HomeSportLewis Hamilton finally signs new Mercedes contract to become joint-highest paid driver...

Lewis Hamilton finally signs new Mercedes contract to become joint-highest paid driver in Formula 1

Lewis Hamilton has finally signed his new contract with Mercedes, ending months of speculation over his future.

Seven-time world champion Hamilton will continue racing for the Silver Arrows in 2024 and 2025.


Hamilton is sticking with MercedesCredit: Getty

It has been reported that he will earn him around £50million-a-year, which will put him on par with rival Max Verstappen.

“We dream every day of being the best and we have dedicated the past decade together to achieving that goal,” said Hamilton, who started his career back in 2007.

“Being at the top does not happen overnight or over a short period of time, it takes commitment, hard work and dedication and it’s been an honour to earn our way into the history books with this incredible team.

“We have never been hungrier to win. We have learnt from every success but also every setback. We continue to chase our dreams, we continue to fight no matter the challenge and we will win again.

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“I’m grateful to the team who have supported me both on and off the track. Our story isn’t finished, we are determined to achieve more together and we won’t stop until we do.”

Hamilton has won a record 103 races and stands on seven world titles but he has not tasted victory since he controversially missed out on an eighth world crown with defeat to Max Verstappen in Abu Dhabi in 2021.

He will be well beyond his 40th birthday by the time his new contract at Mercedes expires.

That eighth world title looks unlikely to come in the 2023 season as he is an eye-watering 183 points behind Verstappen.

Hamilton will be well into his 40s by the time his contract expires


Hamilton will be well into his 40s by the time his contract expiresCredit: Getty

Mercedes team principal Toto Wolff said: “Our partnership with Lewis is one of the most successful in the sport’s history. It was always a formality that we would continue together – and it’s energising for us all to be confirming that publicly.

“His qualities as a pure racing driver are illustrated by his remarkable track record, but over our years together, he has grown to become a pillar and leader of our team. Those leadership qualities are crucial as we focus on fighting for world championships again.

“As F1’s biggest global star, he has also played a key role in shaping our commitments to diversity, inclusion and sustainability, that will be foundations for our success in the years ahead.”




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