Lewis Hamilton is ‘close to signing his final Mercedes deal,’ according to reports, as pay and other details surface.

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Lewis Hamilton is ‘close to signing his final Mercedes deal,’ according to reports, as pay and other details surface.

Lewis Hamilton is likely to sign a lucrative contract extension with Mercedes.

Mercedes and Lewis Hamilton are reportedly close to reaching an agreement on terms for the Formula One legend’s contract renewal. Before the season’s summer break in August, the 36-year-old is anticipated to sign the contract.

According to the Daily Mail, the new pact is expected to be a two-year deal worth roughly £30 million per year.

Hamilton joined Mercedes from McLaren in 2013, and the alliance has been fruitful, with Hamilton winning all but one of the Formula One championships since 2014.

With 98 career wins, he has surpassed Michael Schumacher as the most successful driver in Formula One history. Hamilton is also in the lead for pole positions in his career (100).

Only Michael Schumacher and Ferrari have combined for more F1 races as a driver-constructor alliance than Hamilton’s 164 starts with Mercedes. Last weekend’s Styrian Grand Prix was his 274th race start, placing him sixth all-time.

According to last year’s Sunday Times Rich List, the seven-time World Champion’s record-breaking achievement has also made him the richest British sports figure in history.

Although the collaboration between Hamilton and Mercedes appears to be poised to endure beyond 2022, it is not the dominant force in the sport this year.

In the driver standings, the Brit is second to Max Verstappen, with Red Bull having won all four of the previous Grands Prix.

Following his second-place result in Austria over the weekend, Hamilton expressed his dissatisfaction with his team’s underpowered engine.

“I’m not sure where they [Red Bull] got all their speed,” Hamilton added. “I think it was everywhere in general, particularly on the straights as far as I’m aware.”

“We haven’t brought any upgrades with us. I can’t recall the last time we received an upgrade. They have, however. They’ve certainly delivered the engine upgrade and some other component of the program, and it’s simply keeping them ahead.”

Toto Wolff, Mercedes’ chief executive, said that the team was pleased with the engine and that work on enhancements would now be concentrated on the model for the next season.

Red Bull CEO Christian Horner, on the other hand, has called Wolff’s bluff and expects more enhancements as the season goes.

Horner explained, “We know Toto prefers to throw the light somewhere else.” “I can’t believe they’re going to.” Brinkwire Summary News

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