Lewis Hamilton Set to Sign New Mercedes Deal
Lewis Hamilton's new deal will see him join the likes of Sebastian Vettel and Fernando Alonso as Formula One's top earners.
Formula One World champion, Lewis Hamilton is expected to sign a new contract with Mercedes later this week. Hamilton, who is believed to have handled negotiations with team bosses himself, has revealed that the deal is '99 per cent' done.
"It should be done this week. There is no reason it shouldn't. Honestly, it's 99.6% done. There's no negotiating left, it's just legal stuff," said Hamilton, whose current contract will expire at the end of the current season.
The two-time world champion, who had joined Mercedes after a six-year spell with McLaren, is likely to sign a contract worth more than £27m-a-year ($40m). The new deal will put Hamilton at par with Fernando Alonso and Sebastian Vettel as F1's top earners. (Vettel's Malaysia Victory 'Scared' Rosberg)
Alonso is being paid $40m-a-year by McLaren and Honda while Vettel is rumoured to earn $50m (£33.7m) in 2015 with Ferrari. (Vettel Pays Tribute to 'Hero' Schumacher)