Lewis Hamilton 'agrees new Mercedes deal'

ByAutoSport

Updated 20/05/2015 at 11:13 GMT

Lewis Hamilton and the Mercedes Formula 1 team have agreed a new deal to continue their partnership, which will be announced in Monaco.

Mercedes Formula One driver Lewis Hamilton of Britain celebrates with champagne

Image credit: Reuters

The reigning world champion's protracted contract negotiations have been a major talking point during the 2015 season.

Hamilton's team-mate Nico Rosberg announced an extended deal last summer, but talks with Hamilton were paused during the 2014 title fight and then dragged on through the opening grands prix of this year.

It is said his new contract will be worth up to £30 million a year for three years, once bonuses are taken into account.

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Lewis Hamilton leaves teammate Nico Rosberg in the background

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Hamilton joined Mercedes for the 2013 season after spending his F1 career up to that point with the McLaren team that had nurtured him through junior racing.

The 30-year-old Briton has taken 15 grand prix wins since coming to Mercedes and added last year's drivers' crown to his 2008 title with McLaren.

He heads into this weekend's Monte Carlo race with a 20-point lead over Rosberg in the standings.

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