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

Mercedes identify Rosberg fault (Tuesday September 30 2014)

Who will win in Japan? (Monday September 29 2014)

Button hints at new deal (Thursday September 25 2014)

No imminent announcement for McLaren (Wednesday September 24 2014)

Magnussen denies burns (Tuesday September 23 2014)

Red Bull not giving up on long shot (Tuesday September 23 2014)

Singapore swings in Hamilton's favour (Monday September 22 2014)

Will reliability decide the F1 title? (Monday September 22 2014)

Blog: Singapore GP Report (Monday September 22 2014)

2014 - Singapore - Race (Sunday September 21 2014)

Blog: Singapore Qualifying (Sunday September 21 2014)

2014 - Singapore - Qualifying (Saturday September 20 2014)

2014 - Singapore - FP3 (Saturday September 20 2014)

2014 - Singapore - FP2 (Friday September 19 2014)

2014 - Singapore - FP1 (Friday September 19 2014)

Alonso angered by Italian rumour mill (Friday September 19 2014)

Massa & Chilton raise radio ban concerns (Friday September 19 2014)

Renault aiming to optimise performance (Thursday September 18 2014)

Rosberg & Hamilton hope to gain advantage (Thursday September 18 2014)

FIA clarify new radio rules (Wednesday September 17 2014)

Lotus finances improving (Wednesday September 17 2014)

Williams want to become title contenders (Tuesday September 16 2014)

Prodromou completes McLaren switch (Tuesday September 16 2014)

Radio ban not clear says Mercedes (Monday September 15 2014)

Who will win the Singapore Grand Prix? (Monday September 15 2014)

F1 radio clamp down (Friday September 12 2014)

Massa needed podium finish (Thursday September 11 2014)

Button enjoyed Perez battle (Thursday September 11 2014)

Schumacher returns home (Wednesday September 10 2014)

Di Montezemolo steps down (Wednesday September 10 2014)

Di Montezemolo criticised by Fiat boss (Tuesday September 9 2014)

Albers quits Caterham (Tuesday September 9 2014)

Williams maximise performance (Monday September 8 2014)

Hamilton deserved victory says Rosberg (Monday September 8 2014)

Blog: Italian GP Report (Monday September 8 2014)

2014 - Italy - Race (Sunday September 7 2014)

Blog: Monza Qualifying (Saturday September 6 2014)

2014 - Italy - Qualifying (Saturday September 6 2014)

2014 - Italy - FP3 (Saturday September 6 2014)

2014 - Italy - FP2 (Friday September 5 2014)

2014 - Italy - FP1 (Friday September 5 2014)

Speculation bores Vettel (Friday September 5 2014)

Could Mercedes drop Rosberg or Hamilton (Friday September 5 2014)

Hass seal Ferrari deal (Thursday September 4 2014)

Renault join calls for engine freeze lift (Wednesday September 3 2014)

Ferrari frustration for Fernando (Wednesday September 3 2014)

Hamilton will not give up (Tuesday September 2 2014)

Who will win the Italian Grand Prix? (Tuesday September 2 2014)

Rosberg finally takes responsibility (Monday September 1 2014)

Ferrari boss attempts to buy time (Monday September 1 2014)

Williams must improve (Friday August 29 2014)

Ricciardo is a championship contender (Wednesday August 27 2014)

Rosberg refuses to comment (Tuesday August 26 2014)

Blog: Belgian GP Report (Tuesday August 26 2014)

Crash was deliberate claims Hamilton (Monday August 25 2014)

Finger of blame pointed at Rosberg (Monday August 25 2014)

2014 - Belgium - Race (Sunday August 24 2014)

Blog: Spa Qualifying (Sunday August 24 2014)

2014 - Belgium - Qualifying (Saturday August 23 2014)

2014 - Belgium - FP3 (Saturday August 23 2014)

2014 - Belgium - FP2 (Friday August 22 2014)

2014 - Belgium - FP1 (Friday August 22 2014)

Chilton to race in Spa (Friday August 22 2014)

Russia is ready (Thursday August 21 2014)

Kobayashi dropped by Caterham (Thursday August 21 2014)

Ferrari lucky to have 2 great champions (Wednesday August 20 2014)

Introducing Max Verstappen (Tuesday August 19 2014)

2014 Ferrari doesn't suit Kimi (Tuesday August 19 2014)

Who will win the Belgian Grand Prix? (Monday August 18 2014)

New Ground For Mercedes (Monday August 18 2014)

Lowe rejects Newey claim (Friday August 15 2014)

Kimi targets race wins in 2015 (Tuesday August 12 2014)

Grosjean uncertain over future (Monday August 11 2014)

Blog: Time for Bernie to go (Thursday August 7 2014)

Nico didn't get close enough - Wolff (Wednesday August 6 2014)

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 1022
2. DJ 887
3. The Fear 771
4. Villaininthemerde 612
5. johnkelv 569
6. Druss_the_Legend 521
7. Push The Button 440
8. col8 334
9. The Intimidator 149
10. __villa__ 145

Current Site Poll (view all polls)

Who will win the Japanese Grand Prix?
Hamilton 68%
Rosberg 8%
Ricciardo 8%
Vettel 8%
Alonso 0%
Raikkonen 0%
Bottas 8%
Massa 0%
Someone else 0%