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Value Of F1 Driver Lewis Hamilton's New Mercedes Deal Could Reach $40M Per Year

Reigning F1 champion Lewis Hamilton expects to sign a new Mercedes contract this week that "could be worth" more than £27M ($40M) a year, according to Andrew Benson of the BBC. The 30-year-old Briton, who has been handling negotiations with team bosses himself, "says talks are complete" and the deal is being finalized by lawyers. Hamilton: "Honestly, it's 99.6 percent done. There's no negotiating left, it's just legal stuff." Hamilton, who joined Mercedes in '13 after six years with McLaren, will earn "about the same as he did under his first contract with the German team" -- a basic salary of $31M plus "extensive bonuses." Depending on how many races he wins, "and whether he becomes world champion, these bonuses could easily take his annual earnings well" over $40M (BBC, 3/30).

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