Published 17:46 IST, June 4th 2020

Lewis Hamilton's wait to sign new Mercedes deal set to extend: Report

Lewis Hamilton's ongoing deal with Mercedes is set to expire at end of 2020 and the British driver and his current F1 team are yet to open discussions on it.

Reported by: Suraj Alva
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In past couple of years, Formula 1 has witnessed dominance of Lewis Hamilton and Mercedes F1 team while or competitors have been chasing ir shadows. However, things could change post 2020 F1 season as sword hangs over Lewis Hamilton-Mercedes partnership as  British driver is yet to officially renew his contract with 'Silver Arrows'. Lewis Hamilton's current contract runs till end of season and yet re is news if six-time world champion plans to stay with Mercedes.

Also read: Lewis Hamilton's Stand On George Floyd's Death Backed By Mercedes Chief Toto Wolff

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Toto Wolff opens up about contract talks with Lewis Hamilton  

Mercedes F1 team boss Toto Wolff, while speaking to reporters on a conference call, said that he and Lewis Hamilton have been in regular contact during COVID-19 pandemic but haven't seen each or since both are in different parts of world. Wolff furr said that once F1 season resumes he and Hamilton will spend some time toger, take contract out of cupboard, look at timings, numbers, rights and hopefully have some update pretty soon.

Also read: Lewis Hamilton, Sponsor Tommy Hilfiger On Same P In Supporting 'Black Lives Matter'

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Recently, Lewis Hamilton rubbished reports of him splitting with Mercedes by saying that y are best team and his future remains with m. Hamilton furr said that he doesn't dream of ar team as he is with people who have cared for him since Day 1.

Also read: Lewis Hamilton 'overcome With R At Blatant Disregard For Lives Of Black People'

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Lewis Hamilton current salary with Mercedes 

Lewis Hamilton's current salary with Mercedes is £40 million ($49.4 million) and multiple reports had suggested that Brtish driver is also in talks with Mercedes over increasing his salary to £60 million a year. According to report published by Express.co.uk, Mercedes are reportedly ready to offer Lewis Hamilton a deal worth a staggering £46.5 million per year.

Also read: Lewis Hamilton Named UK's Richest Sportsperson With Staggering £224 Million Net Worth

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Lewis Hamilton net worth 

Lewis Hamilton was recently named as richest sportsperson in UK by Sunday Times Rich List. According to report, Lewis Hamilton net worth figure has increased to £224 million, which is £37 million more than 2019 estimate. Lewis Hamilton net worth includes his current F1 salary with Mercedes, which stands at £40 million ($49.4 million) and British driver is also in talks with Mercedes over increasing his salary to £60 million a year.

Lewis Hamilton net worth includes his salary from Mercedes and also money he receives from endorsing brands like Monster Energy, Puma, IWC, Sony, Bose, Bell Helmets, MV Agusta Motorcycles and more. He is also closely associated with Tommy Hilfiger.

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(IM: LEWIS HAMILTON / INSTAGRAM)

17:46 IST, June 4th 2020