Ferrari Offer Lewis Hamilton £40 Million to Join in 2024

May 23, 2023Ramon Jones
Formula 1

As reported by Daily Mail UK, Ferrari are poised to offer Lewis Hamilton (Mercedes AMG Petronas F1) a £40 million contract to join the Scuderia in 2024. Hamilton’s contract with Mercedes is set to expire at the end of 2023. Hamilton and the Mercedes side have been in talks over a contract for months with nothing inked to date. Ferrari could retain Charles Leclerc and end its relationship with Carlos Sainz or Swap Charles Leclerc for Hamilton to retains Sainz. Regardless either scenario has created a frenzy in the media.

It’s clear that money is not an issue for Hamilton. Any offer he accepts will be financially lucrative. At this point in his career a new contract is more about extending his legacy and finding a car that can carry him to another world championship. Mercedes have indicated they are bringing a number of upgrades to Monaco this weekend. It’s possible that Hamilton wants to see the performance of the car. As it stands currently before making any major decisions. With the months ticking by he will have to make a decision sooner rather than later.

Ferrari have hinted that the rumors on such a move are not accurate. There are reports that Ferrari is looking to sign Charles Leclerc to a contract extension. Both Carlos Sainz and Charles Leclerc are contracted with Ferrari through the 2024 season. It’s not looking like a Ferrari move is likely come the end of the 2023 season. There would need to be a contract buyout which would negatively impact the cost cap for Ferrari. We will report back as this story continues to develop.