F1

McLaren set to offer Hamilton $150m - reports

810 views

May 25 (GMM) McLaren is offering Lewis Hamilton a lucrative new contract for 2013 and beyond, British newspapers are reporting from Monaco.

Lewis Hamilton, McLaren
Lewis Hamilton, McLaren

Photo by: xpb.cc

The stories - in all the major dailies including the Guardian, the Telegraph, the Daily Mail, Express, the Star, the Sun, the Mirror and the Times - consistently contradicted an earlier rumour that Hamilton might need to take a pay-cut if he wants to stay with the British team beyond this year.

The Guardian said McLaren has in fact put a five-year, $150 million contract on the table, which combined with bonuses might mean Hamilton overtakes Fernando Alonso as F1's highest paid driver.

"No formal talks have taken place yet ... but it is believed that McLaren ... are ready to make their move," the report read.

The Telegraph concurred, explaining that the new deal might involve a "lower basic salary" but "more control" for Hamilton to sign up his own sponsors.

"It is understood that (his manager) Simon Fuller ... will be in London in July and August ... and negotiations are likely to pick up pace at that point," said that report.

British commentator Martin Brundle said: "Will McLaren allow him some space and some time of his own to sell? I think that will be more of a key factor than a couple of dodgy pit stops, frankly."

The Daily Mail added: "While McLaren are eager to get discussions under way, Hamilton's management are understandably biding their time, given there could yet be opportunities at Mercedes, Red Bull and even Ferrari next season."

The Mirror said McLaren will entice Hamilton to sign for a full five years by offering him "almost a third of the entire ($150m) sum in this final (fifth) year".

The Times' Kevin Eason said the information came from "reliable sources" on the eve of the Monaco Grand Prix.

Write a comment
Show comments
About this article
Series F1
Tags hamilton, mclaren

User photos

EuroRacer
F1

EuroRacer

38 photos
Evan_DeCiren
F1

Evan_DeCiren

27 photos
jimmykwoods
F1

jimmykwoods

2 photos
nickmossdesign
F1

nickmossdesign

1 photos
Tim Holmes
F1

Tim Holmes

17 photos
EricDebris
F1

EricDebris

411 photos
hanmerdesign
F1

hanmerdesign

7 photos
darkcloud154
F1

darkcloud154

22 photos
Upload photo