Two years or five years? £100m or £250m? Lewis Hamilton “closing in” on new contract

Lewis Hamilton is nearing a new Mercedes contract but the terms remain a mystery - and are being reported differently by two British newspapers.
Lewis Hamilton (GBR) Mercedes AMG F1. Formula 1 World Championship, Rd 9, Canadian Grand Prix, Montreal, Canada,
Lewis Hamilton (GBR) Mercedes AMG F1. Formula 1 World Championship, Rd 9, Canadian Grand…

The seven-timeℱ F1 champion has been negotiating a new deal to keep him at Mercedes beyond the expiration of his current contract at the end of th🦹is year.

r🍸eported on Saturday night that Hamilton is “closing in” on a two-year contract worth £100m, or £50m per season.

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But 24 hours earlier, reported something substanti♔ally different.

They insist Hamilton wants a five-year deal worth a total of £250m which woul⭕d take him to his 43rd birthday.

The Mail quoted a source saying: “Lewis wants five years,🔴 and if it were just a one-year extension I don't think he'd accept 🧸it.

“They may need to reach a compromise because, while George (Russell) has probably made peace with the idea of Lewis being 𒊎around for a couple of years, he might not accept being in the shadow of his team-mate for the long-term.

“There is always a lure about Ferrari, but Lewis will probably think that his only hope of winni💙ng his eighth title is by staying where he is.

“Money is not a delaying factor.”

Lewis Hamilton (GBR) Mercedes AMG F1 in qualifying. Formula 1 World Championship, Rd 9, Canadian Grand Prix, Montreal,
Lewis Hamilton (GBR) Mercedes AMG F1 in qualifying. Formula 1 World Championship, Rd 9,…

At least both newspapers agree that Hamilton ♏will be pai🐻d £50m per season.

Hamilton will start the F1 Canadian Grand Prix 𓆏behind Red Bull rival Max Verstappen and Aston Martin's Fernando Alonso.

It would🌜 be a spectacular night in Montreal if Mercedes could somehow end Red Bull’s w🦄inning streak.

James Allison, their technical director, has been talking up their ambitions for 2024 wꦺhen a totally reconsidered car could reestablish Hamilton as F1’s No 1 force - but only after he pens a new contract.

Both Hamilton and team principal Toto Wolff insist an agreement is imminent yet𝔍 it has not arrived yet.

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