Nov.29 (GMM) Lewis Hamilton has admitted he may soon be ready to sit down with his boss and sign a new contract beyond 2012.

The 2008 world champion has had a tumultuous season on and off the track, while his teammate Jenson Button finished behind Sebastian Vettel in the drivers' championship and inked a new long-term deal.

But British newspapers insist McLaren is keen to extend Hamilton's contract as well, even though the 26-year-old said he is in "no rush".

"I don't think there is any real pressure about my commitment to the team so there is no rush to have to do anything," he said.

"Martin (Whitmarsh) has spoken to me about re-signing already. I know it is there. At some stage, when we have time, we will sit down and discuss it," said Hamilton.

The Mirror said his new contract will be worth about $23 million a year.

"It is more than likely I'll stay," he is quoted by the Sun.

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