News Details

Exclusive: Hamilton’s Salary Demands Preventing New Mercedes Contract

Lewis Hamilton’s unwillingness to take a pay cut is hindering his contract extension negotiations with the Mercedes F1 team, a source in the paddock has told Formula1News.co.uk. The Brit is currently earning around £40 million per year with the Silver Arrows, but they are looking to reduce this by around 60 percent in light of the coronavirus-induced global economic crisis, the source added. READ: Sergio Perez & Hulkenberg Are Potential Options For Red Bull – Marko Hamilton, however, is reportedly not willing to take such a steep pay cut – and this disagreement is what led to the impasse in The post Exclusive: Hamilton’s Salary Demands Preventing New Mercedes Contract appeared...
Full Story »
Share

You May Also Be Interested In...

New Teams Should Be Allowed To Buy Existing Cars –...

With new entrants now required to pay a $200 million fee to the existing...
4mo ago from Formula1News.co.uk

Red Bull Insist There’s No Engine Clause In Max...

Red Bull team principal Christian Horner has insisted that Max Verstappen...
4mo ago from Formula1News.co.uk

McLaren driver starts Eifel GP with new Mercedes engine

Lando Norris starts the Eifel Grand Prix with a new engine in the back of...
4mo ago from GPBlog.com

Horner: No engine clause in Verstappen's contract

Max Verstappen does not have a clause in his Red Bull contract allowing...
4mo ago from GrandPrix247.com

Elsewhere On The Network

Popular On MGPToday.com

Tank Slappers Podcast: What kind of Marquez will...

Six-time MotoGP world champion Marc Marquez made his first public press...
16h ago from AutoSport.com

Marc Marquez talks difficulties for MotoGP return,...

Get MotoGP news in your inbox! By signing up to the newsletter you agree...
12h ago from Crash.net

FIRST LOOK: Johann Zarco, Jorge Martin present 2021...

Get MotoGP news in your inbox! By signing up to the newsletter you agree...
16h ago from Crash.net

Popular On IndyCarToday.com

Haas backed out of Grosjean IndyCar sponsorship after...

25 Feb 2021 F1 team owner Gene Haas reveals he pulled planned sponsorship...
13h ago from Crash.net

Ex-F1 driver Grosjean doesn't want to be 'asshole'...

Ex-Formula 1 driver Romain Grosjean says he 'used to be an asshole as a...
1d ago from AutoSport.com

Popular On TotalWRC.com

Motorsport in England gets green light for March 29...

Motorsport in England can resume from March 29 under the governments...

Popular On GunnersToday.com

Arsenal planning swap deal for Barcelona outcast -...

Adit Jaganathan FOLLOW ANALYST 0 Modified 17 min ago Rumors SHARE...
2h ago from SportsKeeda.com

Arsenal 3-2 Benfica (4-3 agg): 5 Talking Points as...

Sunaadh Sagar FOLLOW FEATURED COLUMNIST 0 Modified 8 min ago Top 5 / Top...
2h ago from SportsKeeda.com

Martin Keown highlights three Arsenal stars that stood...

A dramatic late winner from club captain Pierre-Emerick Aubameyang...
9h ago from DailyStar.co.uk

Episode 617 – Saka gets us out of our own jail

Welcome to another episode of the Arsecast – the Arsenal podcast....
1h ago from Arseblog.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.