Lewis Hamilton is suddenly facing a race against the clock to sign his proposed £40million-a-year deal with Mercedes after revolutionary plans to cap driver salaries were approved unanimously by the teams. Hamilton, 35, is out of contract at the end of this season and was expected to commit to three more years, from 2021 to 2023. Lewis Hamilton is facing a race against time to sign a new £40million deal with Mercedes. But if the new rule is ratified before Hamilton signs, he cannot earn £40m beyond the next two years and his earnings would be markedly restricted. Hamilton (above) currently earns £35m a year, the joint-highest salary out of the F1 drivers. Hamilton broke Michael Schumacher’s record of 91 Formula One race wins over the weekend.

Follow MotorMouth on social media:

• 
• 
• 
•