Two years or five years? £100m or £250m? Lewis Hamilton “closing in” on new contract

The seven-time F1 champion has been negotiating a new de🦋al to keep him at Mercedes beyond the expiration of his current contract 💖at the end of this year.
repor🐭ted on Saturday night that Hamilton is “closing in” on a two-year contract worth £100m, or £50m 𝐆per season.
But 24 hours earlier, repor𝓡ted something substantially💖 different.
They𒁃 insist Hamilton wants a five-y💜ear deal worth a total of £250m which would take him to his 43rd birthday.
The Mail quoted a source saying: “Lewis wants five years, and if it were ju෴st a one-year extension I don't think he'd acce👍pt it.
“They may need to reach a compromise because, while George (Russell) has probably made peace with the idea of Lewis being around for a couple of years, he might not🤪 accept being in the shadow of his 🎉team-mate for the long-term.
“There is always a lure about Ferrari, but Lewis will probably think that his only hope of winning his eigh꧙th title is by stayingꦰ where he is.
“Money is not a delaying factor.”

At least both newspapers agree that Hamilton will be paid £50m per ꦓseason.
Hamilton will start the F1 Canadian Grand Prix behind Red Bull rival Max V🐟erstappen and Aston Martin's Fernando Alonso.
It would be a spectacular night in Montreal if Mercedes could somehow en🐠d Red Bull’s winning streak.
James Allison, their technical director, has been talking up their ambitions for 2024 when a totally reconsidered car could reestablish Hamilton as F1’s No 1 force - bu🧜t only after he pens a new contract.
Both Hamilton and team principal Toto Wolff insist an agree🔯ment is imminent yet it has not arrived yet.

James was a sports journalist at Sky Sports for a decꦏade covering everything from American sports, to ꧟football, to F1.