Formula 1 world champion Lewis Hamilton is set to sign the biggest contract in British sporting history to extend his stay at the Mercedes Formula 1 team after beating Sebastian Vettel to the 2017 world title.
Hamilton’s contract expires at the end of this season, however extending his stay at the team has been on the cards for a long time, and fine details has been delaying an announcement since late last year when contract negotiations begun.
F1 Hub understands that Lewis Hamilton is on course to sign a £120 Million deal for the next three years, which will see him earn £40 Million a year for the first two years, with an option for the third year as well.
If successful, the new deal will put Lewis Hamilton on level with Sebastian Vettel’s deal, which he signed prior to last years Belgian Grand Prix, of £120 Million.
The Sun reports Mercedes Formula 1 team boss Toto Wolff is keen on sealing the deal before the first race of the Formula 1 2018 season in Melbourne, which takes place this Sunday.
“I still love racing, I still love the challenge of every year getting myself in shape.” Hamilton is quoted on The Sun.
“But I always have this question of if I can still drive before I get to the first test — can I still do it? Do I still have it? I love that unknown.
“People say ‘it’s never gonna go’ but maybe one year you don’t feel good in the car — so I’m always excited by that.
“At the end of the season of course I am wondering to myself ‘do I want to keep racing?’ I have to ask myself that, for sure.”
2018 Title Bid
Lewis Hamilton remains favorite for a fifth Formula 1 world title this season after Mercedes were tipped to have the best car during F1’s pre-season test in Barcelona, however the Brit is set for fierce rivalry with Red Bull’s Max Verstappen and Ferrari’s Sebastian Vettel.