Six-time world champion tries to stop drastic salary cut

31-10-2020 08:49 | Updated: 31-10-2020 11:13
by GPblog.com
F1 News
Six-time world champion tries to stop drastic salary cut

Lewis Hamilton is still in the middle of negotiating his contract with Mercedes. The six-time world champion wants to enter 2021 with a higher salary, but a plan by the F1 organisation to better regulate drivers' salaries is going to cost the Brit a lot.

Hamilton's salary drastically reduced

Hamilton currently earns some £35 million as a salary from Mercedes. It is not surprising that Hamilton is the highest-earning driver on the grid. The Mercedes driver is heading for a seventh world title.

While Hamilton is still negotiating his salary increase, F1 have decided to do something about the drivers' salaries and distribute it better. His own team boss, Toto Wolff, is also in favour of the idea, causing Hamilton to be worried about his income.

Hamilton calls for help from drivers' union

Under the new regulation, teams will have to make do with £22 million for their own drivers. This amount must be divided between the two drivers. If this plan goes ahead, Hamilton will, of course, be the hardest hit.

That is why the Brit is not going to give up and go to the trade union. With the help of the 'drivers trade union', the Brit hopes to be able to appeal against the decision and secure his income, reports DailyMail.com.

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