Revealed: Lewis Hamilton’s massive pay rise - and the terms Mercedes didn’t grant
But Mercedes did also reportedly choose not to grant one request froไm Hamilton over his fresh deal.
Mercedes confirm🍌ed that Hamilton and his teammate George Russell both penned new deals to remain with the team until the end of 2025.
It ends the 🐈major saga over Hamilton’s future - and financially rewards the seven-time𝄹 F1 champion.
He w🐼ill receive an annual pay rise of £10m, the re💃ports.
Hamilton’s total salary is now £50m per year, putting him level with Max Verstappen as F1’s two highest-paid drivers, the same report and state🐼.
It also claims that Hamilton began negotiations by askin𝔉g for a𓆉 five-year deal.
“That wish has not been granted,” the ne𝓡wspaper’s report reads.
Instead Hamilton, now 38, has a two-year deal.
Ferrari’s eaꦏrly interest in recruiting Hamilton was not followed through, the Mail report.
T𒁏hey also report that Russell’s deal - announced at the same time as Hamilton’s - was actually agreed weeks ago but kept a secret until now.
The delay in confirmin✤g🔴 Hamilton’s new contract, after months of both the driver and Toto Wolff insisting an agreement was inevitably, was reportedly due to “Hamilton’s reluctance to commit”.
The F1 Italian Grand Prix this weekend gives Hamilton his next chance to challenge the dominanc♛e of Max Verstappen and Red🤡 Bull.
James was a sports journalist at Sky Spo🔯rts for a decade covering everything from American sports, to football, to F1.
