Hamilton agreed to a salary cut to complete the contract extension but asked for the championship bonus to be doubled

Motorsport.com reported that Hamilton is willing to cut the basic salary, but he hopes that the championship bonus can be doubled, and there is news that Toto Wolfe hopes that the renewal negotiations can be concluded by June 15th. . According to previous media reports, Hamilton's annual salary from the existing contract is 40 million pounds.

The 36-year-old Hamilton has already made it clear that he plans to continue to participate in the F1 Grand Prix after 2021. In April, the seven crown winners have represented Mercedes in the Pirelli 2022 18-inch tire test at the Imola circuit. 

In the F1 Grand Prix this season, due to poor performance on the two street circuits, Hamilton is currently behind the front runner Verstappen by 101 points in the driver's standings and temporarily takes second place.

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