Lewis Hamilton agrees two-year contract extension at Mercedes

Reigning Formula One world champion Lewis Hamilton has signed a two-year contract extension at Mercedes and will rema...

Posted: Jul 19, 2018 11:53 AM
Updated: Jul 19, 2018 11:53 AM

Reigning Formula One world champion Lewis Hamilton has signed a two-year contract extension at Mercedes and will remain with the team until the end of 2020.

The deal is reported to be worth $52 million per year, further enhancing the 33-year-old's status as Britain's highest-paid sportsperson.

Briton said extension was a "formality"

Hamilton regarded as an all-time great

The 33-year-old has won four world titles

As far as Hamilton was concerned, the extension had been "a formality" ever since he sat down with Mercedes executive director Toto Wolff "during the winter."

"I have been part of the Mercedes racing family for 20 years and I have never been happier inside a team than I am right now," said the four-time world champion, who currently trails Ferrari's Sebastian Vettel by eight points at the midway point of this season's title race.

"We are on the same wavelength both on and off track - and I am looking forward to winning more in the future and shining even more light on the three-pointed star. I'm very confident that Mercedes is the right place to be over the coming years."

Hamilton went on to express his belief that the team is "hungrier than ever," from the boardroom to the pit lane, as they chase a fifth consecutive Constructors' Championship.

"The competitive passion that burns bright inside me is shared by every single member of this group, always chasing the next improvement and digging even deeper to make sure we come out on top," said Hamilton.

"I can't wait to see what we can achieve together in the next two-and-a-half seasons."

READ: Vettel wins British GP to extend F1 lead

READ: How veganism helped fuel Hamilton to glory

An 'all-time great'

Mercedes had teased the announcement on social media earlier Thursday, tweeting an image of an unsigned contract.

Wolff said there had been little doubt his star driver would renew ever since they first entered talks at the end of last season, admitting it was a relief to put the speculation "to rest."

"We signed the final documents this week and didn't want to keep people waiting any longer," said the Mercedes boss.

"There is not much about Lewis as a Formula One driver that hasn't been said already -- he is one of the all-time greats and his track record speaks for itself.

"But what I enjoy most about working with him is getting to know the man inside the racing helmet: his relentless drive for self-improvement, his emotional intelligence as a team member and his loyalty to those around him."

Hamilton was already 12th on the list of the world's highest-paid athletes compiled by business magazine Forbes in 2018, boasting endorsement deals with the likes of Tommy Hilfiger, Sony and Puma.

The only other F1 drivers in the top 50 are Vettel (18th) and McLaren's Fernando Alonso (39th).

Visit CNN.com/sport for more news and features

Widely considered one of the greatest drivers of all time, Hamilton has competed in 218 Grands Prix since his F1 debut in 2007. He's made the podium 124 times, crossing the line first on 65 occasions, while no other driver in history has secured as many pole positions as the Briton.

Mississippi Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 13260

Reported Deaths: 625
CountyConfirmedDeaths
Hinds89324
Lauderdale67855
Madison65421
Scott58910
Neshoba51231
Forrest48034
Jones46713
DeSoto4616
Leake38410
Holmes36523
Rankin3496
Jackson29613
Copiah2784
Attala27014
Lincoln24320
Monroe24224
Leflore24025
Harrison2346
Newton2243
Lamar2194
Yazoo2152
Pearl River20327
Pike19611
Adams18615
Lowndes1607
Noxubee1586
Washington1535
Warren1506
Bolivar14010
Jasper1393
Oktibbeha13410
Smith13110
Covington1271
Chickasaw12612
Clarke12616
Kemper12510
Lafayette1233
Carroll11310
Wayne1090
Marion1088
Lee1045
Clay993
Winston981
Coahoma983
Lawrence901
Hancock8711
Simpson850
Itawamba857
Yalobusha824
Wilkinson829
Montgomery781
Sunflower773
Grenada752
Jefferson Davis712
Union715
Tippah7011
Marshall693
Panola622
Calhoun604
Tate591
Claiborne581
Humphreys537
Amite521
Walthall510
Tunica483
Perry462
Jefferson400
Prentiss383
Stone300
Choctaw292
Webster271
Pontotoc263
Franklin252
Tishomingo250
Quitman240
Tallahatchie241
George191
Alcorn151
Benton140
Greene71
Sharkey70
Unassigned00

Alabama Coronavirus Cases

Confirmed Cases: 14478

Reported Deaths: 551
CountyConfirmedDeaths
Mobile1996109
Jefferson161488
Montgomery118630
Marshall6499
Tuscaloosa50512
Lee49832
Franklin4476
Shelby43319
Tallapoosa39662
Butler34411
Chambers33623
Madison2964
Baldwin2749
Elmore2637
Etowah23610
DeKalb2213
Coffee2001
Walker1981
Dallas1973
Sumter1916
Lowndes18610
Houston1644
Morgan1621
Autauga1593
Calhoun1413
Choctaw1414
Pike1360
Colbert1362
Marengo1336
Hale1293
Russell1280
Lauderdale1282
Randolph1257
Wilcox1187
Marion11310
Bullock1111
Barbour1101
Clarke1022
St. Clair1021
Pickens934
Talladega912
Greene894
Chilton871
Dale830
Cullman760
Limestone740
Jackson692
Covington651
Washington645
Winston620
Macon602
Bibb591
Crenshaw582
Henry562
Blount491
Escambia433
Lawrence420
Coosa331
Geneva330
Cherokee332
Perry310
Monroe282
Clay272
Conecuh251
Lamar200
Cleburne131
Fayette110
Unassigned00
Tupelo
Few Clouds
73° wxIcon
Hi: 87° Lo: 69°
Feels Like: 73°
Columbus
Clear
73° wxIcon
Hi: 89° Lo: 69°
Feels Like: 73°
Oxford
Clear
72° wxIcon
Hi: 85° Lo: 67°
Feels Like: 72°
Starkville
Clear
70° wxIcon
Hi: 86° Lo: 64°
Feels Like: 70°
WTVA Radar
WTVA Temperatures
WTVA Severe Weather