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.

read alsoMercedes threatens to ban Lewis Hamilton, Nico Rosberg from races

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.