Lewis Hamilton’s $25,000,000 Demand Rejected by Toto Wolff to Give Major Update on Contract Negotiations

For many fans, the F1 summer break comes as a disappointment because of the lack of on-track action. However, in the world of F1, no week goes by without drama, on or off the track. So right after the commencement of the summer break, Mercedes’s boss decided to give the entire world of F1 something to talk about. We are now all aware Lewis Hamilton will enter the final half of his Mercedes contract. The prolonged negotiations had multiple factors contributing to its delay. However, as time passed, the negotiations progressed, but there is still no pen to paper. Although, the final signature might still take some time or not come at all after Toto Wolff’s recent revelation.

According to reports, Hamilton wanted an extremely lucrative clause in his contract. The clause would’ve earned him a sweet $25 million each year for performing his ambassadorial duties for Mercedes. If accepted, Hamilton would represent Mercedes for the coming 10 years after his retirement.

However, Wolff made a mega revelation regarding this cause, as reported by Autosport. “We’re not talking about an ambassadorial role post his retirement, nor is that part of the contract negotiations,” explained Wolff. “I think he has many years to go as a driver within this team, and therefore it’s only about cleaning things up in the contract.”

Read More: $25,000,000 Handicap Dismissed as Lewis Hamilton’s Miraculous Turnaround Hailed to End Contract Problems With Mercedes

Now, with this eyebrow-raising revelation, one would assume the contract will be stalled for longer and might end the negotiations altogether. However, after this massive announcement, Wolff also revealed the progress on the contract extension, which will put all Mercedes fans’ minds at ease.

After the massive announcement, Toto Wolff gives an update that will please all Lewis Hamilton fans

The Austrian boss might’ve raised some heartbeats after his revelation. However, the boss also gave an update on the contract negotiations and put confidence in its inevitable agreement.

“I know it looks a little bit [uncertain] and this not being done and dusted. But it’s simply down to trivial things that just need to be cleaned up in contracts,” Woll said. “I don’t want to give you a date, because it’s lawyers speaking to lawyers. It’s not material things anymore, but you’ve got to give it time and I don’t want to commit to a date.”  

Even Hamilton seconded Wolff’s comments and said, “There is no negotiation left. It is all just small bits.”

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Now there is no timeline for when this uncertainty will end. However, both men have filled everyone with a lot of confidence. Let’s hope everything goes according to plan or else we will witness another extraordinary twist in this tale of the silly season.