Lewis Hamilton Contract: Mercedes ace set to endure massive pay cut in new deal

Get to know about all the latest developments from the world of Formula 1 upon Lewis Hamilton Contract and Salary

Lewis Hamilton Contract
Lewis Hamilton

The seven Time World Champion, Lewis Hamilton is set to incur a loss of £10 Million dollars as compared to his current salary in his new contract deal. According to the sun, those who are not aware Hamilton’s current contract with Mercedes, which he signed just 10 months back, expires this year, but it has been claimed that he is close to signing a new deal that could see him earn £30m a year, £10m less than what he reportedly earns at present. 

Since that move, which was deemed a risk at the time, he has gone on to win four successive championships and still has a chance of claiming a fifth in a row this time around. 

Lewis Hamilton Contract: What Did Toto Wolff Say? 

Toto Wolff on Lewis Hamilton 1 - FirstSportz
Toto Wolff and Lewis Hamilton

As quoted by The Sun, the Austrian said, “We have such a close relationship and we talk to each other again and again when traveling or off the racetrack. Of course, also about what an agreement could look like for the years to come. 

“If I were to say that the contract has already been signed, that would not be correct. But we are beyond the status of exploratory talks. Now it’s the hot phase. I think we are way closer to an agreement than a separation. Because we also agreed that it is better not to negotiate until February, as was the case this year.” 

Lewis Hamilton is aiming for his eighth F1 World Championship and fifth in a row. He won the Emilia Romagna Grand Prix and the Spanish Grand Prix and is currently second in the standings with 138 points, 18 behind Red Bull’s ace Dutchman. 

Lewis Hamilton
Lewis Hamilton

As things stand, it is the seven time World Champion who will be the most eager to improve upon his form in the coming race weekend. But let’s see how the Grand Prix action pans out.

Also Read: This Is the Most Dominant Win We Have Had This Year:…

Also Read: Formula 1 News: Max Verstappen warned for celebratory burnouts by F1