Lewis Hamilton’s current contract expires at the end of the 2023 season, but the seven-time world champion has repeatedly said he wants to stay in Formula 1 . The British driver has been with Mercedes since 2013, he achieved most of his success in the Silver Arrows squadron during the turbo-hybrid era, and team boss Toto Wolff has previously said they would sit down to agree a deal on the Winter.
French sports news agency Sportune – which specializes in sports funding for athletes – believes Hamilton has been offered a €70m-a-year contract , which would be a significant increase from his current € 70m salary. 45 million per year (approximately R$245 million ), but he chose not to accept the full amount. The proposal would have remained at 45 million, plus 25 million euros (something around R$135 million ) if the British became world champion.
According to the French article, Mercedes’ offer is for the years 2024 and 2025, which means that Hamilton would pocket 140 million euros in two years (R$770 million) and would start 40 years as a Formula 1 driver – he turned 38 in January. Most of the salary (90%) would be paid by the team’s sponsor, Ineos , who owns a third of Mercedes and this also includes donations to their foundation, Mission 44.
The publication also points out that the contract also includes a clause where it points out that Hamilton, when he retires after these two years as a driver, will be the team’s ambassador for ten years, receiving 25 million euros per season.