‘It’s a good dependence on each other’: Toto Wolff rejects claims Mercedes may be ‘cornered’ in Lewis Hamilton’s contract talks with F1 superstar seeking huge three-year £120m deal
- Lewis Hamilton wants a new £40m-a-year contract to remain with Mercedes
- The superstar admitted he may walk away from the sport at the end of the year
- Toto Wolff says talks will have ‘good balance’ when they begin in the near future
Toto Wolff has waved away claims Mercedes may be ‘cornered’ in talks with Lewis Hamilton over his eye-watering new contract.
The six-time world champion’s current deal is set to expire next month and he is seeking fresh £40million-a-year terms to stay with the team, as reported by Sportsmail.
Despite Hamilton also sensationally admitting he may walk away from the sport at the end of the year, the 35-year-old is understood to be open to renewing his deal – and Wolff insists talks will have a ‘good balance’.
Toto Wolff has waved away claims Mercedes may be ‘cornered’ in talks with Lewis Hamilton
The team’s chief says discussions will have a ‘good balance’ over the new £40m-a-year deal
He said: ‘It’s a good dependence on each other.
‘We would like him in the car and I think he wants to drive the Mercedes – because it’s competitive. So, no, I think there is a good balance.’
Hamilton can seal a record-equalling seventh world title this weekend at the Turkish Grand Prix. Mercedes wrapped up a seventh constructors’ championship crown two weeks ago after another spellbinding season.
Hamilton (left) can wrap up a record-equalling seventh world title at the Turkish Grand Prix
It is expected negotiations over the bumper contract will begin after the superstar’s imminent success.
Both parties have remained relaxed over the situation despite time rapidly running out to reach an agreement.
‘I don’t want to drop a date here because, if I do, everybody’s going to ask at every single race,’ Wolff added.
‘But this is what we agreed. I think it was important to make sure that we have both titles secured and then have a more relaxed approach to the discussion about the future.’
The superstar wants a three-year deal but said he may walk away from F1 at the end of the year
The six-time world champion’s current terms with the constructor are set to expire next month
Sportsmail has previously reported that a proposal to limit the wages of the sport’s biggest stars will start in 2023.
Pay packets will be restricted to £22m, a move which even received Wolff’s backing.
Hamilton’s new deal is likely to be honoured, however, provided it is signed before the new rules are implemented shortly.
He will clinch his seventh crown on Sunday as long as team-mate Valtteri Bottas falls short of outscoring him by eight points.
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