F1 rival slams ‘unacceptable’ Lewis Hamilton contract which is 250 times more than others

Haas driver Romain Grosjean has used Lewis Hamilton’s contract as an example to take aim at the large discrepancy in driver salaries in Formula One. Hamilton signed the biggest contract in F1 history back in 2018 in a deal worth a reported £40million-a-year.

That contract expires at the end of the season with reports emerging that Hamilton is demanding similar terms for another extension.

But the six-time world champion has hit back at those reports, insisting no talks with Toto Wolff have taken place yet.

“Morning. So the media keep writing about contract and me making demands but I haven’t even spoken with Toto about it yet,” Hamilton wrote to his 17.3m followers on his Instagram story.

“No demands, the conversation hasn’t even begun. So please stop making sh*t up.”

JUST IN: Fernando Alonso to Renault confirmed in emotional F1 return

LATEST LIVE SPORT TV DEALS

Get Sky Sports for just £25 per month for 3 months

Get BT Sport for HALF PRICE

 

Still, his £40million is the biggest contract in Formula One history while Sebastian Vettel reportedly makes £37m at Ferrari.

Further down the grid though and drivers earn a lot less in a single season with both Antonio Giovinazzi and George Russell reportedly earning £180,000 this season.

Driver salaries have been a hot topic over the past week and whether they should be included in Formula One’s budget cap moving forward.

And Grosjean, a director of the Grand Prix Drivers’ Association (GPDA), finds the huge variance in driver salaries “unacceptable”.

DON’T MISS

Lewis Hamilton backs F1’s ‘powerful’ racism message

F1 2020 driver numbers: Why is Hamilton No 44? Full list of numbers

F1 driver salaries: How much do Hamilton, Vettel, Verstappen earn?

READ MORE

  • Max Verstappen up for Sebastian Vettel return as Red Bull boss speaks

“We had this talk in the GPDA,” he told Autosport.

“Some were in favour, others were against.

“I do think it’s unacceptable that Lewis Hamilton earns more than €40 million while some drivers earn €150,000 a year for the same job.

“However, what was pointed out was that if we cap drivers’ salaries, we break the whole ladder of motorsport.

READ MORE

  • Mercedes confirm decision on Vettel being Hamilton’s team-mate

“Who would invest money in young driver programmes to pay for their racing if they can’t get their money back by taking a percentage of the drivers’ high wages? That’s the debate.

“Personally, I wasn’t necessarily against the idea of having drivers’ salaries in the budget cap.

“But then, for sure, you would question what manufacturer or manager would come and spend a fortune on a driver only to take back 20 percent of something that is capped, so never get their money back.”

This article contains affiliate links, which means we may receive a commission on any sales of products or services we write about. This article was written completely independently, see more details here

Source: Read Full Article