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Lewis Hamilton agrees Mercedes contract extension

Lewis Hamilton has signed a new contract. Credit: PA

Stevenage star Lewis Hamilton has agreed a two-year contract extension with Mercedes through to the end of the 2020 Formula One season.

It ends a long-running contract saga with a deal reported to be worth up to £40m a year to the four-time world champion.

It cements the 33-year-old's status as Britain's biggest sporting earner as well as the best-paid driver in Formula One history.

Hamilton told the Mercedes website the contract had been a "formality since Toto and I sat down during the winter".

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"I have been part of the Mercedes racing family for 20 years and I have never been happier inside a team than I am right now.

"We are on the same wavelength both on and off track - and I am looking forward to winning more in the future and shining even more light on the three-pointed star. I'm very confident that Mercedes is the right place to be over the coming years."

– Lewis Hamilton