Vital F1 | Hamilton deal edges closer
Vital Login
Social Login

Other Sites

Network Navigation

Vital Partners

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

Hamilton deal edges closer

McLaren and Lewis Hamilton had publicly spoken about their desire to get the Brits contract situation sorted over the F1 summer break.

The British driver is out-of-contract at the end of the 2012 season and has previously been linked with moves to Red Bull, Ferrari and Mercedes.

But with Mark Webber committing to Red Bull following his win at the British Grand Prix and a move to either Ferrari or Mercedes unlikely, Hamilton and McLaren understand the need to seal the deal and that is what all parties are currently working towards.

It had been previously reported that McLaren were set to offer Lewis Hamilton a mega £20million per season contract to remain with the team, which would actually be an improvement on his current five-year £15million per season contract which expires at the end of the 2012 Formula One World Championship.

The Daily Telegraph believed the finer details of that offer were 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.

Another factor for Hamilton would be the emotional link he holds with the McLaren team.

Hamilton has of course 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.

So while the 2008 Formula One World Champion will of course drive a hard bargain, ultimately all parties know that they want to resolve the issues and that would appear to be where they currently stand.

'We are closer and of course we are in dialogue,' McLaren Managing Director Jonathon Neale told Sky Sports.

'For obvious reasons I can't speculate more at the moment. We are working very hard to find a common ground.'








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:Wednesday August 15 2012

Time: 10:10AM

Your Comments

Just give him the real trophies Ron and do the deal FFS.
johnkelv
 

Have Your Say

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

Recent Vital F1 Articles

Blog: Monaco GP Report (Sunday May 29 2016)

2016 Monaco GP - Race (Sunday May 29 2016)

Blog: Monaco Qualifying (Saturday May 28 2016)

2016 Monaco GP - Qualifying (Saturday May 28 2016)

2016 Monaco GP - FP3 (Saturday May 28 2016)

2016 Monaco GP - FP2 (Thursday May 26 2016)

2016 Monaco GP - FP1 (Thursday May 26 2016)

Blog: Monaco Preview (Thursday May 26 2016)

Who will win in Monaco? (Monday May 23 2016)

Lauda slams Hamilton (Tuesday May 17 2016)

Seven score race wins in Spain (Tuesday May 17 2016)

Mercedes duo crash (Monday May 16 2016)

Blog: Spanish GP Report (Sunday May 15 2016)

2016 Spain GP - Race (Sunday May 15 2016)

Blog: Barcelona Qualifying (Saturday May 14 2016)

2016 Spain GP - Qualifying (Saturday May 14 2016)

2016 Spain GP - FP3 (Saturday May 14 2016)

2016 Spanish GP - FP2 (Friday May 13 2016)

2016 Spanish GP - FP1 (Friday May 13 2016)

Blog: Barcelona Preview (Wednesday May 11 2016)

Renault have big plans for Spain (Wednesday May 11 2016)

Who will reign in Spain? (Monday May 9 2016)

Bottas content with Russia finish (Thursday May 5 2016)

What was Sebastian to do? Fly? (Wednesday May 4 2016)

Russian roulette (Monday May 2 2016)

Blog: Russian GP Report (Monday May 2 2016)

2016 Russia GP - Race (Sunday May 1 2016)

2016 Russia GP - Qualifying (Saturday April 30 2016)

2016 Russia GP - FP3 (Saturday April 30 2016)

2016 Russia GP - FP2 (Saturday April 30 2016)

2016 Russia GP - FP1 (Friday April 29 2016)

Hamilton has one eye on retirement (Friday April 29 2016)

Horner praise for Renault (Thursday April 28 2016)

Booth returns to Formula One (Thursday April 28 2016)

Alonso believes he's still the best (Wednesday April 27 2016)

Hamilton can re-use China engine (Wednesday April 27 2016)

Blog: Sochi Preview (Tuesday April 26 2016)

Who will win in Russia? (Monday April 25 2016)

Red Bull's wings no longer clipped? (Thursday April 21 2016)

Hamilton is the benchmark says Rosberg (Wednesday April 20 2016)

Grosjean slams 'idiotic' Ericsson (Wednesday April 20 2016)

Ricciardo is all smiles (Tuesday April 19 2016)

Four take maximum points in China (Monday April 18 2016)

Embarrassed Vettel slams Kvyat (Monday April 18 2016)

Blog: Chinese GP Report (Sunday April 17 2016)

2016 China GP - Race (Sunday April 17 2016)

Blog: Shanghai Qualifying (Saturday April 16 2016)

2016 China GP - Qualifying (Saturday April 16 2016)

2016 China GP - FP3 (Saturday April 16 2016)

2016 China GP - FP2 (Friday April 15 2016)

2016 China GP - FP1 (Friday April 15 2016)

Kick in the goonies for Hamilton (Thursday April 14 2016)

Good things can happen for Renault (Wednesday April 13 2016)

Has Hamilton lost his spark? (Wednesday April 13 2016)

Blog: Shanghai Preview (Wednesday April 13 2016)

Tyre chaos in China? (Tuesday April 12 2016)

Who will win in China? (Monday April 11 2016)

Haas targeting points from every race (Wednesday April 6 2016)

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 1088
2. DJ 1040
3. The Fear 773
4. Villaininthemerde 612
5. johnkelv 584
6. Druss_the_Legend 557
7. Push The Button 477
8. col8 334
9. The Intimidator 182
10. __villa__ 145

Current Site Poll (view all polls)

Were Mercedes right to ask Rosberg to pull over?
Yes - Hamiton was faster 100%
No - Rosberg held championship advantage 0%