Lewis Hamilton wants £350m Mercedes deal ‘until he’s 50’

Lewis Hamilton on difficult season for Mercedes in November

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Lewis Hamilton is chasing a mega-money Mercedes deal that will maintain his association with the team until the age of 50, according to reports. The Brit supposedly wants a lengthy ambassadorial role following his retirement from F1, which may still be some way away based on current indications. 

Hamilton, who sits alongside the legendary Michael Schumacher with seven world titles, has plenty of incentive to press on in the sport and separate himself from the pack at the top of the all-time list. He almost did so in 2021 before losing a nail-biting season finale to Max Verstappen, who continued his success with another triumph last year. 

Mercedes team principal Toto Wolff has not shied away from the notion that Hamilton wants to extend his stay with Mercedes, despite having recently turned 38. The terms of a prospective deal could give the F1 veteran a lucrative send-off, with reports indicating a total outlay of £350million is being pursued. 

According to Sportune, Hamilton’s camp are keen to secure a two-year deal worth £125m to continue as a Mercedes driver, followed by a further decade in an ambassadorial role with the Silver Arrows, worth a total of around £222m. 

Hamilton endured a frustrating 2022 campaign, finishing sixth in the standings, two places behind new team-mate George Russell. Mercedes generally struggled to adapt to a season of new design regulations with Red Bull and Verstappen romping to convincing victories on both the team and individual fronts. 

The Silver Arrows will hope that their car for the forthcoming season, the W14, will be a significant improvement on what they put together last year, which lacked in pace compared to competitors and put their driving duo through significant discomfort due to porpoising. 

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