Hamilton in 'final stages' of contract negotiations

As he touched down in Australia to begin his title defence, Lewis Hamilton admitted he is close to agreeing a deal to stay at Mercedes beyond 2015. It is bad news for his rivals, as the Briton apparently hit back at rumours that while his new Mercedes is fast, it may be difficult to set up and drive.

But Hamilton told British newspapers that his pre-season has actually been "pretty awesome. Throughout, it's felt really good". Also good, he says, are negotiations he has conducted without the assistance of a personal manager over a new contract for 2016 and beyond.

He said reports he is demanding a staggering $1.5 million per week are "rubbish", but hinted that his new deal might make him clearly the best paid driver in F1. "It's not about status and being the best paid because you're world champion," said the 30-year-old. "It's just a natural thing. It's gradual progressions along with the team. As the team progress, I want to as well. My target, like every driver is to work towards being the best," Hamilton added.

The talks have, however, been protracted and repeatedly delayed, but Hamilton suggests the end may now be near. "Hopefully we're in the final stages," he said. "I don't really know what the timeline is but we're very much in the last stages of it." (GMM)

Replies (2)

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  • dr002

    Posts: 141

    Clearly, at present, Mercedes are king makers.

    Therefore, if, as Lewis says, “It's not about status and being the best paid because you're world champion”, then with the greatest of respect to Lewis, if there are better drivers in the field than Lewis, why should he be the highest paid………

    • + 0
    • Mar 10 2015 - 01:34
  • I'd be surprised if his compensation matches Alonso's, whose timing was better. With Mercedes extending the producer's advantage that it earned last year, theirs is a buyer's market even in the pool of top drivers, like Hamilton, who are looking for F1 fame and dying to win.

    • + 0
    • Mar 10 2015 - 02:57

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