F1 » Lowe to join Mercedes at end of year - report

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As you say, they were RD's *first* words on the matter - in June of last year. It seems evident to me that they subsequently negotiated that pay cut up to a pay rise as their final offer. Is Whitmarsh lying in all of those quotes? I personally doubt it. For what it's worth, I agree that McLaren had the money to meet Mercedes' offer, but decided on their valuation of Hamilton and that was that.

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