Lewis Hamilton’s contract extension with Mercedes is expected to be officially announced before the Dutch Grand Prix scheduled for the 25th to 27th of August.
According to reports from formulapassion and corrieredellosport, the seven-time world champion is expected to sign a new contract that will keep him with the team for another four years.
Complicated Contract Negotiations
At the beginning of 2021, Toto Wolff, the team boss of Mercedes, had expressed his frustration with the lengthy and complicated contract renewal negotiations with Hamilton.
The seven-time world champion only signed an annual contract in March for the 2021 championship, followed by a further extension for two years until 2023 in July.
However, the agreement is set to expire at the end of this season, and reports suggest that the new contract will be renewed and made official before the Dutch Grand Prix.
The exact details of the new contract have not been revealed, and it is believed that the duration of the contract will be the real surprise.
🚨 La prolongation du contrat de Lewis Hamilton avec Mercedes devrait officiellement être annoncée avant le Grand Prix des Pays-Bas (25-27 août) ✍️🇬🇧— Secteur F1 (@Secteur_F1) August 13, 2023
Un contrat de 4 années supplémentaires pourrait être signé !
New Four-Year Contract
According to reports from the Italian news outlet, Il Corriere dello Sport, Hamilton is expected to sign a new four-year contract with Mercedes, indicating his long-term commitment to the team.
Although the duration of the contract has not been officially confirmed, sources suggest that Hamilton’s intention to sign for another four years with Mercedes was leaked during the Montreal weekend in Canada.
Other rumors in the paddock talking about a 1+1 type of deal with Hamilton having the option on the second year
This new contract comes as a surprise, given Hamilton’s age, as he will turn 39 next January. However, the team seems to be confident in his abilities and has also renewed the agreement with their other driver, George Russell, until 2025.