Lewis Hamilton Offered a Reported 120 Million Over 2 years

January 17, 2023Speed Trap Magazine
Featured ArticleFormula 1

Lewis Hamilton is arguably one of the most popular and influential motorsport icons in history. The seven time world champion remains competitive in the field and many are asking if he still has unfinished business after falling short of the world title the last two years to Max Verstappen of Red Bull F1 Racing team. It is no surprise however that his accomplishments continue to command large salaries. Hamilton’s contract with Mercedes AMG Petronas F1 team expires in Dec 2023 leaving the task to secure a seat after the 2023 season paramount if Hamilton wishes to extend his legacy to an 8th world championship. Hamilton and Mercedes Petronas have reportedly both expressed interest in retaining their current relationship however contract structure and pay appear to be a looming hurdle for the team and Hamilton to sort out.

It is rumored that Hamilton has been offered a £120 million salary over two years that would extend his presence as a racer in F1 until 2025. This contract would also include 25 million per year in salary for an ambassador role for a 10 year engagement. The deal sounds lucrative for the 7 time world champion and with the start of the 2023 season, Hamilton will want to get this contract signed as soon as possible to secure his seat and chance at extending his legacy. We will keep you updated on the developments surrounding the final contract.

In the interim keep your eye out for the Netflix series Drive to Survive set for release February 24, 2023. You can read more about here.