Hamilton signs for three years with a salary increase

Lewis Hamilton's contract for the coming years is still not complete. Negotiations seem to depend on what his current team boss, Toto Wolff, is going to do and the amount of money involved. The latest rumour is that there is a three-year deal for GBP £120 million.

Nothing is certain yet about Lewis Hamilton's contract with Mercedes. But the Brit who will be able to take his seventh world title this year and be in a shared first place in the world, according to DailyMail, will be signing for three years.

DailyMail also reports that the Brit will make £40 million a year. That is four million pounds more than he earnt in his previous contract per year. The fact that this is a rumour is an important point. Only last week news came out of drastic salary cuts for F1 drivers.

The Mercedes driver will therefore remain associated with the brand at least until 2024 with this possible contract. In principle, the golden Mercedes-Hamilton duo can go for another three titles in both the constructors' championship and the drivers' championship.

In any case, there is still enough time and space for the Brit to become the best in the world. With an eighth world title, he will exceed Michael Schumacher's record. So for the next three attempts at this record, he is reportedly going to get EUR 133 million.