P1racenews AI automatic summary:
Revealed: Hamilton’s massive pay rise – and the terms Mercedes didn’t grant
Mercedes confirmed that Lewis Hamilton signed a new contract to stay with the team until 2025, along with his teammate George Russell. Hamilton will receive a yearly salary increase of £10m, bringing his total salary to £50m, making him one of the highest-paid F1 drivers, alongside Max Verstappen. Hamilton initially requested a five-year deal but only received a two-year contract. Ferrari’s interest in recruiting Hamilton did not materialize. The announcement of Russell’s deal was kept a secret until now, although it was reportedly agreed upon weeks ago. The delay in confirming Hamilton’s contract was due to his initial reluctance to commit. Hamilton will have another opportunity to challenge Verstappen and Red Bull at the F1 Italian Grand Prix this weekend.
Source: Crash.net
