Lewis Hamilton is set to sign a new contract with Formula One side Mercedes AMG later this week, reports Daily Express.
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Hamilton himself has revealed that the deal is ‘99.6 per-cent’ complete after conducting negotiations with his team and says all is needed now is the lawyer’s final seal of approval.
The BBC reports that the reigning World Champion could earn a basic salary of £20.9 million but after bonuses this has the ability to rise to £27m which would see the Brit earn over £3000 per hour or £51.36 per minute.
However, Hamilton may well have to earn every penny of that incredible contract over the coming Formula One season after the shock victory of Sebastian Vettel in the Malaysia Grand Prix at the weekend.
Hamilton had earlier won the opening race of the 2015 campaign in Australia, with many predicting a third world title and second successive trophy on the back of it, but that may not be so straight forward now.
“I didn’t see it coming,” said Hamilton, who finished second in Malaysia ahead of team-mate Rosberg but behind Vettel, reports Daily Express.
“I went into the race very open minded in that I knew things would be tougher but even so I went in with a good feeling we would be able to fight and win the race.
“In the end it was damage limitation. If that was a bad day, where we still get second and third, then that’s pretty good.
“I don’t think the win [for Ferrari] was a one-off. I don’t think they [Ferrari] were lucky or it was a fluke. They just did a solid job.
“But nor do I think it was a wake-up call for us. I don’t think we were in need of one, after all we won by 30 seconds in the last race.”