202 replies to this topic

[Gilles4Ever]

Christian Nimmervoll @MST_ChristianN

exclusive: @LewisHamilton signs new #F1 contract with @MercedesAMGF1 on a $100m salary for three years. read more: motorsport-total.com/f1/news/2015/0…

 

[akshay380]

Finally!

[Fatgadget]

What else does the contract say? ...The devil is in the details that sort of thing!

[CountDooku]

As someone mentioned on the contract thread -

 

Toto: "You grateful, you smart Lewis"

 

[Nonesuch]

Add in a few dozen million here and there as bonus for winning a couple of raises and Mercedes is well on its way to making an important contribution to F1's cost cutting agenda!  

 

On a more serious note; as long as Mercedes wants to keep Hamilton, and evidently they do, he'd be silly to go elsewhere.

[krapmeister]

$100 million a year for 3 years or $100 million over 3 years?

[OO7]

$100 million a year for 3 years or $100 million over 3 years?

Judging by the figures we've seen bandied around recently, I'd say both.

[Lazy]

Absurd amount of money.

[Diablobb81]

Good for him!

[as65p]

Dass es etwas länger gedauert hat als zunächst geplant, ist einzig und allein dem Umstand geschuldet, dass Hamilton den Vertrag selbst verhandelt und selbst geprüft hat. Auf einen Manager, der normalerweise den umfangreichen Papierkram erledigt, hat Hamilton verzichtet, um sich hohe Provisionszahlungen zu sparen.

 

Any delay in the signing was solely due to Hamilton negotiating and checking the contract all by himself. He had decided to not employ a manager to spare himself the hefty expenses.

 

http://www.motorspor...t-15052002.html

[Juan Kerr]

Senna used to earn that didn't he in the early 90's as far as I remember so it's no big deal to me.

[onemoresolo]

$100 million a year for 3 years or $100 million over 3 years?

 

Over the three years.

[as65p]

$100 million a year for 3 years or $100 million over 3 years?

 

The latter, according to the source.

[krapmeister]

Tbh it can be read both ways - $100 million a year is a bit crazy if it is that though

[andrewf1]

So that's 30 mil. € per year. How much are Vettel and Alonso earning, also around 30 mil. per year right?

[femi]

Christian Nimmervoll @MST_ChristianN

exclusive: @LewisHamilton signs new #F1 contract with @MercedesAMGF1 on a $100m salary for three years. read more: motorsport-total.com/f1/news/2015/0…

Base pay probably would't even need to touch it while maintaining his chosen lifestyle. In the scheme of things, $2,5mil / mth isn't that much considering the volume of money flying around the F1 circus.

[femi]

So that's 30 mil. € per year. How much are Vettel and Alonso earning, also around 30 mil. per year right?

Vettel earns 50mil this year and 20mil(I think) in subsequent years.

F1 has turned Lewis into a global marketeers' dream and that earns him significantly more than his take home pay. He needs F1 to maintain that status. I have a feeling that would be on his mind during negotiations. Secondly, he gets to keep his money - no agent fees !

[HuddersfieldTerrier1986]

His bonuses will obviously mean he'll get plenty more, on top of merchandising and other things he does. It's a lot of money, but at the same time, if he wanted that much and Mercedes said no, and they couldn't come to an agreement, then he'd go somewhere else. Evidently they're ok paying him that much, so it's no big deal.

[Boing 2]

Senna used to earn that didn't he in the early 90's as far as I remember so it's no big deal to me.

 

As far as I can remember the best Senna got was $1M per race in 93 which put him at $16m. I seem to recall Prost mention that his entire career earnngs from F1 were $40M.

[YoungGun]

Vettel earns 50mil this year and 20mil(I think) in subsequent years.
 

 

$50mil this year and $30mil in subsequent years with up to $10mil in bonuses.

Edited by YoungGun, 20 May 2015 - 08:47.

[CountDooku]

There is quite a big difference these days between £, $ and €! Always state the currency danke.

[YoungGun]

There is quite a big difference these days between £, $ and €! Always state the currency danke.

 

fixed.

[teejay]

But but but he is leaving to go to Ferrari!

[OO7]

$50mil this year and $30mil in subsequent years with up to $10mil in bonuses.

[Roscoe]

As far as I can remember the best Senna got was $1M per race in 93 which put him at $16m. I seem to recall Prost mention that his entire career earnngs from F1 were $40M.

 

Which according to a old-new type price calculator I found and a bit of conversion (Which I know won't be completely accurate before anyone throws a hissy fit) equates to about $29.6m per year for Senna.

 

Either way, if they're willing to pay it then take it.  I doubt anyone here would object to a pay rise stating they are being paid too much.

[CountDooku]

So is Lewis the highest paid driver now in terms of base? Excluding Seb's mahoosive Golden Handshake of course.

[as65p]

Tbh it can be read both ways - $100 million a year is a bit crazy if it is that though

 

No it can't. The whole article could be bogus of course, but what it says is quite clear.

[Gilles4Ever]

AUTOSPORT @autosport

Big start to the #MonacoGP week, Lewis Hamilton has agreed to a new Mercedes deal. #F1 autosport.com/news/report.ph…

[SophieB]

From that link:

 

"The reigning world champion's protracted contract negotiations have been a major talking point during the 2015 season."

 

This says a lot about the general excitement levels of the 2015 season so far. 

 

edited to add:

 

Martin Brundle ‏@MBrundleF1  2m

2 minutes ago

Beers are on @LewisHamilton , that'll be for all of us. New contract and a pay rise. He deserves it, you're worth what somebody will pay you

Edited by SophieB, 20 May 2015 - 09:07.

[TheRacingElf]

Blegghhh.. another 3 years where I have to accept my favourite driver has Toto Wolff as his team boss

[OO7]

Which according to a old-new type price calculator I found and a bit of conversion (Which I know won't be completely accurate before anyone throws a hissy fit) equates to about $29.6m per year for Senna.

 

Either way, if they're willing to pay it then take it.  I doubt anyone here would object to a pay rise stating they are being paid too much.

You must be pleased though!  So more Scooby snacks and a couple of new feeding bowls.  One a 'designer' edition with a picture of Lassie on the side, the other a rare limited edition bowl with 'The Littlest Hobo's' paw print in the centre.  Good times ahead for you. 

[Newbrray]

does this finally lay to rest the tiniest lingering possibility of Alonso to Mercedes & Lewis to Ferrari ?

[Melchiot]

Oh the contract negotiations are over?

Now i can finally sleep peacefully at night

[OO7]

does this finally lay to rest the tiniest lingering possibility of Alonso to Mercedes & Lewis to Ferrari ?

No, because rumor has it that there is an Alonso clause in the new contract.  This clause can be taken if performance conditions are not met, with the activation date being the 24th December of the contracted year.

[GrumpyYoungMan]

No, because rumor has it that there is an Alonso clause in the new contract.  This clause can be taken if performance conditions are not met, with the activation date being the 24th December of the contracted year.

BUT he can't take Lewis's seat... lol!

[Ev0d3vil]

does this finally lay to rest the tiniest lingering possibility of Alonso to Mercedes & Lewis to Ferrari ?

Contracts can be bought out though.

[SR388]

Now let's see if those issues with his seat getting too hot go away.

[krapmeister]

No it can't. The whole article could be bogus of course, but what it says is quite clear.

Maybe the article was clear but I couldn't access it at the time (and as it turns out was in German anyway) which was why I was asking for clarification - the tweet however was ambiguous and likely purposely so. If someone said to you they were on '$60k salary for 3 years' I would take that as $60k a year for 3 years, as normally a salary figure refers to an annual income - so to me 'a $100m salary for three years' can be taken as $100m a year for 3 years. So I imagine a lot of people go 'WTF!?!' and follow the link to the article...

[tmekt]

Lol @ anyone thinking they'd pay the guy $100m a year. That would be downright idiotic.

[krapmeister]

Now let's see if those issues with his seat getting too hot go away.

I hear a fat wallet makes an awfully good insulator...

[krapmeister]

Lol @ anyone thinking they'd pay the guy $100m a year. That would be downright idiotic.

Hey it's F1 - downright idiotic is entirely possible. Likely even...

[Fastcake]

Lucky him!

[Gilles4Ever]

MERCEDES AMG F1 @MercedesAMGF1

CONFIRMED: 3 more years for @LewisHamilton! “@MercedesBenz is my home” #3MoreYears

[Peat]

Just think how many people he can employ to follow him around to take pictures of him for his twitter feed now. 

[SR388]

Just think how many people he can employ to follow him around to take pictures of him for his twitter feed now.

Or polish all of those race win trophies.

[sopa]

So Lewis will be on 6 world championship titles by the end of 2018? Unless rules change meantime and Mercedes loses the edge. Or there is an odd year, where Hamilton has an off year or tyres do funny tricks like in 2013 and Ferrari capitalizes.

[andrewf1]

Just think how many people he can employ to follow him around to take pictures of him for his twitter feed now. 

 

[milestone 11]

Sky are reporting £25m, at current exchange rate, that is €36+m. Who knows?

[CountDooku]

So does this mean that by 2018 we would have a Sir Loisl Hamilton, KBE, Grand Cross & x6 WDC?

[Gilles4Ever]

Telegraph Sport @TelegraphSport

Lewis Hamilton signs new £100m deal with Mercedes...@danielt_johnson reports telegraph.co.uk/sport/motorspo

 

 

It's £100m not $100m according to The Telegraph 

 

BBC Sport @BBCSport

.@LewisHamilton's new @MercedesAMGF1 contract is worth up to £27m Full story: bbc.in/1La7eav

 

£100m = $155m