Ted Kravitz sneered at the "low-ball offer" reportedly made by Ferrari in an attempt to convince Lewis Hamilton to join.
A report this week claimed the Italian team has prepared a £40m contract offer to tempt Hamilton to leave Mercedes. His current deal with the Silver Arrows expires at the end of this season and Ferrari seem to believe they have a chance of convincing the 38-year-old to start anew.
However, as Kravitz has pointed out, the offer isn't really as significant as it looks. £40m looks like a large sum on paper but, in reality, it is most likely less than what the seven-time world champion earns from his current contract.
