Lewis Hamilton signs $138 million 5-year contract with McLaren | Rpmgo.com

Friday, Vodafone McLaren Mercedes announced that Lewis Hamilton signed a new contract with the team. The contract ends in 2012 and it will bring the young British F1 superstar a total of $138 million (that’s about $27 million every year). Not bad for Lewis who, for its 2007 performance got only $700,000. Hamilton, who turned 23 on January 7, signed his first contract with McLaren in 1998, when he was just 13 years old.

The young driver said: “It’s fantastic for me that Vodafone McLaren Mercedes has extended my contract until 2012. Whilst last year was my first year with the team in Formula 1, I have been connected to McLaren and Mercedes-Benz since 1998 and feel that I could easily drive for this team for the whole of my Formula 1 career.

I am with the right team to compete for race wins and both the Drivers’ and Constructors’ World Championships in the future. We will have a lot of challenges ahead, but I am 100% positive I am with the people to take them on. The first of those challenges is the 2008 season. I am enjoying working closely with Heikki, Pedro, Gary and the team as we push hard with the development of the MP4-23. We have 57 days to go until the lights go out on the grid at Albert Park and we are motivated to make the most of this time and arrive in Melbourne with a competitive car.”

Via MotorAuthority

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Post tags : lewis-hamilton, mclaren-mercedes, Motorsport, ron-dennis, Special