Formula One: Lewis Hamilton Slams Reports Of Increased Salary Demands | Formula 1 News

Lewis Hamilton hit out Saturday at reviews claiming he is looking for a large wage build up to re-sign with Mercedes for 2021 and past. As rival driving force Romain Grosjean mentioned it used to be “unacceptable” for Hamilton to earn greater than $40 million, the six-time champion took to social media to slam the tales. “The media stay writing about (my) contract and making calls for, however I have not even spoken with Toto about it but,” he wrote on Instagram. “No calls for. The dialog hasn’t even begun. So please forestall making shit up.”

Hamilton didn’t specify which information organisations he used to be relating to, however a record within the London Day by day Mail previous this week claimed he used to be in search of a wage build up to $50 million.

Different reviews mentioned Mercedes weren’t ready to exceed $20 million (bucks).

Frenchman Grosjean, who races for the American Haas staff and is a director of the Grand Prix Drivers Affiliation (GPDA), mentioned there were some debate at the factor and identified that proscribing pay on the most sensible finish of the drivers’ marketplace may affect the careers of more youthful emerging stars.

“We had this communicate within the GPDA,” he mentioned. “Some have been in favour, others have been towards. I do assume it is unacceptable that Lewis Hamilton earns greater than 40 million bucks whilst some drivers earn 150,000 a yr for a similar activity.

“Then again, it used to be identified that if we cap drivers’ salaries, we spoil the entire ladder of motorsport.

“Who would make investments cash in younger driving force programmes to pay for his or her racing if they are able to’t get their a refund by means of taking a share of the drivers’ top wages? That is the debate.

“In my view, I wasn’t essentially towards the speculation of getting drivers’ salaries (integrated) within the funds cap…

“However then, needless to say, you could possibly query what producer or supervisor would come and lay our a fortune on a driving force simplest to take again 20 consistent with cent of one thing this is capped – in order that they by no means get their a refund.”

Mercedes staff leader Toto Wolff mentioned he had attempted to stay in touch with each Hamilton and his team-mate Valtteri Bottas all the way through the lockdown. Each drivers’ contracts expire this yr.

“Merely in keeping with the truth that we’ve not noticed every different so much, now we have been preserving the dialogue up,” Wolff mentioned.

“We’re able of consider with each, which it is advisable to say, in F1, doesn’t suggest so much — but it surely does in our staff and I suppose that we will be able to do the following steps quickly.

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“However I do not wish to decide to any timing as a result of I do not wish to resolution questions each weekend. There is not any urgency. All people wish to do it and when the time is true we will be able to announce it.”

System One has made transparent that a long term wage cap is into account as the game introduces common value cuts and funds caps.