Daimler believed to have blocked Hamilton’s new contract of four years and 200m dollars

Formula 1 World champion is technically without a team

Lewis HamiltonLewis Hamilton

Lewis Hamilton and Mercedes have formed a winning partnership in Formula 1 over the past several years, but the English driver’s contact with the team expired as 2020 became 2021.

He reportedly wanted a four-year deal worth 50 million dollars per year and that was approved by Toto Wollf, but Daimler CEO Ola Kallenius has stopped it.

That’s according to Il Corriere Sport, who are reporting that Daimler, the parent company behind Mercedes AMG F1, don’t want to give Hamilton such a long deal.

With Hamilton to turn 36 in January, they only want to offer a two-year contract with an option for the third year.

This means that the seven-time world champion doesn’t currently have a team. The new deadline for him to renew, then, would be ahead of testing in Barcelona, which starts on March 2.

There have been other reports, meanwhile, that claim Hamilton wants a three-year deal worth 70m dollars per year. That, though, wouldn’t be feasible, not with Mercedes having to cut 20 percent of staff due to poor sales results after the coronavirus pandemic.

Source of the article

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