Mercedes Formula 1 driver Lewis Hamilton has agreed to a new £40m-a-year deal until 2020.
The world champion will earn £30m per year, which could rise to £40m in bonuses for the next two seasons according to his new contract with the German manufacturer.
“It’s good to put pen to paper, announce it and then get on with business as usual,” the 33-year-old Briton said as quoted by BBC Sport.
“I have been part of the Mercedes racing family for 20 years and I have never been happier inside a team than I am right now.
“We are on the same wavelength both on and off track – and I am looking forward to winning more in the future and shining even more light on the three-pointed star. I’m very confident that Mercedes is the right place to be over the coming years.”
Mercedes have commanded Formula 1 since 2014 when turbo hybrid engines were introduced to the scene. During that time, they have won four consecutive drivers’ and constructors’ championship doubles with Hamilton taking home three of those titles and the other scooped by former team-mate Nico Rosberg, who has since retired after becoming champion in 2016.
Hamilton’s first world title came with McLaren, using Mercedes engines, in 2008.
Meanwhile, Mercedes F1 boss Toto Wolff had this to say;
“There is not much about Lewis that hasn’t been said already – he is one of the all-time greats and his track record speaks for itself.”