SEND US A TIP
0

New Contract of Lewis Hamilton Could Be Worth £120 Million

Giancarlo Perlas May 12, 2015

lewis hamilton

Lewis Hamilton may be on his way to finally sealing a new contract with his team. The Daily Mail claimed it might be what the Mercedes-AMG Petronas driver and reigning World Champion in Formula One meant when he said, “I will have some news for you in Monaco,” after last Sunday’s Spanish Grand Prix.

If the story is true, then it could signal the end of Hamilton’s excruciating contract negotiations, which he stated earlier as “A pain in the back side.” It should be noted that the champ was the one personally overseeing his contract negotiations after he ended his association with Simon Fuller’s XIX Entertainment.

Hamilton was the one personally handing the papers and laying all the terms he wanted to be included in his new deal with Mercedes, mentioned the source. He was only aided by his trusted lawyer Sue Thackeray in understanding some of the legal stuff. So, he pointed out that it was really tough for him.

The latest development would also kill speculations about his impending jump to Ferrari next season.

Based on the report, the new contract of Hamilton with Mercedes could be worth £120 million. The figures will be his overall pay for his three-year agreement with his team. In other words, that translates to £40 million a year starting in the 2016 season.

The figures would make the Briton the second highest paid driver in F1, just next to Ferrari’s Sebastian Vettel. According to Forbes, Vettel makes somewhere around £50 million in his present team.

When asked about the nature of the agreement of Hamilton and Mercedes, both parties remained mum on the matter.

About Author

Giancarlo Perlas

Giancarlo Perlas is an economist by profession with a career spanning nearly two decades. His professional journey has seen him assume vital roles in various government and private organizations, particularly in the blockchain and cryptocurrency sectors. Alongside his civic and corporate pursuits is his love for cars, particularly those made by Mercedes-Benz. In 2012, he found himself with like-minded individuals within BenzInsider. From then on, he used the platform as a way to share his passion with the automotive community. Follow his Facebook page at https://www.facebook.com/benzinsider, X (formerly Twitter) @giancarloperlas, and IG @benzinsider. View all posts by Giancarlo Perlas →

Leave a Comment

Login to your account

Can't remember your Password ?

Register for this site!