In a recent update, Mercedes F1 team principal and CEO Toto Wolff shed light on the current status of seven-time Formula One world champion Lewis Hamilton’s new contract with the team. While the contract is yet to be formally signed, Wolff expressed that it is essentially a done deal on an “emotional level.”

Hamilton, the 38-year-old British racing sensation, showcased his skill during the final practice for the Hungarian Grand Prix, clocking the fastest lap time, adding to his impressive record of eight wins at the race. Amidst the anticipation surrounding his contract renewal, Wolff clarified that the discussions have moved beyond financial aspects and are now focused on shaping the future and optimizing performance.

Toto Wolff Confirms Explains Lewis Hamilton’s Contract Status

Acknowledging the prolonged negotiations, Wolff emphasized in an interview that the talks have transcended mere monetary considerations. The team’s co-owner stated that their focus is on mutual goals and objectives for the upcoming seasons. He mentioned that the contract discussions have evolved beyond duration and money, now encompassing a range of other pertinent topics.

Lewis Hamilton’s Side of the Story

Hamilton, on his part, expressed his contentment with the progress of the negotiations, highlighting that he had not been heavily involved in the finer details of the discussions. Preferring to concentrate on other aspects of his career, he commended his team for diligently handling the contract talks in the background. Hamilton added that there are no further negotiations needed, and the contract is now at the stage of finalizing minor details.

Final Thoughts

The contract extension has been a topic of intrigue within the motorsport community, given Hamilton’s illustrious career and the profound impact he has had on the sport. While the formal signing is yet to occur, both parties seem optimistic about the outcome, with Hamilton expecting an agreement in the near future.