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

Blog: Baku Qualifying (Saturday June 24 2017)

2017 Azerbaijan GP - Qualifying (Saturday June 24 2017)

2017 Azerbaijan GP - FP3 (Saturday June 24 2017)

2017 Azerbaijan GP - FP2 (Friday June 23 2017)

2017 Azerbaijan GP - FP1 (Friday June 23 2017)

Blog: Baku Preview (Thursday June 22 2017)

F1 too boring for Malaysia (Wednesday June 21 2017)

Who will win in Baku? (Monday June 19 2017)

Kvyat rant at 'circus' stewarding (Thursday June 15 2017)

Merc hit Ferrari with heavy blow (Tuesday June 13 2017)

Blog: Canadian GP Report (Monday June 12 2017)

2017 Canada GP - Race (Sunday June 11 2017)

Blog: Montreal Qualifying (Sunday June 11 2017)

2017 Canada GP - Qualifying (Saturday June 10 2017)

2017 Canada GP - FP3 (Saturday June 10 2017)

2017 Canada GP - FP2 (Friday June 9 2017)

2017 Canada GP - FP1 (Friday June 9 2017)

Formula One season set to expand (Thursday June 8 2017)

Blog: Montreal Preview (Tuesday June 6 2017)

Who will win in Canada? (Monday June 5 2017)

Youngster set to return to F1 (Friday June 2 2017)

Mercedes war with Ferrari not over (Wednesday May 31 2017)

All talk on Ferrari (Tuesday May 30 2017)

Blog: Monaco GP Report (Monday May 29 2017)

2017 Monaco GP - Race (Sunday May 28 2017)

Blog: Monaco Qualifying (Saturday May 27 2017)

2017 Monaco GP - Qualifying (Saturday May 27 2017)

2017 Monaco GP - FP3 (Saturday May 27 2017)

2017 Monaco GP - FP2 (Thursday May 25 2017)

2017 Monaco GP - FP1 (Thursday May 25 2017)

Blog: Monaco Preview (Wednesday May 24 2017)

Who will win in Monaco? (Monday May 22 2017)

Blog: Spanish GP Report (Monday May 15 2017)

2017 Spain GP - Race (Sunday May 14 2017)

Blog: Barcelona Qualifying (Saturday May 13 2017)

2017 Spain GP - Qualifying (Saturday May 13 2017)

2017 Spain GP - FP3 (Saturday May 13 2017)

2017 Spain GP - FP2 (Friday May 12 2017)

2017 Spain GP - FP1 (Friday May 12 2017)

Blog: Barcelona Preview (Thursday May 11 2017)

Who will win in Spain? (Monday May 8 2017)

Track upgrades for Montreal (Wednesday May 3 2017)

Blog: Russian GP Report (Monday May 1 2017)

2017 Russia GP - Race (Sunday April 30 2017)

Blog: Sochi Qualifying (Saturday April 29 2017)

2017 Russia GP - Qualifying (Saturday April 29 2017)

2017 Russia GP - FP3 (Saturday April 29 2017)

2017 Russia GP - FP2 (Friday April 28 2017)

2017 Russia GP - FP1 (Friday April 28 2017)

Blog: Sochi Preview (Wednesday April 26 2017)

Who will win in Russia? (Monday April 24 2017)

Grid penalty for Sainz in Russia (Thursday April 20 2017)

Mercedes to implement team orders? (Wednesday April 19 2017)

Blog: Bahrain GP Report (Monday April 17 2017)

2017 Bahrain GP - Race (Sunday April 16 2017)

Blog: Sakhir Qualifying (Saturday April 15 2017)

2017 Bahrain GP - Qualifying (Saturday April 15 2017)

2017 Bahrain GP - FP3 (Saturday April 15 2017)

2017 Bahrain GP - FP2 (Friday April 14 2017)

2017 Bahrain GP - FP1 (Friday April 14 2017)

Blog: Sakhir Preview (Wednesday April 12 2017)

Who will win in Bahrain? (Tuesday April 11 2017)

Hamilton loving battle with Vettel (Tuesday April 11 2017)

Blog: Chinese GP Report (Monday April 10 2017)

2017 China GP - Race (Sunday April 9 2017)

Blog: Shanghai Qualifying (Saturday April 8 2017)

2017 China GP - Qualifying (Saturday April 8 2017)

2017 China GP - FP3 (Saturday April 8 2017)

2017 China GP - FP2 (Friday April 7 2017)

2017 China GP - FP1 (Friday April 7 2017)

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. DJ 1147
2. Red5 1117
3. The Fear 773
4. Villaininthemerde 612
5. johnkelv 600
6. Druss_the_Legend 587
7. Push The Button 503
8. col8 334
9. The Intimidator 207
10. VanGisbergen2013 161

Current Site Poll (view all polls)

Who will win in Azerbaijan?
Hamilton 27%
Bottas 3%
Vettel 55%
Raikkonen 3%
Verstappen 6%
Ricciardo 3%
Someone else 3%