The Briton’s contract talks garnered a lot of attention last season, with negotiations actually extending until 2021 when a new one-year contract was struck.
Mercedes is keen to avoid a repetition of such lengthy discussions, and now new details have emerged on the progress Hamilton and the German team have made.
Hamilton’s new contract for 2021 gives him a base salary of £ 34million, a paycheck he is prepared to cut according to Motorsport.com’s international editions.
But as a result, he wants his bonus for winning the Drivers’ Championship doubled. Wolff would like the talks to be over by June 15.
Hamilton is currently chasing a record-breaking eighth world championship, having tied Michael Schumacher in seven in 2020, and he is said to be chasing that increased bonus due to the emergence of Max Verstappen as a real threat in the Champions League title fight. pilots 2021.
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After six rounds of the season, Verstappen leads the standings with four points ahead of Hamilton, with the Briton missing a golden chance to regain the lead after exiting at the restart of the Azerbaijani Grand Prix.
This two-lap dash to the line had been triggered by a tire failure for Verstappen which saw him crash into his head, but after accidentally flipping a switch that altered his brake balance, Hamilton shifted over. to challenge Sergio Perez for the P1 to recover out of the escape route.
Hamilton’s new contract would cover the 2022 season, but there would also be the possibility of extending it to 2023.
The 36-year-old has already said this season that he plans to stay in Formula 1 beyond 2021, having recently completed a practice session with Pirelli for their new 18-inch tire compounds for 2022.
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