Lewis Hamilton Agrees a £40M A-Year Deal Until 2020

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Lewis Hamilton has agreed to a lucrative new deal with German Car Maker Mercedes that will run for at least two more years.

The deal is worth a huge sum with reports from Germany revealing that the 33-year old formula one icon will be earning at least £30 million annually depending on bonuses and track performance.

Hamilton has been with the German F1 outfit for two decades now and he will now add two more years to that spell. His performances have been outstanding in the track and many as an all-time great of F1 consider him.

The driver confessed his satisfaction recently by saying the current Mercedes team is the best he has been with since the beginning of his career with Mercedes.

“I have been part of the Mercedes racing family for 20 years and I have never been happier inside a team than I am right now.

“We are on the same wavelength both on and off track – and I am looking forward to winning more in the future and shining even more light on the three-pointed star. I’m very confident that Mercedes is the right place to be over the coming years.”

The experienced driver has managed an outstanding 65 wins in the 218 races that he has raced. He has won three of the last four races since Mercedes introduced the turbo hybrid engines on their cars back in 2014.

Hamilton is set to embark on a very competitive F1 season in which he ranks second on the halfway point. He trails fellow driver, Sebastian Vettel in the rankings by nine points.

The deal is going to make Hamilton richer by £100 million after which he would consider his future with Mercedes Benz.

Hamilton’s first victory came a decade ago when he was still a McLaren driver although the cars used Mercedes engines back then.

According to Mercedes executive director’s words, Hamilton signed the contract papers because he did not want to keep fans waiting any longer.

Hamilton heads into the second half of the season without a teammate but Mercedes said they would confirm about his identity in the coming days.