Lewis Hamilton is about to get paid with massive Ferrari contract extension incoming

Lewis Hamilton is expected to sign a contract extension with Ferrari before the Italian Grand Prix at Monza (September 4-6), which would represent a raise on his current reported $60 million per season deal. The announcement follows Max Verstappen signing a four-year Red Bull extension through 2030 worth a reported $107 million base salary with potential total value exceeding $500 million, and Carlos Sainz agreeing a multi-year Williams deal worth €30 million per season. Hamilton's commercial value to Ferrari was previously demonstrated when his signing caused the team's stock price to surge, adding approximately $7 billion to their market valuation.