Formula One news

Dennis: Hamilton deserved better salary

McLaren team boss Ron Dennis has said he is happy to see his young driver Lewis Hamilton extend his contract with the team. The team boss, who has been guiding Hamilton since 1997, has said that Hamilton's excellent performance in 2007 deserved him a contract with better financial terms.

Speaking about the team's extended deal with Hamilton Ron Dennis said: "We are pleased to announce that we have extended our contract with Lewis, which will now run for a further five years until 2012. Following our initial Formula 1 agreement with Lewis, which we announced in November 2006, he went on to exceed all expectations for a rookie in Formula 1, even those of us in the team who have known him for over a decade.

"Given Lewis's performances over the course of the 2007 season, it is clear that improved financial terms were fully deserved and this formed part of the friendly negotiations with Lewis's manager Anthony Hamilton. Today's announcement will take the length of our relationship with Lewis to a total of 15 years, which we believe is among the longest running associations between a sportsman and a team in the history of sport, particularly motorsport. Lewis is an exceptional human being, on both a personal and professional level, and will continue to be a credit to this team."

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