Hamilton signs new deal with Mercedes

by

July 20, 2018
Hamilton

LONDON (CMC):

Four-time Formula One world champion driver Lewis Hamilton has signed a contract that will see him continue to race for Mercedes for at least two more seasons.

Hamilton, whose paternal grandparents hail from Grenada and who was honoured by that Caribbean island during its 2008 Independence celebrations, signed a new contract that will last until the end of 2020.

The 33-year-old Briton will earn at least PS30m a year, rising to a maximum of PS40m, depending on bonuses.

Hamilton said a new contract had been "a formality" since he sat down with Mercedes F1 boss Toto Wolff to begin discussions last winter.

"It's good to put pen to paper, announce it and then get on with business as usual. I have been part of the Mercedes racing family for 20 years and I have never been happier inside a team than I am right now." Hamilton said.

Mercedes have dominated F1 since the introduction of turbo hybrid engines in 2014, winning four consecutive drivers' and constructors' championship doubles.

Hamilton has won three of those titles, with the fourth going to former teammate Nico Rosberg, who retired after becoming champion in 2016.

Wolff said he was delighted to have Hamilton, F1's first black driver, extend his time with Mercedes.

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