Lewis Hamilton, Mercedes To Seal Three-Year, $47M Per Season Deal

Lewis Hamilton's new deal with Mercedes is "planned for this weekend’s Monaco Grand Prix, ending months of speculation," according to Daniel Johnson of the London TELEGRAPH. Hamilton and Mercedes have become "increasingly frustrated with questions over the status of negotiations," so they will be "relieved to draw a line under the episode." Once bonuses are "taken into account," Hamilton's new three-year deal could be worth in excess of £30M ($46.5M) a season, a £9M ($14M)-a-year "increase on his current contract which expires at the end of this year." The reigning champion "dispensed with XIX Entertainment last year and has been negotiating himself with the help of his lawyer, Sue Thackeray" (TELEGRAPH, 5/19).