Following the Malaysian Grand Prix 11 days ago Hamilton claimed the contract, worth an estimated ??21million per year, was “99.6 per cent done” and in the hands of his lawyers.
But the fine print of the terms and conditions means Hamilton, who opted on this occasion – and for the first time in his career – to negotiate for himself without an agent, is taking time to iron things out.
It has resulted in Hamilton reading numerous draft copies of the deal in recent weeks given its intricacies he claims spread over 80 pages, a time-consuming exercise he says has become “a pain in the backside”.
Hamilton, however, has made clear he is completely at ease with the situation, with no pressure on either side to finally sign off on the paperwork that will tie him to Mercedes until at least the end of 2017.
“There are still points to be agreed upon. It’s back and forth,” said Hamilton.
“There are no real issues and over the past week I’ve not really been doing too much contract reading.
“I don’t really feel particularly rushed. We’ve agreed we want to stay together and I’ve the rest of the year if I want to take that.
“We’ll get it done at some stage.”