Lewis Hamilton contract latest as Toto Wolff conversations ‘haven’t started’

Mercedes-AMG announce Project ONE with Lewis Hamilton

Lewis Hamilton has revealed he has yet to hold talks with Mercedes team principal Toto Wolff over a contract extension – despite his current deal coming to an end in a matter of weeks. Negotiations over the salary are expected to be tough after revenues were hit hard by the coronavirus pandemic.

Hamilton wants to keep his current salary of £40million-a-year but it is thought the Silver Arrows want to cut costs.

The figure is expected to be the only sticking point as both parties are keen for the partnership to continue.

After equaling Michael Schumacher’s seven world titles this year, Hamilton will look to surpass the legendary German in 2021.

However, he has yet to speak to Wolff about renewing his current deal.

“We haven’t started a conversation,” Hamilton said.

That should not be a cause for concern as the pair plan to crack on with negotiations next week.

“Toto and I plan to do that over the coming days,” Hamilton added.

Earlier this week Wolff committed his future to the Silver Arrows by penning a three-year extension.

Hamilton is delighted his boss will be staying put amid talk he could take charge of the FIA.

“If you refer to why haven’t we got a signed contract, the reason is simple – we always prioritised about getting this Championship done and not being distracted by sometimes difficult discussions,” Hamilton explained.

“On the super, super plus side, I’m really proud and grateful to see Toto’s signing.

“He’s such an important leading figure within this team, and the success that we have achieved would not have been possible without him.

“He is such a great figurehead, and I think that the team is just better for it, to have that longevity, and it’s great to see that commitment from Mercedes.

“But the added bonus of having INEOS who came in this year and have been a part of our success this year, it’s great to see they’re going to be a part of this team and help with the stability of this team moving forward in growing to be better.

“It’s going to take a big push for us to continue to raise the bar in this organisation, because I think we’ve done such a great job over these past years.

“But I think the right people are in the right place, and it looks good. The future looks bright for this team I think.”

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