Mercedes CEO Ola Kallenius has reportedly made it clear to Lewis Hamilton that the British racing superstar must accept to cut his current wages in half to sign a new contract. Hamilton’s win at the Emilia Romagna Grand Prix last month helped Mercedes secure a record seventh consecutive Constructors’ Championship.
And the 35-year-old could clinch his seventh world title this weekend if he outscores Valtteri Bottas by eight points at the Turkish Grand Prix.
Hamilton’s record-equalling title has looked a formality for most of the season.
Similarly, so has the Briton signing a contract extension with Mercedes.
He’s hinted on numerous occasions that he intends to stay heading into 2021, but there has been no progression with just a matter of weeks left of the season.
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After winning in Italy last time out, Hamilton even hinted that he would contemplate retiring at the end of the season.
The F1 icon reportedly earns £40million per year, but motorpasion claim Mercedes aren’t willing to continue paying those wages.
It is claimed that Kallenius wants Hamilton’s wages cut in half – and he’s ready to look elsewhere if the Briton refuses.
The report adds the Mercedes CEO believes their car is capable of producing a champion even without Hamilton.
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Hamilton’s future at Mercedes has long been tied with Toto Wolff’s who’s contract also expires at the end of the year.
Wolff though recently hinted that he expects the pair of them to stay at Mercedes in 2021.
“We go together in a way,” Wolff said.
“We have a symbiosis and obviously it is important where our heart is and mindset is for next year.
“I’ve said that this is my team. I’m in a very proud corner with Mercedes and I’m not going to go anywhere.
“My role may change in the future, and it’s something that Lewis has asked. Nothing is ever secure.
“It was like Niki Lauda in the 1970s: you could wake up one morning at a track and say: ‘I’m just not having fun anymore.’
“And I think that can happen to anybody.
“But we want to continue this journey. We are not finished.”
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