Mercedes’ Toto Wolff has explained the details of the new contract for Lewis Hamilton after various rumors surfaced in recent weeks in the absence of real information about the new contract.

According to some media reports, Hamilton asked Mercedes for several things that delayed the signing of the contract, including the division of money from TV rights with Mercedes, team share and the veto right of his future teammates, especially Max Verstappen.

After Mercedes and Hamilton announced the signing of the new contract yesterday, Wolff resolutely rejected such rumors, although he admits that he also read them.

“As for the theses from the media, I don’t know where they came from because none of that is true,” Wolff said.

“I even read about it and it was interesting to me, but the truth is there wasn’t any discussion about any driver clauses. He never asked for it in eight years. And that’s the team’s decision.”

“The second clause is about profit sharing. It came out of nowhere. And that rumor is baseless because we never even discussed it.”

“Together we have agreed that it will be a one-year contract. First, there is a significant change in the rules for 2022. Both we and the company want to see how the world develops.”

“On the other hand, it’s also because we left the signing of the new contract for quite late, we wanted to settle it between the two races in Bahrain, but Lewis wasn’t feeling well. In the end, we only started talks before Christmas.”

“It was important to complete the negotiations as soon as possible. That is why we postponed the debate on 2022 and beyond for a later phase of 2021.”

“There are uncertainties in the world that affect the way the sport works and our earnings, and Daimler and Mercedes are undergoing a huge transformation towards electric mobility and that requires investment.”

“But Lewis and I are fully alligned and there has never been disagreement.”

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