Lewis Hamilton’s new contract extension at crossroads as Mercedes rejects his $200 million demand
The only thing delaying Lewis Hamilton’s contract extension is his demands for a long-term brand deal.
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Lewis Hamilton (Credits: Planet F1) and Toto Wolff (Credits: The Sportsrush)
Lewis Hamilton and the Toto Wolff–led Mercedes Formula 1 team have been at it as far as the former’s new deal with the team is concerned. Hamilton’s current deal expires at the end of the ongoing campaign, and both parties have been indulged in rigorous negotiations for several months.
Toto Wolff, ahead of the Canadian GP, revealed that the new deal could be signed in a matter of days. However, it seems the deal will take longer than expected. As per the latest, it is believed that Lewis Hamilton and Co. have put forward a 200 million, 10-year Brand Ambassador role offer alongside a new racing deal for the Brit.
However, the Brackley-based team is not willing to accept what the 38-year-old’s entourage has put forward on the table. Mercedes is ready to offer a 1-year Formula 1 deal to Hamilton with an option of extending for another year. This is where things are now, and none of the parties are ready to bow down.
Mercedes is looking at the long-term picture and is keeping its interests on the top, whereas Hamilton and Co. want a deal that would benefit them the most. While everything is at a crossroads, Lewis Hamilton is believed to be under increased pressure to sign a new deal with the former 8-time Constructors Champions.
Lewis Hamilton’s got a big job on his hands during the 2023 F1 season
While Lewis Hamilton’s future at the pinnacle of motor racing is in limbo at the moment, he has got a tough challenge on his hands during the ongoing Formula 1 season. The W14 has shown massive improvement in recent races. Because of this, Hamilton is in a battle with Fernando Alonso and Sergio Perez for the number two position in the 2023 Drivers Championship.
As things stand, the former 7-time World Champion has managed 102 points in the Championship and is currently in the fourth position behind Fernando Alonso and Perez. The Spaniard is in third with 117 points to his name, whereas Red Bull’s Mexican starlet has managed to put 126 points on the board.
The battle for the second position in the Championship is immensely tight, and if Hamilton is to have a say in it until the very end, then he would have to focus solely on the task at hand. Considering everything, It would be in the Brit’s best interest to get his new F1 deal agreed upon as soon as possible.
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Rishabh Negi
(3244 Articles Published)