Lewis Hamilton set to take massive pay cut in new deal

Lewis Hamilton is close to signing a new contract with Mercedes that would see him earn £10m LESS than he currently does, according to The Sun.

The 36-year-old has established himself as one of the greatest F1 drivers of all time, having won seven world championships. A lot of his success has come with Mercedes, who he joined back in 2013.

Since that move, which was deemed a risk at the time, he has gone on to win four successive championships and still has a chance of claiming a fifth in a row this time around.

Hamilton’s current contract with Mercedes, which he signed just 10 months back, expires this year, but it has been claimed that he is close to signing a new deal that could see him earn £30m a year, £10m less than what he reportedly earns at present.

The 36-year-old himself told The Sun a few days back that positive discussions have taken place.

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