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Michael Schumacher

Hamilton thanks Mercedes for being patient over his new deal

Formula One champion Lewis Hamilton thanked Mercedes for indulging him as he finally signed a new contract, ending months of stalling and growing speculation over his future.

With his previous contract set to expire at the end of this year, the four-time world champion penned a new agreement until 2020, when the current set of F1 regulations end. No figures were given, but the bumper deal is reportedly estimated at 40 million pounds ($52 million) per year.

Talks began early this year with Toto Wolff, the team's head of motorsport.

Hamilton negotiates his own deals and, by his own admission, he was the one holding things up.

"Obviously it's been drawn out...

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