The seven-time world champion is currently waiting for his lawyers and Mercedes representatives to clarify the final elements of a new deal that will commit him to F1 for the next few years.
Speculation has arisen due to delays in finalizing the contract, suggesting that certain aspects of the deal have proven challenging to resolve.
Recently, a matter that has emerged is the proposal regarding Hamilton’s desire to establish a long-term ambassador position with Mercedes once he retires.
During his speech at the Belgian Grand Prix, Wolff emphasized that the new contract primarily revolves around Hamilton’s role as a driver.
Wolff clarified that discussions do not involve a post-retirement ambassadorial position or any contractual negotiations related to it.
“I believe he still has several years ahead of him as a driver for this team, so it’s just a matter of tidying up the contract.”
“I understand that it may appear somewhat uncertain and why hasn’t this been completed yet? However, the reason behind it is simply minor details that require attention and clarification in the contracts.”
Lewis Hamilton, Mercedes F1 W14
Photo by: Steven Tee / Motorsport Images
Wolff and Hamilton have recently clarified that there are no significant obstacles to finalizing the agreement, and now it is simply a matter of resolving the legal details.
At the Hungarian GP, Hamilton mentioned that he no longer had control over the progress of signing the contract.
“I haven’t been involved throughout,” he stated. “I’ve been detached from it since the start. I preferred to concentrate on my other commitments, allowing the team to handle it behind the scenes.”
“There is no negotiation left. It is all just small bits.”
Wolff himself has backed up that viewpoint by saying that the involvement of lawyers at this stage meant it was impossible to state when things would be completed by.
“I am unable to provide a specific date as this is a conversation between legal professionals,” he explained. “The matter at hand is no longer tangible, so it requires patience and I am hesitant to set a specific date.”