Lewis Hamilton agrees to a new two-year, £50 million contract, making him the second-highest paid Formula One driver.

Lewis Hamilton agrees to a new two-year, £50 million contract, making him the second-highest paid Formula One driver.

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The two-year, £50 million contract Lewis Hamilton signs will make him the second-highest paid Formula One driver, with a £10 million increase keeping him with Mercedes until he is 40.For Mailonine, by Jonathan McEvoy Accessed: 08:13 EDT, August 31, 2023

Lewis Hamilton has agreed to drive for Mercedes in 2024 and 2025 as part of a £50 million contract.The team today confirmed the two-season contract, putting an end to a drawn-out saga that had been going on for months.The seven-time world champion will continue competing until the night before turning 41, extending his illustrious career to a staggering 19th season. The conditions of his new agreement do not include an option for a third year.

He now ranks alongside Max Verstappen as one of the two highest-paid Formula One drivers thanks to the eye-watering contract, which increased by about £10 million.One knowledgeable source claims that Hamilton first demanded a long-term agreement of five years, but this request has not been granted. Furthermore, early enthusiasm in Ferrari was not maintained, as Hamilton’s reputation actually declines with age. George Russell’s two-year contract with the Silver Arrows has also been extended, according to Mercedes. The agreement was finalized many weeks ago, but it wasn’t made public until today.

He doesn’t want to waste his prime years of life at age 25 waiting to become number one.Since joining Mercedes in 2013, Hamilton has amassed 82 victories and 78 pole positions for the team. He stated: “We dream of being the best every day, and we have dedicated the last ten years together to achieving that goal.”Being at the top requires commitment, hard work, and dedication; it does not happen over night or in a short period of time. It has been an honor to secure our place in history with this outstanding team.

‘The longest dry spell of his career hasn’t seen Hamilton win a race since December 2021, but he’s still determined to capture the eighth world championship that eluded him so controversially in Abu Dhabi two seasons ago.We have never been more determined to win, he continued. We have gained knowledge from both successes and failures. We keep pursuing our goals, we keep fighting through difficulties, and we will succeed again.I’m appreciative of the team’s assistance, both on and off the track.

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Our tale isn’t over; we’re committed to work together to accomplish more, and we won’t give up until we do. Russell stated, “Since joining as a member of the junior program back in 2017, I have grown up with this team. It feels wonderful to continue our unique relationship through 2025 because it’s my home. Hamilton’s hesitation to commit delayed the announcement, which team principal Toto Wolff had been promising for months. Wolff said: “Maintaining our present driver line-up was a clear decision.

We have the strongest driver combination on the grid, and both of them are essential to the team’s progress. The strength and stability they offer will serve as important foundational pieces for our future success. One of the most fruitful collaborations in the history of the sport is ours with Lewis. It has always been a formality that we would work together, so it is encouraging for us all to say it out loud.

His impressive track record serves as evidence of his abilities as a pure racer, but throughout the course of our years working with, he has developed into a team member and leader.’These leadership skills are essential as we concentrate on competing for world championships once more.He has played a significant part in forming our commitments to diversity, inclusivity, and sustainability, which will be the cornerstones of our success in the years to come, as F1’s largest global star.

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