Lewis Hamilton ‘willing to take a pay cut’ on his £34m salary to sign new one-year Mercedes deal… but Brit ‘wants his bonus for winning the world title DOUBLED’
- Lewis Hamilton is in negotiations over a new one-year Mercedes contract
- Hamilton is reportedly willing to take a pay cut on £34m deal signed in February
- But the Brit wants his bonus for winning the world title doubled
- He is one title away from breaking Michael Schumacher’s joint-record of seven
Lewis Hamilton is reportedly willing to take a pay cut to stay with Mercedes until the end of next season, but the Brit wants his bonus for winning the world title doubled.
The 36-year-old seven-time world champion only signed a one-year extension in February but has already been in negotiations for some time over a new deal, with Mercedes chief Toto Wolff setting a June 15 deadline for talks to be concluded.
World champion Lewis Hamilton celebrates winning the Bahrain Grand Prix back in March
Mercedes executive director Toto Wolff has set a June 15 deadline for Hamilton to sign a deal
Hamilton backed down on his initial £40million-a-year demands for this season, accepting his previous basic salary of £34m, and Brazilian website motorsport.com report that he is willing to take a pay cut for next season given the financial constraints of the Covid-19 pandemic.
The Brit’s desire for a much higher world title bonus comes with Max Verstappen leading the drivers’ championship after six races by four points.
Hamilton, currently level on seven world titles with Michael Schumacher, is looking for a record-breaking eighth this year, which would also be his fifth in a row.
The proposed new deal will be for one year but will include and option to be extended by another year taking in the 2023 season.