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Lewis Hamilton Extends His Contract with Mercedes Until 2020

Today, the Mercedes team made the news official. Lewis Hamilton and Mercedes boss, Toto Wolff signed a two-year contract that will keep the Formula One World Champion with Mercedes until the end of 2020. “I have been part of the Mercedes racing family for 20 years, and I have never been happier inside a team than I am right now,” the Briton said.

Hamilton’s rival, Sebastian Vettel has already renewed his contract with Ferrari back in 2017. The situation is the same with Red Bull’s Max Verstappen who also extended his contract last year. Both Vettel and Verstappen will stay with their current teams until the end of the 2020 season.

By signing the next two seasons with Mercedes, Hamilton put his plans to paper. As the British race driver explained, the contract extension has only been a formality, as he’s been discussing his stay with Mercedes during last winter. It was back then that both Hamilton and Wolff knew Hamilton would extend his contract with Mercedes. The company said they were waiting for the right moment to announce the news. As it turns out, the perfect timing was today, ahead of the German Grand Prix.

Lewis Hamilton holds his title of being Britain’s highest paid athlete. Thanks to Hamilton’s performance bonuses, the Briton even surpassed Vettel, who’s ranked among the highest-paid athletes in the world. Hamilton, a long-time favourite on best betting sites in the UK, is also the second most successful drivers racing for the Mercedes team. The most successful Mercedes driver is Michael Schumacher with 91 race victories and seven world championship titles. Hamilton is right behind the racing legend with 65 Formula 1 wins.

The 2018 German Grand Prix starts on July 22nd. At the time being, Ferrari holds a twenty-point lead over Mercedes according to the current Formula 1 constructor standings. Hamilton is eight points behind Vettel. All of that, however, can change based on Hamilton’s performance at this year’s German Grand Prix.

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