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Lewis Hamilton resigns with McLaren for $138 million

Reports are coming in that Lewis Hamilton, the phenom F1 driver that nearly won the drivers' championship last season, has resigned with team McLaren for a reported $138 million USD over the next five years. The deal keeps the now 23-year-old at McLaren through 2012, though he's said he would stay put for his entire career if they wanted him to (and paid him to). On average, Hamilton will earn $27 million per year through 2012, which is a big raise compared to the $700,000 base pay plus bonuses he earned last year, his rookie season. Looks like all that money used to pay F1 star Fernando Alonso last season will be going to Hamilton now, despite the fact he couldn't beat the Stig around the Top Gear test track.
[Source: Motor Authority]

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