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Hamilton to sign new £65 million contract this week
Lewis Hamilton and Mercedes are set to sign a new deal which will see the current championship leader staying with the Anglo-German outfit until 2018. It's believed the three-year deal is worth a total of £65 million ($96m) excluding potential bonuses for race wins and championship victories. His annual salary could therefore reach upwards of £30m ($45m), made up of a basic salary of £21.6m ($32m) and bonuses exceeding £8m ($12m) if he wins another title. It's the first time the Briton has negotiated his own deal after splitting with his management team last year. Contract talks started in November but will finally come to an end this week according to sources. The...
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