Formula One: ‘Hamilton edging closer to Mercedes’

Lewis Hamilton now has a 50-50 chance of convincing the 2008 world champion to sign a new deal with them.

Lewis Hamilton is said to be ‘edging closer’ to signing to a contract with Mercedes and McLaren ‘now have no better than a 50-50 chance’ of convincing the 2008 world champion to sign a new deal with them, according to Sky Sports.

“McLaren’s latest offer to Hamilton to extend his contract, which expires at the end of the current campaign, is understood to be worth considerably less than his existing £15million-a-year terms,” newspapers have reported.

“By contrast, Mercedes are desperate to make Hamilton the linchpin of their expanding involvement in Formula One and have offered to match his current deal, while bonuses could push the sum towards £60 million over three years.

Published in The Express Tribune, September 15^th, 2012.