RUMOUR: Details on Lewis Hamilton’s new Mercedes contract

© Steve Etherington for Mercedes-Benz Grand Prix Ltd.

French outlet Sportune reports details on Lewis Hamilton’s rumoured Mercedes contract extension and a possible 10-year ambassadorial deal.

In the absence of any official news, French outlet Sportune has reported the rumoured details of Lewis Hamilton’s new Mercedes contract.

The Briton’s current deal lasts until the end of 2023, and Sportune reports he will be signing a two-year extension, which will guarantee that Lewis will remain on the grid at least until the end of 2025.

The report states that Lewis has been offered a salary of £62 million a year, which is a raise from his current £40 million a year deal.

However, according to this report, he would not be getting a championship winning bonus of £22 million, which he has written into his current contract.

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90% of Lewis’ salary would reportedly be paid by Mercedes F1’s one-third owner INEOS, and it would include funds to finance his charity Mission 44.

Interestingly, Sportune also reports that Lewis is looking for a 10-year ambassadorial role with Mercedes, after his career is over, with a salary of around £25 million per year.

For now these are all just unsubstantiated rumours which are being reported across the F1 media, however Mercedes team boss Toto Wolff has recently stated that Lewis’ new deal is just a formality.

It would also be great to see Lewis in a Mercedes role after his on-track career is over.

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