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Thread: Hamilton 2021 Contract
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18th January 2021, 18:29 #11
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There are plenty of sites discussing the "rumors". Some are now characterizing the discussions as "sources" are saying.
I think Hamilton was be asking for a 2-year contract not a 4 year, but with an option for the next 2 years after that.
that $40m per year is not unreasonable given his contributions to the team and the currency value.
Let's not forget that in 1996 MSC signed a 2 year Ferrari contract for $60m which is about $100.4million inflation adjusted today.
MSC salary peaked at $38M per year back then.
Ola Kallenius, Chairman of Daimler's Board of Directors, is not served by that attitude. He has had to cut many jobs as a result of the crisis caused by the coronavirus and would not understand why the Formula 1 driver should still have the same budget as in 2020.
I think Hamilton over values his worth. I think Russell help show that his value is not as high as he thinks - that is why Hamilton came back so quick after covid even though he wasn't fully recovered - he wanted to minimize the loss to his value.
It will be interesting to see who blinks.
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