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Hamilton signs $138m McLaren contract


23 year-old Lewis Hamilton is set to drive for Mclaren until 2012 in a US$138m deal. British tabloid News of the World claims that Hamilton will make an average of more than US$27m per season for the next five years, despite making just US$700 000 plus points bonuses while he raced to second place in the drivers' championship in 2007. The newspaper says the McLaren driver's basic 2008 salary will be US$17m with an additional US$6m if he can spearhead the Mercedes-powered squad's first title since Mika Hakkinen in 1999.

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