Ferrari is set to offer Lewis Hamilton a rather lucrative deal as it seeks to make one of the biggest moves in Formula 1 history.
Despite confidence from Mercedes, Toto Wolff and Lewis Hamilton that Hamilton is continuing his career with the Silver Arrows, Ferrari still believes they can pull the 38-year-old away. This move can shake things up very well Formula 1 quite dramatically.
Proposed offer it is said to open at $75 million. However, that is not enough to encourage Hamilton to wear red in 2024.
The salary offered by Ferrari is said to be close to what the Brit currently earns at Mercedes.
A large salary will not encourage Lewis Hamilton to drive the SF-24 in the 2024 Formula 1 season.
There are many other factors that keep him from signing a pen at Ferrari. Aside from the salary similarity between the two teams, a move to Ferrari would be a step down in many respects.
First, you have the efficiency and quality of management. Mercedes is filled with several top-level people involved in the managerial and strategic aspects of the team, many of whom have been there for many years. Thanks to this, the management of Mercedes during the season and during the races was at the highest level.
Compare that to Ferrari, which has made a number of management changes in the recent past and has lost several key team members to other teams on the grid, something Hamilton may not be too excited about.
Another key aspect that separates the two teams is the car. Since Hamilton joined Mercedes ten years ago, the Brackley-based team has built a better car than Ferrari in almost every season. Even with the Mercedes W14 struggling, the SF-23 seems to be a disappointment compared to last season’s Ferrari.
Despite Hamilton making clear his intentions to continue his career at Mercedes, nothing is certain until he signs a new contract. But Ferrari’s anticipated bid won’t be enough to convince him. Ferrari, which is behind Mercedes in several respects, is a good indication that a switch from Hamilton’s allegiance to Ferrari in 2024 is unlikely.