Jul 20, 2018
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Lewis Hamilton: Mercedes driver agrees £40m-a-year deal till 2020

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Lewis Hamilton: Mercedes driver agrees £40m-a-year deal till 2020

World champion Lewis Hamilton will race for Mercedes in System 1 for a minimum of an additional two seasons.

The 33-year-old Briton has signed a brand new contract with the German producer that lasts till the top of 2020.

BBC Sport understands Hamilton will earn a minimum of £30m a yr, rising to a most of £40m, relying on bonuses.

Hamilton stated a brand new contract had been “a formality” since he sat down with Mercedes F1 boss Toto Wolff to start discussions final winter.

He stated: “It is good to place pen to paper, announce it after which get on with enterprise as ordinary.

“I’ve been a part of the Mercedes racing household for 20 years and I’ve by no means been happier inside a crew than I’m proper now.

“We’re on the identical wavelength each on and off monitor – and I’m wanting ahead to successful extra sooner or later and shining much more gentle on the three-pointed star. I am very assured that Mercedes is the suitable place to be over the approaching years.”

Mercedes have dominated F1 because the introduction of turbo hybrid engines in 2014, successful 4 consecutive drivers’ and constructors’ championship doubles.

Hamilton has received three of these titles, with the fourth going to former team-mate Nico Rosberg, who retired after turning into champion in 2016.

Hamilton’s first world title got here with McLaren, utilizing Mercedes engines, in 2008.

He’s eight factors behind Ferrari’s Sebastian Vettel on this yr’s championship earlier than this weekend’s German Grand Prix, which marks the midway level of the season.

Hamilton added: