Hamilton in new Mercedes deal

Lewis Hamilton ended months of speculation about his future yesterday by signing a new two-year deal keeping him at his Mercedes team until the end of 2020.

Four-time Formula One world champion Lewis Hamilton ended months of speculation about his future yesterday by signing a new two-year deal keeping him at his Mercedes team until the end of 2020.

The 33-year-old Briton would have been out of contract at the end of this season and the negotiations have been a major talking point in the paddock.

No financial details were given in a Mercedes statement but British media reports have suggested the new deal could be worth up to 40 million pounds (US$52 million) a year and was likely to make Hamilton the sport’s top earner.

Yesterday’s announcement is now likely to trigger other driver decisions, with Australian Daniel Ricciardo set to remain with Red Bull but waiting for Mercedes to set out its plans.

Hamilton’s current teammate Valtteri Bottas is also out of contract at the end of the year and there was no mention of the Finn in yesterday’s statement.

“This contract extension has basically been a formality since (team chief) Toto (Wolff) and I sat down during the winter, so it’s good to put pen to paper, announce it and then get on with business as usual,” Hamilton said ahead of Sunday’s German Grand Prix.

“I have been part of the Mercedes racing family for 20 years and I have never been happier inside a team than I am right now,” he added.

While Hamilton had been expected to stay with the team that has won both the drivers’ and constructors’ titles for the past four years, there had still been some lingering doubts about his commitment to the sport. Former teammate Nico Rosberg stunned the team in 2016 when he won the title and then announced his retirement only days later.

Hamilton has won 65 races — 44 with Mercedes— and secured 124 career podiums. He is the F1 record holder with 76 pole positions. His number of wins is second only to seven-time F1 champion Michael Schumacher’s tally of 91.

Hamilton, who won his first title with McLaren, enjoys a celebrity lifestyle with plenty of interests — mainly in music and fashion — outside of F1 and there have been questions about how long he will race on for. The Briton said yesterday that he was still hungry for success.

“The competitive passion that burns bright inside me is shared by every single member of this group,” he said. “I can’t wait to see what we can achieve together in the next two-and-a-half seasons.”

The Briton is currently eight points adrift of Ferrari’s Sebastian Vettel, also a four-time world champion, at the halfway point in the season. Vettel has won four races this year to his rival’s three.

Wolff recognized there had been plenty of speculation in recent months and was happy to put it to bed. “It’s good to put all of that to rest and get this thing announced,” he said. “We signed the final documents this week and didn’t want to keep people waiting any longer.”

Hamilton is vying with Vettel to become only the third F1 driver to win five titles. The other is Juan Manuel Fangio.

Hamilton’s new contract goes to the end of the Concorde Agreement, with a new set of rules and regulations in F1 set for 2021 onward.

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