Lewis Hamilton could be set for a pay-cut following the economic downturn caused by the coronavirus pandemic.
The F1 world champion has not started talks over the new deal because he feels uncomfortable speaking about it when people are losing their jobs.
Hamilton's current contract, believed to be worth around £40million a year, is due to expire in December.
But the Brit's moral compass has kicked in after last month Merc's owners Daimler said they needed to cut more than the 15,000 jobs they had previously announced.
He said: “Ultimately, it honestly doesn't feel like the right time to sit down and talk about it.
“When you think about so many people in the world who have lost their jobs, people unemployed, and to sit down and negotiate a big contract, it doesn't feel like the most important thing that I need to apply time to at this second.
“I do want to continue with the team and it is not a big effort for us to sit down and get it done.
“It is just right now I don't feel comfortable about it so I am going to wait a little bit longer.”
GOOD EVENING FORMULA ONE FANS,
Lewis Hamilton kept his cool in remarkable fashion as he drove to British Grand Prix victory on three wheels.
The Brit's front tyre completely gave way on the final lap at Silverstone, and he just about nursed the car home with sparks flying everywhere in a heart-stopping finale.
The victory bumped the Mercedes man's lead at the top of the championship up to a healthy 30 points.
He said afterwards: “That is the most dramatic ending to a race I remember having.
“It was heated, a real challenge. I was super cool during the whole experience.
“I guess it hadn’t really sunk in, then afterwards it started to dawn on me what I had just faced so I had a delayed reaction.
“There was the race in Formula Renault where the rear suspension had snapped, I remember driving through the corners with one wheel in the air.
“I still managed to win just, I don’t know how. It was similar today but it was much more extreme.”
Meanwhile, Kevin Magnussen has explained why he did not take a knee ahead of the British Grand Prix last weekend – when he had done so in the previous three races.
The Dane decided to stand with the other six drivers ahead of the race at Silverstone for the anti-racism message.
He said: “I think in terms of standing or kneeling, I want to make sure that I'm with the messaging of ending racism.
“I support that movement, and not any sort of political organisation that I think the Black Lives Matter movement is.