Lewis Hamilton closing in on new two-year deal with Mercedes worth around £60m… and he could commit his future to the team within the next THREE races in what could be his final Formula One contract
- Lewis Hamilton has been in negotiations with Mercedes over a new contract
- The two parties are hoping to agree a deal before the Hungarian Grand Prix
- Hamilton is closing in on a two-year deal though to be worth £30m annually
- The Briton has been with the Mercedes team since 2013, winning six titles since
- Mercedes will decide on his team-mate after the 36-year-old pens new deal
Lewis Hamilton is closing in on a new Mercedes contract that will extend his record-breaking stay with the team into next season at least.
Sources close to the negotiations told Sportsmail that the agreement looks imminent, with an announcement expected before the summer break in August.
That was the timeframe both parties set themselves for what may well be Hamilton’s final hurrah in Formula One.
Lewis Hamilton is set to sign a new two-year deal with Mercedes before the F1 summer break
The Briton turns 37 in January but is showing no signs of deterioration as he battles Max Verstappen, the 23-year-old Red Bull star who holds a 18-point lead heading into this weekend’s second successive race here in Austria.
Although Hamilton is still finalising the proposed new contract with team principal Toto Wolff, it is likely to be a two-year deal worth about £30million annually. A source said: ‘It is all moving along well and looks as if it will be sorted before the summer break.’
Hamilton’s current one-year deal was concluded only weeks before the season started and raised doubts over how much longer he and Mercedes would stay together. Relations have since warmed up.
Lewis Hamilton is looking to extend his stay at Mercedes where he has been since 2013
Hamilton is still finalising the proposed new contract with team principal Toto Wolff (right)
Once Hamilton’s future is secured, Mercedes will decide whether to replace current No 2 Valtteri Bottas with George Russell, the 23-year-old Englishman who is impressing in a substandard Williams.
‘Lewis’ situation needs to be resolved before a decision is taken on that one,’ added a source.
Hamilton joined the Northamptonshire-based team in 2013 and has won six of his seven world titles in their cars – a partnership unparalleled in the sport’s history.
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