Nico Rosberg extends contract with Mercedes through 2018

Nico Rosberg of Germany and Mercedes GP seen walking to the garage during practice for the Formula One Grand Prix of Hungary at Hungaroring on July 22, 2016 in Budapest, Hungary.

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Nico Rosberg has finally agreed to a two-year contract extension with Mercedes.

The team announced it by posting a video on Twitter showing the German signing a piece of paper alongside a smiling Toto Wolff.

Later, a statement said simply: “We are delighted to announce that the Mercedes AMG Petronas Formula 1 Team has signed a two-year contract extension with Nico Rosberg for the 2017 and 2018 Formula One seasons. Nico has been a core member of the Silver Arrows since the team returned to the sport in 2010 and has played a crucial role in the team’s success in that time.”

Negotiations have been ongoing for some time, with Gerhard Berger working as an advisor and helping Rosberg to get a better deal.

Thursday, when referring to the drawn out discussions, Rosberg noted: “Of course you need to be careful, because it can influence and take some energy away, but I think from my side with the experience that I have now I know how to handle it, and in my part I have Gerhard Berger who is handling it for me, specifically to make sure that I don’t lose any focus on the racing and to get the best out of it.”