Multi-million dollar Hamilton contract to be sorted over coffee

Mercedes team boss Toto Wolff has revealed that Lewis Hamilton's multi-million dollar contract will be sorted out in "half an hour" over a cup of coffee.

After weeks of reports and speculation that Ferrari were going to snap up the seven-time world champion for a whopping $40million+ move, Hamilton confirmed he is going to "wrap things up" with the Silver Arrows boss

"I'm meeting with Toto to wrap things up," confirmed the 38-year-old to Krone.at

Although Wolff has previously admitted that negotiations with Hamilton would be "uncomfortable", the Austrian believes they'll be able to sort things out swiftly.

"We'll sit down for half an hour over a coffee, and then it will be sorted." said the Mercedes CEO.

READ MORE: F1 Driver Salaries: How much do Hamilton, Verstappen and co earn?

According to Racingnews365.com, Hamilton currently earns $20 million a year less than what rival Max Verstappen earns. Which according to Helmut Marko, "annoys" the Briton.

"Lewis is far from happy about no longer being the highest-paid driver in Formula 1," said Marko to F1 Insider back in May.

"That title now belongs to Max Verstappen. At least with Ferrari's help, he could change that."

After changing their aerodynamic concept, Mercedes finished with cars on the podium at the Spanish Grand Prix, picking up a total of 33 points to Ferrari's 10.

The allure of Ferrari may have tempted Hamilton initially, however, he will be staying loyal to the Brackley-based team as they look to return to the heights of their eight-year dominance.

READ MORE: Who is Helmut Marko? The genius behind Red Bull rise to power

Related

More F1 news

Latest F1 news

F1 star announces engagement with gorgeous proposal pictures

• Yesterday 22:30

Red Bull F1 design chief outlines plan to win in 2026

• Yesterday 21:45

Lewis Hamilton gearing up for F1 title showdown: 'Ferrari are pushing hard'

• Yesterday 20:54

Rachel Brookes breaks silence on Sky Sports F1 exit

• Yesterday 19:45

Adrian Newey is building an Aston Martin title winning car and here is the F1 star who will drive it

• Yesterday 18:45

Carlos Sainz confirms contract talks as F1 star admits he’s unsure over Williams future

• Yesterday 17:26