Vital F1 - Hamilton offered £20million per season
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

McLaren drivers getting frustrated? (Friday August 28 2015)

Ferrari do not want fight with Pirelli (Thursday August 27 2015)

Hamilton delight at qualifying form (Wednesday August 26 2015)

Blog: Belgian GP Report (Monday August 24 2015)

2015 - Belgian GP- Race (Sunday August 23 2015)

2015 - Belgian GP - Qualifying (Sunday August 23 2015)

2015 - Belgian GP - FP3 (Sunday August 23 2015)

2015 - Belgian GP - FP2 (Friday August 21 2015)

2015 - Belgian GP - FP1 (Friday August 21 2015)

Raikkonen retains seat at Ferrari (Thursday August 20 2015)

Blog: Spa Preview (Wednesday August 19 2015)

Who will win the Belgium Grand Prix? (Tuesday August 18 2015)

Stevens pleased with Manor season (Friday August 14 2015)

Toro Rosso takeover talks over (Thursday August 13 2015)

Toro Rosso should push on (Monday August 10 2015)

Money means nothing to Ricciardo (Friday August 7 2015)

Honda to spend tokens (Thursday August 6 2015)

Force India investigate failures (Wednesday August 5 2015)

McLaren oppose testing plans (Tuesday August 4 2015)

Double podium for Red Bull Racing (Thursday July 30 2015)

Vettel dedicates victory to Bianchi (Wednesday July 29 2015)

Blog: Hungarian GP Report (Monday July 27 2015)

2015 Hungary GP - Race (Sunday July 26 2015)

Blog: Hungaroring Qualifying (Saturday July 25 2015)

2015 Hungary GP - Qualifying (Saturday July 25 2015)

2015 Hungary GP - FP3 (Saturday July 25 2015)

2015 - Hungary GP - FP2 (Friday July 24 2015)

2015 - Hungary GP - FP1 (Friday July 24 2015)

Drivers mourn at Bianchi's funeral (Wednesday July 22 2015)

Blog: Hungaroring Preview (Tuesday July 21 2015)

Who will win in Hungary? (Tuesday July 21 2015)

Chilton dedicates win to Bianchi (Monday July 20 2015)

Jules Bianchi dies aged 25 (Saturday July 18 2015)

McLaren trying to unlock potential (Thursday July 16 2015)

Red Bull lack patience (Wednesday July 15 2015)

Button's future up in the air (Friday July 10 2015)

Hamilton wants more control (Thursday July 9 2015)

Mercedes to power Red Bull Racing? (Wednesday July 8 2015)

Blog: British GP Report (Tuesday July 7 2015)

Records fall for Hamilton (Monday July 6 2015)

2015 - British GP - Race result (Sunday July 5 2015)

Blog: Silverstone Qualifying (Sunday July 5 2015)

2015 - British GP - Qualifying (Saturday July 4 2015)

2015 - British GP - FP3 (Saturday July 4 2015)

2015 - British GP - FP2 (Friday July 3 2015)

2015 - British GP - FP1 (Friday July 3 2015)

Hamilton calls for better trophies (Thursday July 2 2015)

Blog: Silverstone Preview (Wednesday July 1 2015)

Pirelli to request more F1 tests (Tuesday June 30 2015)

New contract for Horner (Monday June 29 2015)

F1 teams are all talk says Todt (Monday June 29 2015)

Formula 1 v Formula E (Monday June 29 2015)

Positive test for McLaren (Friday June 26 2015)

Mosley praise for Ecclestone (Thursday June 25 2015)

Red Bull to sack Horner? (Wednesday June 24 2015)

Angry Mateschitz (Tuesday June 23 2015)

Blog: Austrian GP Report (Sunday June 21 2015)

2015 Austrian GP - Race (Sunday June 21 2015)

Blog: Red Bull Ring Qualifying (Saturday June 20 2015)

Four drivers hit with penalties (Saturday June 20 2015)

2015 Austrian GP - Qualifying (Saturday June 20 2015)

2015 Austrian GP - FP3 (Saturday June 20 2015)

2015 Austrian GP - FP2 (Friday June 19 2015)

2015 Austrian GP - FP1 (Friday June 19 2015)

Italian Grand Prix to alternate? (Thursday June 18 2015)

Will Michelin return to Formula One? (Thursday June 18 2015)

Blog: Red Bull Ring Preview (Wednesday June 17 2015)

Who will win in Austria? (Tuesday June 16 2015)

Hulkenberg wins Le Mans (Monday June 15 2015)

Head knighted (Monday June 15 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 1057
2. DJ 970
3. The Fear 773
4. Villaininthemerde 612
5. johnkelv 583
6. Druss_the_Legend 541
7. Push The Button 461
8. col8 334
9. The Intimidator 167
10. __villa__ 145

Current Site Poll (view all polls)

Who will win in Belgium?
Hamilton 46%
Rosberg 8%
Vettel 2%
Raikkonen 34%
Bottas 2%
Massa 0%
Someone else 8%