Bojan Vrbnjak
Months after everyone expected the announcement of the signing of the contract, Hamilton has not yet sat together with Toto Wolffto discuss a new contract for the year 2021 and onwards. One of the detailed points of the agreement is, of course, his annual salary.
Currently British earns around 40 million and the 35-year-old is said to want a higher salary namely 45 million per year for two or three years of further cooperation. This is much higher than the new budget ceiling envisages. According to the newspaper Daily Mail there is a suggestion for salary limit the biggest stars of Formula 1 on $ 30 million, which will be written in the new rules, which he also supported Toto wolff, head of the Mercedes team. This policy is expected to take effect in 2023. Either way, a racer who has a contract for 2023 or beyond will still be paid his full salary, even if it exceeds that $ 30 million.
"Although the exact details of the ceiling are not yet final, the source said that labor law would probably oblige teams to continue paying at the agreed amount set before the new rule was introduced," so Daily Mail. "Hamilton may also consider whether he will be tied to the team for longer than he originally intended to get the highest possible salary by the end of his career." Wage cap, which was discussed at Monday 's meeting Formula 1 Commission, still needs a blessing FIA Council, which was also done.
