Lewis Hamilton and Mercedes-AMG Petronas F1 Team have agreed on a new contract that will see the seven-time Formula 1 world champion continue to drive for the team in 2021.

Hamilton, who has been with Mercedes since 2013, has become one of the most successful and dominant drivers in the sport’s history. With a record-breaking 95 career wins and seven world titles, the British driver has solidified his place as one of the all-time greats.

The new contract comes after months of negotiations between Hamilton and Mercedes. There was much speculation about Hamilton’s future in F1, with rumors circulating that he may retire or switch teams. However, the announcement of the new contract puts an end to those rumors and ensures that Hamilton will continue to race for Mercedes next season.

In a statement released by Mercedes, team principal Toto Wolff expressed his excitement about the contract extension, saying, “We have always been aligned with Lewis that we’d continue but the very unusual year we had meant it took some time to finish the process.”

Hamilton also expressed his happiness about the new deal, saying, “I am excited to be heading into my ninth season with my Mercedes teammates. Our team has achieved incredible things together and we look forward to building on our success in 2021.”

The new contract will see Hamilton continue to be the highest-paid driver in Formula 1, with an estimated annual salary of around $40 million. In addition to his on-track success, Hamilton has also been a vocal advocate for social justice and diversity in the sport, using his platform to raise awareness about important issues.

With the new contract in place, Hamilton and Mercedes will be looking to continue their winning ways in 2021. The team has dominated the sport in recent years, winning seven consecutive constructors’ championships, and Hamilton will be hoping to add to his record-breaking tally of wins and titles.

Overall, the agreement between Lewis Hamilton and Mercedes-AMG Petronas F1 Team to continue their partnership in 2021 is great news for F1 fans and ensures that one of the sport’s greatest talents will continue to showcase his skills on the track for another season.