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MERCEDES and HAMILTON: Why only one year? LEWIS has no VETA right!

Lewis Hamilton remains in Formula 1, but initially only for one year. Toto Wolff, head of the Mercedes team, explains this unusual deal where it was about money and also the right to veto a team-mate that Hamilton didn’t get.

Za Formula 1 it is a blessing and a curse at the same time. Lewis Hamilton will defend his title this year with Mercedes. Damn itbecause from a sporting point of view we would definitely have more interesting constellations. Blessing, because it is Lewis Hamilton the best advertising figure a sport can desire.

Za Mercedes je Hamilton only a blessing, so from sports as well as marketing vista. This combination justifies his salary. It is also in the opposite direction Mercedes za Hamilton a blessing because serial champions offer him a lot competitive material, rather dominant. Because of this, we also have payslips with fat amounts and also the freedoms that Hamilton he has what other teams wouldn’t enjoy. It is therefore surprising that both sides initially agreed only on one year. Hamilton's first contract lasted three years, 2015 extended again for three years, 2018 but for two years. And now practically only for eleven months.

"It was a mutual decision,”He explained Toto wolff and adds: "For two main reasons: because on the one hand we have a completely new policy in 2022 and the budget ceiling will also play a role. On the other hand, we have waited so long with negotiations this year that we did not want to talk about an extra year for the 2022 and 2023 seasons. This year, we will sit down at the table earlier and debate the future." Both sides play poker, both primarily for money. "We don't want to discuss pay,”He explained Wolff, which, however, gave at least a small hint"We live in difficult times: humanly, medically and also economically. The automotive industry is currently investing in electric mobility. This is a situation that has always been clear to Lewis. Here he always showed loyalty to the concern and the development of the company."

Toto Wolff explained the background to Lewis Hamilton’s new contract, which was signed for only one year.

Although the value is supposed to be Hamilton in recent years due to new records perhaps raised, they are world situation probably prevent any correction wages up. If the situation improves, it can Hamilton he demands more money again under the new contract. Otherwise, too Mercedes he hopes the situation will improve, but the second factor but it puts pressure on racers ’salaries and that’s it budget ceiling. At the time, racers ’salaries were one of the exceptions to the $ 145 million budget ceiling. “In 2022, nothing will happen in this sense, but later on this could already play a role. It is important that we look at this in the common interest and what it means for the team's finances,”He explained Wolff.

Wolff: Lewis Hamilton has no veto over the choice of racer

The head of the Mercedes team also emphasizes that Hamilton does not have the right to veto the selection of a team racer, nor will he participate in the team's income from television.

When the teams have only one budget za racers in development of racing cars, will have to weigh both factors. How much can it contribute to performance dear racer and how much more money does it bring to development? This would automatically put pressure on racers ’salaries. Because also general ceiling for the salaries of racers is in conversation. Lastly, there was a lot of talk about it as well Hamilton claimed the right to codecision when choosing a teammate. But already the duration of the new contract these speculations take away the wind from the sails. Toto wolff was even clearer here: “That was really nonsense. Some of the things that arose were not the subject of debate at all. Whether it is co-participation in television receipts or co-decision in choosing another racer. This was not mentioned in a single word."                         

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