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Rosberg signs $74.6 million contract to stay with Mercedes thru 2017

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Nico Rosberg, has signed a new "multi-year" contract to stay on with Mercedes. According to the German newspaper Bild the contract continues through 2017, and is “worth 55 million euros or $74.6 million.” The 29-year old German driver has been part of the team since 2010, when Mercedes-Benz returned to F1, and has won 6 races, earned 17 podiums and captured 8 pole positions during the past 5 seasons, including this year’s e season-opener, the Australian Grand Prix, which he won by a margin of 20 seconds over Daniel Ricciardo (who was later disqualified). Since then he has been locked in a ferocious duel with teammate Lewis Hamilton for the 2014 drivers' title. At present, Rosberg leads Hamilton by a mere 4 points. Hamilton, who joined Mercedes from McLaren in 2013,(replacing the retiring Michael Schumacher) still has 2 more years on his present contract.

This new contract brings us important stability and continuity for the future and I am delighted to be able to make the announcement in time for the home race of Mercedes-Benz and Nico in the German Grand Prix at Hockenheim this coming Sunday,” stated Mercedes motorsport chief Toto Wolff "His speed, commitment and focus have all helped to give clear direction and to drive the team forward. With his performances in 2014, Nico has demonstrated to the outside world what we knew already in the team; that he is one of the very top drivers in Formula One."

"We have an awesome team and I am confident that we have the right people in place at every level. I'm looking forward to the next years together, when we will keep pushing to win even more races and, hopefully, championships," added Rosberg.

With the exception of being forced to retire during the British Grand Prix at Silverstone in Northampton, England earlier this month, Rosberg had finished first or second in every F1 race this season. A win in Hockenheim would not only give him his first Formula 1 victory in his home country, but would also make him the “ first German to win on home soil in a nominally German-manufactured car since 1939.”

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