However, the 33-year-old Briton revealed that he did not sign this new contract, which is worth roughly $100 million, before turning down an offer from a rival team. "Valtteri's performances have been excellent this season and, if not for our mistakes and his misfortune, he could be leading the drivers' championship at the moment", said team principal and CEO Toto Wolff.
"This contract extension has basically been a formality since Toto and I sat down during the winter", Hamilton explained, "so it's good to put pen to paper, announce it and then get on with business as usual". I have never been so confident with my team, after these past races I have never been so empowered and confident by the things that I have learned that we're facing. "His relationship with the team, including Lewis, is open and trusting, without any politics at all".
"[Renault] are the team that are most likely to reach the top six in the future", he added.
Hamilton explained that he had agreed a basic contract by the time of the Monaco Grand Prix in late May, but subsequent delays were due to his own preoccupation with details. His number of wins is second only to seven-time F1 champion Michael Schumacher's tally of 91.
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They'll see how that stadium works, and it's a little bit different with open air (University of Phoenix has a roof that was closed during the 2017 Final Four)".
"I see that as a weakness rather than a whole need to even say anything [in return if we win in Germany]". The 2005/2006 World Champion wants and deserves a drive in a title-winning vehicle but a seat is not going to become available for him amongst the "big three" and the Spaniard deciding to draw his 17 year F1 career to a close at the end of 2018 looks inevitable.
It could prove a huge moment in the title race with Hamilton now eight points adrift of Ferrari ace Sebastian Vettel ahead of Sunday's race in Germany.
"What I enjoy most about working with him is getting to know the man inside the racing helmet", Wolff said.
We're only halfway through the 2018 Formula One World Championship, but Mercedes-AMG Petronas Motorsport has already confirmed its driver line-up for the 2019 season. I really truly believe we are strong enough to come back whatever we are faced with.