F1 world champion signs new Mercedes contract for 2021 season
Why only a year?
The duration of the contract is said to have been a mutual request that reflects a desire from both sides to have the flexibility of a one-year deal.
It is also a measure of the lateness of the agreement - it is highly unusual for a contract be agreed so close to the start of the season, especially with a driver of the importance of Hamilton - as well as the uncertainty facing all F1 teams heading into 2021.
This season is the first under a budget cap, initially set at $145m (£114m), but being reduced by $5m a year over the following two seasons, and in 2022 the sport introduces a major change of technical regulations aimed at closing up the field and making the racing closer.
Teams are also in the midst of other major negotiations with wide consequences, such as the possible introduction of an engine-performance freeze from 2022, and a driver salary cap is also potentially on the horizon.
Mercedes, however, emphasise that the decision to set up together with Hamilton a foundation on inclusivity and diversity reflects their shared vision and that the relationship extends beyond a simple contract to drive racing cars.
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I am pretty sure the 1-year contract/extension isn't the last we see of the association. At this point in Lewis' career its all about legacy. So I doubt if that relationship will be broken anytime soon. Its the best-managed team, and with a decent budget and infrastructure.
Besides, where else can an ultra-competitive guy like Lewis go? Ferrari is a dysfunctional team. Red Bull? Mclaren?
He doesn't have many choices.
Plus I bet he has seen what 'retirement' did to Alonso. Some wandering fighter trying al sorts of thrills for excitement for the past few years only to come back.