Mercedes AMG announce that it has finalised a new contract with Lewis Hamilton for the 2016 to 2018 Formula One seasons inclusive
Lewis Hamilton: “Mercedes is my home and I couldn’t be happier to be staying here for another three years. This is a company filled with real passionate racers, from the board room to the factory floor, and an incredible hunger to win."
Toto Wolff, Head of Mercedes-Benz Motorsport: “Continuity is one of the key factors for delivering success in Formula One and we now have that in place. Lewis enjoyed an historic World Championship season with Mercedes-Benz last year and it was a priority for this season to renew his contract for the next term."
Depending on how many races he wins, and whether he becomes world champion, these bonuses could easily take his annual earnings well over 40m (27m).
The overall value of Hamilton's deal is fundamentally similar to F1's two other big earners and multiple champions, McLaren's Fernando Alonso and Ferrari's Sebastian Vettel.