discovered Max Verstappen in the way in which, who’s eager on clinching his first F1 title.

What did Hamilton react?

The 7-time world champion is undeniably happy together with his contract extension with Mercedes, reckoning there are extra success to return from the Brackley outfit.

It’s laborious to consider it’s been almost 9 years working with this unimaginable staff and I’m excited we’re going to proceed our partnership for 2 extra years,” he mentioned.  ”

We’ve achieved a lot collectively however we nonetheless have quite a bit to attain, each on and off the observe. I’m extremely proud and grateful of how Mercedes has supported me in my drive to enhance range and equality in our sport.

System One F1 – Steiermark Grand Prix – Crimson Bull Ring, Spielberg, Styria, Austria – June 27, 2021 Mercedes’ Lewis Hamilton after ending second REUTERS/Darko Vojinovic

They’ve held themselves accountable and made essential strides in making a extra various staff and inclusive atmosphere.”

Total, Hamilton followers can lastly heave a sigh of aid, with Mercedes placing an finish to rumors pointing to the previous’s retirement from F1 past 2021. What’s extra, it definitely seems to be like an all British Hamilton-Russell line-up is on playing cards. So, can we now anticipate an announcement quickly concerning the Williams driver?

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