Lewis Hamilton has signed a new one-year contract with Mercedes, which is estimated to be worth up to £40 million.
The seven-time World Champion had been out of a deal since January 1, but he’s now committed to Mercedes for another season.
The deal also includes a charitable donation to help increase diversity in Formula 1.
The 36-year-old will enter his 15th season and look to win a record eighth World Title, which will surpass the joint-record he currently holds with Michael Schumacher.
Hamilton holds the record for the most wins (95), pole positions (98) and podium finishes (165).
“I am excited to be heading into my ninth season with my Mercedes teammates. Our team has achieved incredible things together and we look forward to building on our success even further, while continuously looking to improve, both on and off the track.”
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Categories: Formula 1