Lewis Hamilton contract: F1 salaries as world champion has deal blocked by Mercedes owners
F1 

Lewis Hamilton compared to Schumacher by David Coulthard

Lewis Hamilton has yet to sign a new contract for Mercedes although he is expected to do so for the 2021 season. Hamilton has been knighted after winning his seventh world championship matching the great Michael Schumacher.

The Brit has yet to sign a new contract and has had his latest demands turned down, according to reports.

Hamilton is said to have wanted a contract worth $50m a season for four years, lower wages than what he is currently on.

Mercedes owners Daimler blocked the deal as they are concerned about the length of the deal on offer.

That’s because they have a close eye on George Russell, 22, who impressed in replacing Hamilton for the Sakhir Grand Prix.

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Italian outlet Corriere dello Sport say Mercedes want a shorter deal with the seven-time world champion.

Hamilton is currently the highest-paid driver in the sport with Sebastian Vettel second.

The German’s wages will go down after leaving Ferrari for Aston Martin for the 2021 season though.

That is likely to be the same for Daniel Ricciardo who moves from Renault to McLaren.

Max Verstappen, Valtteri Bottas and Charles Leclerc were all paid well in 2020 for Red Bull, Mercedes and Ferrari respectively.

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At the other end of the grid the lowest paid drivers were Antonio Giovinazzi, Nicholas Latifi, Russell and Daniil Kvyat.

There will be several changes to the 2021 grid with Fernando Alonso returning to Renault and Carlos Sainz moving to Ferrari.

Haas will also have two new drivers in Mick Schumacher and Nikita Mazepin.

Sergio Perez will move to Red Bull and replace Alex Albon for the 2021 season.

It all starts with the Australian Grand Prix on Sunday, March 21.

EVERY DRIVER’S 2020 SALARY

All figures from Fox Sports

1. Lewis Hamilton (Mercedes): $76M

2. Sebastian Vettel (Ferrari): $57M

3. Daniel Ricciardo (Renault): $32M

4. Max Verstappen (Red Bull Racing): $26M

5. Valtteri Bottas (Mercedes): $15M

6. Charles Leclerc (Ferrari): $15M

7. Kimi Raikkonen (Alfa Romeo): $10M

8. Carlos Sainz (McLaren): $7M

9. Sergio Perez (Racing Point): $6M

10. Esteban Ocon (Renault): $6M

11. Romain Grosjean (Haas): $3.2M

12. Kevin Magnussen (Haas): $3.2M

13. Alex Albon (Red Bull): $3.2M

14. Lando Norris (McLaren): $2.4M

15. Lance Stroll (Racing Point): $2.4M

16. Pierre Gasly (Alpha Tauri): $2.4M

17. Daniil Kvyat (Alpha Tauri): $2.4M

18. George Russell (Williams): $1.2M

19. Nicholas Latifi (Williams): $1.2M

20. Antonio Giovinazzi (Alfa Romeo): $800K

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