Seven-time world champion Sir Lewis Hamilton has revealed heโs closing in on a Mercedes contract extension, shutting down the viral rumours rival team Scuderia Ferrari were set to make him a ยฃ40 million offer in the process.
โMy team are having discussions with the team [Mercedes] in the background and weโre almost there,โ Hamilton told Sky Sports F1โs David Croft.
โNaturally when youโre in contract negotiations thereโs always going to be speculation. Ultimately, unless you hear it from me, thatโs all it is.โ
In previous years, Hamilton has handled negotiations with Team Principal & CEO Toto Wolff by himself, but has now opted to delegate the responsibility to his management team.
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He added: โHaving a team focus on that so I can just do my job is a much better position than I was in before because I remember I used to do negotiations on my own and it was very stressful, so I donโt have to do that anymore.โ
โThis is the first time that Iโve not been negotiating myself. I have a great team in the background doing all the work so I can focus on the job at hand.
โI say what I want and thatโs what weโre working towards. Hopefully in the coming weeks [there will be an announcement].โ
โIโm not looking to be tempted into anything else.โ
Sir Lewis Hamilton is, of course, approaching the tail end of his current two-year / $147 million (AUD) Mercedes contract, which was inked back in mid-2021 amidst a similar level of speculation.
On that occasion, conversations surrounding an imminent retirement had been sparked, with fuel added to the fire when negotiations stalled for undisclosed reasons that summer break.
โIt is hard to believe itโs been nearly nine years working with this incredible team and Iโm excited weโre going to continue our partnership for two more years,โ Hamilton announced after the extensionโs confirmation.
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โWeโve accomplished so much together, but we still have a lot to achieve โ both on and off the track. Iโm incredibly proud and grateful of how Mercedes has supported me in my drive to improve diversity and equality in our sport.โ
โWeโre entering a new era of car which will be challenging and exciting and I canโt wait to see what else we can achieve together.โ
Keep an eye out below for the financial details of the Lewis Hamilton Mercedes contract.
Lewis Hamilton Mercedes Contract (2024-?)
Name: Sir Lewis Hamilton
Age: 36
Team: Mercedes AMG Petronas F1 Team
Teammate: George Russell
Team Principal: Toto Wolff
Contract Length: ?
Salary: ?
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Lewis Hamilton Career Earnings
NOTE: All $$$ = USD
| Year | Team | Salary |
| 2007 | McLaren | $4,000,000 |
| 2008 | McLaren | $5,000,000 |
| 2009 | McLaren | $18,000,000 |
| 2010 | McLaren | $21,280,000 |
| 2011 | McLaren | $13,900,000 |
| 2012 | McLaren | $20,480,000 |
| 2013 | Mercedes | $27,500,000 |
| 2014 | Mercedes | [Unknown] |
| 2015 | Mercedes | $28,000,000 |
| 2016 | Mercedes | $31,000,000 |
| 2017 | Mercedes | $31,000,000 |
| 2018 | Mercedes | $42,000,000 |
| 2019 | Mercedes | $57,000,000 |
| 2020 | Mercedes | $76,000,000 |
| 2021 | Mercedes | $62,000,000 |
| 2022 | Mercedes | $40,000,000 |
| 2023 | Mercedes | $35,000,000 |
| Total (17 Seasons) | $512,160,000 |
