Mercedes team boss believes that Lewis Hamilton's market value 'incredibly high'

Lewis Hamilton (Joe Portlock / Getty Images)
Lewis Hamilton (Joe Portlock / Getty Images)
Joe Portlock

• Lewis Hamilton won a record-breaking 92 races in F1.

• The driver is yet to sign a new contract with his Mercedes team.

• Team boss Wolff believes Hamilton's market value has increased.

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Toto Wolff admits that Lewis Hamilton's market value is currently "incredibly high".

The six-time world champion, who is cruising towards equalling Michael Schumacher's seven titles this year, broke Schumacher's record of 91 wins in Portugal on Sunday.

And yet, he is still yet to sign a new contract for 2021 and beyond.

Not done yet

Indicating that he would prefer a one or two-year deal rather than a longer one, Hamilton said: "I still want to race, but I don't know for how much longer. All I can say is that I plan to be here next year."

According to Hamilton's former Mercedes team mate Nico Rosberg, he thinks the hold-up could be because Toto Wolff is also yet to re-commit to the team contractually.

Rosberg told RTL: "Lewis is convinced that Toto is an important part of the success of the team, and that's true. Toto absolutely is. If he (Wolff) leaves, it could start a chain reaction."

READ: Get in there, Lewis! Hamilton wins Portuguese GP, rewriting F1's record books

Others, though, think Hamilton is demanding a pay-rise based on his latest record achievements, even in the midst of the corona crisis and team parent Daimler's cost-cutting.

When asked about Hamilton's market value on Sunday, Wolff told reporters: "You're right, the value of Lewis is incredibly high at the moment. It looks like we'll have to sell the motorhome to pay for his services."

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