F1: Hamilton to Quit McLaren; to Sign With Mercedes

Former F1 World Champion Lewis Hamilton is all set to cut ties with McLaren and replace Michael Schumacher at Mercedes in a deal worth over £60 million, including win bonuses, for three years. Hammy not being happy at his boyhood team McLaren is a well known fact in the racing world.

The 27-year-old Brit won the Formula One World Champion in 2008 with McLaren.