Mercedes has offered a fantastic contract for Lewis Hamilton. The contract will make Hamilton get a massive salary increase.
Hamilton’s contract with Mercedes expires in 2020. Currently, the driver from Great Britain is getting paid 44 million euros per year.
Contract extension negotiations have also been carried out. According to the news, Hamilton will get a salary increase of nearly double in the new contract.
Mercedes reportedly offered a three-year contract to Hamilton. The driver will receive a salary of 70 million euros per year.
Mercedes chief Totto Wolff himself has indicated that he has no intention of parting with Hamilton. According to him, the racer remains in the best condition even though he is 35 years old.
“From my point of view, we have had success at F1in the last seven years. In my opinion, there is no reason not to continue, “said Wolff.
“Hamilton is in the best condition and he will still continue. It makes us not have to think long about extending the contract,” he continued.
The large salary received by Hamilton is in the spotlight of a number of parties. The reason is, Mercedes has made a massive reduction in employees due to the coronavirus pandemic.