Vital Login
Social Login

Other Sites

Network Navigation

Vital Partners

'If It's F1, It's Vital'

Hamilton offered £20million per season

McLaren are set to offer Lewis Hamilton a mega £20million per season contract to remain with the team.

The 2008 Formula One World Champion is out of contract at the end of the 2012 season as his current five-year £15million per season contract comes to an end.

With contract negotiations seemingly ongoing for over a year there has been rumours linking Hamilton with possible moves away from McLaren.

While he appeared out of form and out of sorts during a poor 2011 campaign it was rumoured that McLaren might have been looking elsewhere, while this season various mistakes amongst the team have cost Hamilton points, leading for speculation that Hamilton might take a look around at other options.

In reality the British driver was always likely to remain with McLaren as he has grown up around the team since he was a 13-year-old and leaving the team and everything he has ever known would be tough, but that hasn't put a stop to the media and paddock rumours linking him with Red Bull, Ferrari and Mercedes.

Those links to other teams might still prove crucial as Hamilton's representatives and McLaren team bosses try and thrash out a new deal.

While Hamilton signed a long-term five-year-contract in 2007, it would seem the most likely option this time around would be a three-year-deal with a get-out clause after two-seasons.

The new deal could see a £5million per year improvement on his £15million per season contract, but the Daily Telegraph believe the finer detail is yet to be finalised and could prove to be a sticking point as there will be a lot of negotiations regarding Hamiltonís commercial rights.

Hamiltonís management company XIX Entertainment will argue for more free-time for Hamilton to be able promote his own brands and projects, while McLaren will argue that Hamilton has his own team sponsorship commitments to fulfil.

One way around this could be a lower basic salary to represent this agreement, or Hamilton's team could look to see if other teams were prepared to match his demands to try and budge McLaren's offer.








Join Vital F1

It's easy to join up and join in on VitalF1.com, simply click the link and enjoy getting involved!

If you are already a member of Vital Football, your logins will automatically work on VitalF1.com!

The Journalist

Writer: Red5 Mail feedback, articles or suggestions

Date:Friday May 25 2012

Time: 9:57AM

 

Have Your Say

Log in...
with your social network     OR     with your Vital account

Recent Vital F1 Articles

All options open for Renault (Tuesday March 31 2015)

Blog: Malaysian GP Report (Monday March 30 2015)

2015 - Mal GP - Race (Sunday March 29 2015)

Blog: Sepang Qualifying (Saturday March 28 2015)

2015 - Mal GP - Qualifying (Saturday March 28 2015)

2015 - Mal GP - FP3 (Saturday March 28 2015)

2015 - Mal GP - FP2 (Friday March 27 2015)

2015 - Mal GP - FP1 (Friday March 27 2015)

Bottas to avoid surgery (Thursday March 26 2015)

Alonso clears up mystery crash (Thursday March 26 2015)

Alonso and Bottas cleared to drive (Thursday March 26 2015)

Blog: Sepang Preview (Wednesday March 25 2015)

New Hamilton deal all but agreed (Wednesday March 25 2015)

Bottas hopeful of return (Tuesday March 24 2015)

Alonso to travel to Malaysia (Monday March 23 2015)

Who will win in Malaysia? (Thursday March 19 2015)

2015 - Aus GP - Race result (Sunday March 15 2015)

Blog: Australian GP Report (Sunday March 15 2015)

Blog: Melbourne Qualifying (Saturday March 14 2015)

2015 - Aus GP - Qualifying result (Saturday March 14 2015)

2015 - Aus GP - FP3 result (Saturday March 14 2015)

Van der Garde drops Sauber dispute (Saturday March 14 2015)

Sauber boss could face prison (Friday March 13 2015)

2015 - Aus GP - FP2 result (Friday March 13 2015)

2015 - Aus GP - FP1 result (Friday March 13 2015)

Jordan to auction cars for charity (Thursday March 12 2015)

Blog: Melbourne Preview (Thursday March 12 2015)

Sauber lose van der Garde appeal (Thursday March 12 2015)

Hass will be ready for 2016 debut (Wednesday March 11 2015)

Hamilton resists Ferrari approaches (Tuesday March 10 2015)

2015 Formula One Drivers (Tuesday March 10 2015)

2014 F1 Driver Standings (Tuesday March 10 2015)

2014 F1 Constructor Standings (Tuesday March 10 2015)

Marussia cleared to race (Friday March 6 2015)

Lotus pleased with steps forward (Friday March 6 2015)

Alonso woke up in 1995 (Friday March 6 2015)

Alonso to miss out on Australia (Wednesday March 4 2015)

Chilton makes move into WEC (Tuesday March 3 2015)

Hamilton keeps Mercedes on top (Monday March 2 2015)

Williams top first day of final test (Friday February 27 2015)

Manor name first driver (Thursday February 26 2015)

Alonso released from hospital (Wednesday February 25 2015)

Alonso remains hospitalised (Tuesday February 24 2015)

Alonso airlifted to hospital (Monday February 23 2015)

Maldonado tops third day in Barcelona (Monday February 23 2015)

Red Bull on top on day two in Barcelona (Monday February 23 2015)

Maldonado tops first day in Barcelona (Friday February 20 2015)

F1 set for Qatar in 2016 (Thursday February 19 2015)

Raikkonen unfazed by uncertain future (Tuesday February 17 2015)

Alonso just wants equality at McLaren (Friday February 13 2015)

Honda plan upgrades for next test (Wednesday February 11 2015)

Force India look set to miss second test (Tuesday February 10 2015)

Marussia push on with return (Monday February 9 2015)

Force India block Marussia return (Friday February 6 2015)

Raikkonen and Ferrari on top in Jerez (Thursday February 5 2015)

Signs of progress for McLaren? (Wednesday February 4 2015)

Marussia to exit administration (Wednesday February 4 2015)

Sauber top third day (Wednesday February 4 2015)

Early struggles for McLaren Honda (Tuesday February 3 2015)

Hamilton set for contract talks (Monday February 2 2015)

Formula One teams hit the test track (Monday February 2 2015)

Bernie wants one wish (Friday January 30 2015)

Could F1 lose German Grand Prix? (Tuesday January 27 2015)

New engines attract new fans (Friday January 23 2015)

Vettel's big gamble at Ferrari (Wednesday January 21 2015)

Archived Vital F1 Articles

List All Vital F1 Articles
Have your say
Click here to suggest an article
Click here to suggest a poll

Vital Members League (view all)

1. Red5 1045
2. DJ 940
3. The Fear 771
4. Villaininthemerde 612
5. johnkelv 581
6. Druss_the_Legend 532
7. Push The Button 451
8. col8 334
9. The Intimidator 157
10. __villa__ 145

Current Site Poll (view all polls)

Can Ferrari win again in 2015?
Yes 100%
No 0%