Money could be at the heart of the delay in Lewis Hamilton’s re-signing with the McLaren team.

Until now, the British team has indicated it wants the 2008 world champion to stay on board, while 27-year-old Hamilton insists he has no plans to leave and will turn his attention to the 2013 contract soon.

But according to Blick newspaper, McLaren is pushing to cut Hamilton’s existing contract retainer “in half” to “about EUR 10 million”.

The Swiss report said the driver is unimpressed with the negotiations so far, but at least Hamilton’s mood has improved tenfold compared with his calamitous 2011.

It is a full year since Hamilton raged about his “frickin ridiculous” track rivals in the 2011 Monaco grand prix, when he also half-seriously suggested that the stewards were targeting him “because I’m black”.

He is back on top form this season, but still yet to win a race, arguably mainly due to McLaren’s numerous team mistakes.

Reports have suggested boss Martin Whitmarsh, who insists Hamilton “deserves” to win this weekend in Monaco, is worried the mistakes might drive the highly rated racer away.

On Wednesday, however, Hamilton denied he is frustrated.

“I’m not, no. This is the way racing goes sometimes,” he insisted.

“I could easily get frustrated because I could have a healthy lead in the championship — but that’s not the case.

“I don’t want to speak too early but something has definitely changed. Whatever I’m doing is working,” he told British reporters.

“In life, things just seem a lot better and that’s enabling me to get on with my job without having any baggage.”

A favourite for victory this weekend, Pastor Maldonado is reportedly lucky to be gearing up to race in the Principality at all.

Bild newspaper recalls that the Venezuelan, who defied his ‘pay driver’ critics by winning for Williams in Spain two weeks ago, was actually banned after an horror incident on the streets of Monte Carlo seven years ago.

Racing in the Renault World Series in 2005, the then 25-year-old ignored yellow flags before striking and severely injuring a marshal.

Organisers of the Monaco grand prix reacted by banning Maldonado from the street circuit for life.

Germany’s Bild revealed that Maldonado’s wealthy father intervened, promising to pay for the marshal’s recovery and rehabilitation from a broken back.

That intervention saved Maldonado’s future formula one career, as no team would hire a regular driver that cannot participate in the sport’s most famous race.

Maldonado is therefore a favourite for victory this weekend, with his Williams now acknowledged as arguably the best in the entire field when it comes to slow-speed traction.

And in his four seasons of GP2 between 2007 and 2010, Maldonado finished on the podium each time, winning and achieving pole position twice. In 2006, he won in Formula Renault.

Last year, in qualifying for his first Monaco grand prix, he qualified his then struggling Williams in eighth place, comfortably ahead of Rubens Barrichello.

“He is very good at Monaco,” agreed Barrichello.

In the 2011 race, Maldonado was fighting for fifth when he crashed with Lewis Hamilton.

“If the last sector in Barcelona is the marker, then the Williams will be unbeatable in Monte Carlo,” Germany’s Auto Motor und Sport quotes Dr Helmut Marko as saying.

The breakthrough success in Barcelona has piqued the interest of Maldonado’s native Venezuela, having not had an F1 points scorer since the ignominious Johnny Cecotto in 1983.

“My country will be following every second of the next race,” Maldonado is quoted by O Estado de S.Paulo newspaper.

“I love street circuits, this one in particular. My style of driving fits perfectly with Monaco. I am ready to get another great result.”

Last Sunday proved that Pastor Maldonado is no mere ‘pay driver’.

“If he was a fool, he would not be with us, no matter how much money he brings,” Sir Frank Williams is quoted by Brazil’s Globo Esporte.

Venezuelan Maldonado, whose links to the state owned oil company PDVSA and president Hugo Chavez controversially deliver many millions to Williams’ Oxfordshire based team, became F1′s fifth different winner of 2012 last weekend in Spain.

It has helped him to shake off the ‘pay driver’ insult, Williams insisting he is now a potential world champion instead.

“Without a doubt. He is very fast and makes no mistakes,” the newly 70-year-old Briton said.

Williams does, however, acknowledge that Maldonado’s money was a key factor in the decision to sign him.

“Yes, it was to some extent,” he said. “I don’t deny that. But he’s also a real driver. He fully deserves to be on the team, with or without money.

“The truth is that if you don’t have money, you don’t get to be in formula one,” added Williams.

Team shareholder Toto Wolff agrees: “If you want to race in GP2, you need a few million pounds. So, the drivers need not only to be fast and talented, but able to attract the sponsors.

“So let’s forget this thing about ‘pay drivers’,” he insisted.

Triple world champion Nelson Piquet, however, has some lingering doubts.

He ran Maldonado in his own GP2 team some years ago, and this week recalled a driver who was often “too aggressive” and made too many mistakes.

“We’re not talking about a guy who shone in his youth, like Nico Rosberg,” said the famous Brazilian, “or someone like Lewis Hamilton, who always had everything he needed thanks to Ron Dennis.

“In GP2, when you don’t stand out in your second year, you begin to be doubted. In Maldonado’s case, he only shone in his fourth year.

“Perhaps because of this he only made it to formula one as a paying driver, without having anything special, apparently. He was perceived as just a good pilot, but clearly no Alonso.

“Now he was at the right place at the right time but he still managed to beat Alonso in Spain as well as another world champion, Kimi (Raikkonen). So hats off to him.”

Charlie Whiting has defended the decision in Spain to move Lewis Hamilton from pole to the very rear of the grid.

Although McLaren was widely criticised for making a grave error, the stewards’ penalty was at the same time described by the world’s press as “draconian”.

“Quite frankly I did not expect the penalty that we received,” said McLaren team boss Martin Whitmarsh.

Indeed, given that McLaren’s fuel indiscretion occurred only in the decisive Q3, why not simply delete Hamilton’s Q3 laptimes, thereby putting the Briton mid-grid for the race?

“We had no room to move,” Whiting, the FIA’s race director, responded to Germany’s Auto Motor und Sport when told that Hamilton’s penalty seemed too severe.

“If there is a violation, it applies to the whole session, not just part of it,” he insisted. “Qualifying begins with Q1.”

Whiting explained that if Hamilton had only lost his Q3 time, a precedent would have been set tempting teams to risk not being checked for the mandatory 1 litre fuel sample in post-qualifying scrutineering.

Auto Motor und Sport said only one or two fuel samples are actually checked after qualifying at grands prix.

Competitors could, therefore, genuinely “run the risk” of using less fuel than is allowed in Q3, if the penalty for being caught is relatively light, Whiting argued.

He recalled last year’s German grand prix, when Sebastien Buemi was sent to the back of the grid because his fuel sample showed irregularities.

As it was not possible to check if the illegal fuel had also been used in Q1 and Q2, the Toro Rosso driver had to be disqualified from qualifying, Whiting argued.

Martin Whitmarsh is sure McLaren’s recent errors will not affect contract negotiations with Lewis Hamilton.

The British team’s latest mistake not only cost Lewis Hamilton pole in Spain, it put the 2008 world champion to the very back of the grid.

Asked if he worries that the now seemingly constant flow of team gaffes will damage McLaren’s efforts to re-sign Hamilton, Whitmarsh insisted: “No, I don’t.

“He has got to build the support of the team, he has got to feel comfortable doing it, he has got to want to drive and he is in good shape,” British newspapers quote the McLaren team principal as saying.

“I look forward to working with him for a long time to come.”

But Whitmarsh admitted that, given Hamilton’s tumultuous 2011 season, he was worried the British driver might have despaired last Saturday when the team’s refuelling mistake cost the 27-year-old pole.

“I was concerned,” he said, “because it is a pretty tough thing to happen to a driver.

“But I have to say he showed some greatness I had not seen before. By the end of our chat he was consoling me.

“The relationship between Lewis and the team is stronger and better and hopefully we will work together for a long time,” added Whitmarsh.

Even amid the chaos of the 2012 pecking order, the star performer is obvious.

That is the view of former F1 driver Christian Klien, who confirmed to the Austrian news agency APA that one of his current roles is a simulator driver for the sport’s latest winning team, Williams.

“It (2012) is very open,” he said, “but for me Fernando Alonso stands out.”

Equal with Sebastian Vettel, Spaniard Alonso is at the top of the drivers’ world championship, a full eight points clear of Lewis Hamilton.

The Spaniard’s car has been the struggling Ferrari F2012, but he has never finished a race this season lower than ninth (China).

He has therefore scored points at every opportunity, even finishing first and second in Malaysia and Spain respectively.

“Alonso has an inferior car,” Klien explained, “but he uses every single little opportunity.

“He is the most complete driver who gets the most out of the package he has.”

Triple world champion Sir Jackie Stewart agrees that, among arguably the most competitive grid of drivers since the late 80s, Alonso is the standout performer.

“Right now we have the best generation of drivers we’ve had for a while,” the famous Scot told the Spanish sports daily AS.

“Everyone talks about Vettel, who is a great driver, and also Hamilton of course, but there is also Button, Schumacher, Kimi — all champions.

“There are others like Webber who also have the quality to win, young drivers coming up, many of them are very good, but also it is true that Alonso is fantastic.”

Asked why the Spaniard has not added a title to his tally since 2006, Stewart said: “The explanation is easy — he hasn’t had the luck to get the best car.

“Now he has one that isn’t good, but it’s in those circumstances that you see even more the quality that he has,” said Stewart.

Given Alonso’s push to the top of the championship with a sub-standard car, therefore, all the talk about Ferrari writing off the 2012 championship has been silenced for now.

“We have to keep developing the car,” Stefano Domenicali, Ferrari’s team boss, said after Barcelona, where significant upgrades were brought to the F2012 package.

“We are not yet fast enough to consistently fight for the podium, but that is the only option if we want to be in contention for the title,” he insisted.

Five races in, F1′s cleverest brains are still yet to decode the mystery of the bizarre and fascinating 2012 season.

As was the case when he utterly dominated last year, Sebastian Vettel is still leading the drivers’ points chase.

But, before last weekend, if he had been told that Williams’ Pastor Maldonado would be the winner of the Spanish grand prix, the German admitted: “Well, I would have put a lot of money on them!

“I think the odds weren’t bad,” he smiled.

Indeed, the major British bookmaker William Hill was taking bets at 500-1 prior to the Barcelona weekend.

A spokesman confirmed that only two bets at 10 pounds or above were placed on Maldonado prior to qualifying.

“I’m sure Williams don’t understand why they just won the race here,” McLaren’s Jenson Button is quoted by the Guardian newspaper.

But the previously-derided ‘pay driver’ Maldonado is not the only potential new winner in 2012, after Jenson Button, Fernando Alonso, Nico Rosberg and Vettel won the opening four grands prix.

A detailed look at F1′s specialist reporting in the past few weeks shows that Lewis Hamilton, Mark Webber, Kimi Raikkonen, Romain Grosjean, Michael Schumacher, Sergio Perez and Kamui Kobayashi are all also widely regarded as genuine victory candidates in 2012.

And given that their teammates have won grands prix this season, even the struggling Felipe Massa and Bruno Senna should be added to that list.

“Dammit, let’s go for (HRT’s) Karthikeyan!” wrote Chris Hockley in the Sun newspaper.

“It’s really quite crazy right now,” Vettel, who despite his young age would count himself among F1′s currently perplexed purists, told Germany’s Auto Motor und Sport.

“What’s happening is difficult for us to explain,” he added.

The situation has split the F1 audience, with the purists shaking their heads, and others marvelling at the unprecedented spectacle.

“The spectacle has taken over the sport,” said the Paris daily Le Figaro.

“Even the teams can’t be sure who will be the hare and who will be the tortoise at any given track,” wrote Hockley.

Alonso, who is the joint championship leader, is in the purists’ camp.

“Of course it is attractive for the spectators that we are going to Monaco not knowing if we will fight for victory or be left out of the points,” he is quoted by El Pais.

“But in a way, after eleven years in formula one and now I’m at Ferrari, I would like to have more stability,” the Spaniard admitted.

Sir Jackie Stewart said: “What’s going on is unbelievable, which I think is the outcome of the new rules, new tyres — I think it’s many factors,” he told the Spanish sports daily AS.

“What’s happening,” said Maldonado’s race engineer Xevi Pujolar, “is that these tyres are allowing teams who do not have the biggest budgets to be eligible for really good results.

“The reason is that the most important thing now is to have a good setup and also some luck with the temperature.”

Pirelli, F1′s tyre maker, has received both criticism and praise for its huge role.

“Pirelli have been both bold and brave,” Sun journalist Hockley said. “It can’t be easy for a manufacturer to make tyres that sometimes wear out faster than you can say Mercedes.”

Marco Tronchetti Provera, the Italian marque’s company chief, is unapologetic.

“What we have provided is what the teams have asked for, and it was not easy,” Italian language reports quote him saying. “Our engineers have done an extraordinary thing.”

F1′s astonishing season continues to live up to the hype, as a fifth driver and constructor on Sunday won the fifth grand prix of 2012.

Not only is the victory Pastor Maldonado’s first, his walk up the steps at the Circuit de Catalunya was the first taste of the podium in his two-season F1 career.

It’s also the first Venezuelan triumph in the sport’s history, and a hugely popular victory for Williams, the once-great British team headed by Sir Frank Williams, whose 70th birthday was warmly celebrated in the paddock on Saturday.

“Boy did we need that,” said Williams on BBC television.

And asked how he feels on Sky television, he smiled: “Relief.”

“Some said Maldonado was a pay driver and he didn’t deserve his place in formula one but they’ll be eating their words now,” commented former team driver David Coulthard.

“That was a fantastic drive,” added Coulthard, referring to Williams’ first win since Juan Pablo Montoya in 2004.

Williams enthused: “I didn’t see him (Maldonado) make one single mistake.”

“You can’t really fault him,” agreed Williams’ 1996 world champion Damon Hill.

Amazingly, however, away from the champagne, Sebastian Vettel’s sixth place leaves him at the top of the drivers’ championship, and he is now neck-and-neck with Fernando Alonso, who finished second on Sunday in the improving Ferrari.

Lewis Hamilton, who finished dead last on Sunday and finished eighth, is third in the points classification, ahead of Lotus’ Kimi Raikkonen.

Finn Raikkonen finished third on Sunday, and is the favourite to become F1′s sixth different winner of 2012 in Monaco in a fortnight.

“We showed we still have the speed,” the Lotus driver said after the Spanish grand prix. “If we had a few more laps, we could have fought for a victory.”

The penalty might be harsh, but the loss of Lewis Hamilton’s pole in Spain is just the latest calamitous mistake by McLaren.

That was the tone of the paddock’s reaction to the news late on Saturday that a McLaren gaffe saw the FIA send Hamilton from first to last on the Spanish grand prix grid.

The Sun newspaper called it a draconian “24-place grid penalty” imposed by the FIA after an “astonishing cock-up” by McLaren.

Hamilton was told on the radio to pull over after his pole lap due to a “technical problem”.

Sporting director Sam Michael argued ‘force majeure’, but the stewards ruled that it had been entirely McLaren’s fault that not enough fuel was put into Hamilton’s car to ensure a scrutineering fuel sample.

Writing in the Telegraph, Tom Cary said the severity of the disqualification “raised eyebrows”, but agreed that “McLaren’s mistake was horrendous”.

He said it has been “a season of errors” by the famous British team, who are yet to get Hamilton’s signature on a new contract beyond 2012.

“Hamilton must be seething,” read an article in the Daily Mail newspaper, while The Times laid out McLaren’s “catalogue of errors”.

27-year-old Hamilton’s “raw talent is being thwarted by mishap and cock-up,” said journalist Kevin Eason.

“McLaren are lovely people but how the hell do they get themselves in this position?” wrote the Mirror’s Byron Young on Twitter.

Even the non-English language media agreed.

“It was another great mistake by McLaren that could eventually cost Hamilton the championship,” wrote Livio Oricchio in O Estado de S.Paulo.

Italy’s La Stampa called McLaren’s fuel gaffe a case of “harakiri”.

Germany’s Auto Motor und Sport added: “It was error number 13 for McLaren since last year”.

While highly critical of McLaren’s own-goal, however, the feeling in the paddock is that the stewards’ penalty – although accepted by McLaren – was overly harsh.

“Back of the grid? Way, way too harsh”, said the Mirror’s Young on Twitter.

“Draconian penalty in my view,” agreed PA Sport’s Ian Parkes. “Dropping Q3 time would have sufficed.”

Sky commentator Martin Brundle added: “(I) feel they should have deleted that (Q3) laptime only which would have put him sixth”.

And excluding Hamilton from Q3 altogether would have put him 11th. Now, he will be “lucky to score a point”, Auto Motor und Sport predicted.

In the Independent, however, David Tremayne noted: “Welcome to the draconian world of F1.”

David Croft, the lead Sky commentator, said the FIA stewards had acted correctly.

“A good rule should be one that covers all eventualities with a penalty that acts as a deterrent which in this case is what happened.

“Too little fuel can’t be tolerated,” he added. “It seems harsh but had Lewis taken pole by one thousandth of a second, would it be harsh then?”

The Spanish fans – not Hamilton’s biggest supporters dating back to his spats with Fernando Alonso in 2007 – were happy.

Asked on the El Mundo website whether the penalty was fair, 76 per cent answered yes.

Top teams McLaren and Red Bull have questioned whether F1 should have tested last week.

Since the sport clamped down hard on private testing for cost reasons some years ago, there remained many in the paddock – notably Ferrari – who argued that at least some in-season testing should still take place.

So, for 2012, it was agreed that Mugello would host a three-day session in between the Bahrain and Spanish grands prix.

Every team except HRT attended.

But there were rumblings that not everyone was happy. McLaren, in fact, did not even send its race drivers Jenson Button and Lewis Hamilton to Tuscany.

Then, on Friday in Spain, the British team’s regular duo was busily testing in official practice, fielding extravagant sensors and experimental components.

“We would have had a very similar programme whether we went to Mugello or not,” said sporting director Sam Michael.

“All the teams are geared up to not have testing, to not having test teams and that means we’re equipped and do our planning to do all of that work on Friday.

“I think the (Mugello) test itself, personally, I think you could do without it,” Michael continued. “I think it’s a lot of energy and expense during the season that we probably don’t need.

“Of course McLaren will gain a lot out of that test but formula one is all relative, so all we really did was spend a load of money.”

Red Bull’s technical boss Adrian Newey agreed.

“I think we learnt the pasta in Italy is still the best in the world and that’s about it really,” he said when asked about the Mugello test.

“I’d agree with what Sam says. To me, yes you go to the test because it’s available. We all spent money but the value of in-season testing has to be questionable.”

Lewis Hamilton on Friday was told he was lucky to escape penalty in Bahrain.

Nico Rosberg’s defensive driving got the lion’s share of the media attention three weeks ago, but in fact it was Hamilton’s pass on the Mercedes that was a more contentious topic during Friday’s drivers’ briefing in Barcelona.

Germany’s Auto Motor und Sport reported that the topic was discussed between the drivers and the FIA’s Charlie Whiting for no less than fifty minutes.

“In the end, it was resolved that Rosberg did nothing wrong. Lewis Hamilton was (unofficially) reprimanded.

“Charlie Whiting said the McLaren driver was lucky not to have been punished.”

The report said Whiting warned the drivers that similar cases, in which passes are made with four wheels off the circuit, will be penalised.

A tension has crept into F1 drivers’ relationships, as they look ahead to a fiery meeting at the Barcelona circuit on Friday.

Fernando Alonso had given the first hints about the tension when he hit out at Nico Rosberg’s aggressive tactics in Bahrain three weeks ago.

And earlier this week, the Spaniard insisted there is not enough “respect” between the drivers when they are jostling for position at grands prix.

“Fernando made it pretty clear,” world champion Sebastian Vettel told reporters on Thursday. “He said ‘you have to leave the space — all the time you have to leave the space!’”

Rosberg said he is happy if discussions about his driving take place this weekend, but also in the firing line is Lewis Hamilton, who passed the Mercedes driver on the asphalt run-off in Bahrain.

“I was surprised Lewis was allowed to keep his position,” said Mark Webber.

“I’m sure we’ll talk about it in the drivers’ briefing.”

McLaren’s Hamilton insisted he did nothing wrong, but he added: “I’m not really bothered. It’s good to have clarity.

“Mark is probably one of the most – if not the most – outspoken individuals here (in F1), so that is the least I expect from him.”

Also among the most aggressive – and regularly criticised – drivers is Michael Schumacher, and he insisted that the FIA is fully able to make judgements about incidents.

“If it’s not within the rules the FIA would have taken action,” said the seven time world champion, referring to the incidents in Bahrain. “They didn’t and I didn’t see anything wrong either.”

McLaren has made changes to its pit crew and processes, following recurring problems at recent grands prix.

Team boss Martin Whitmarsh launched a full internal investigation after Bahrain, where problems with the fitting of wheels during crucial stops resurfaced.

“We have to try and make sure we pick up on them (the problems) for the next race because we can’t afford to lose points like we did,” said Lewis Hamilton.

One wheel-gun operator got the lion’s share of the blame, but Whitmarsh insisted that McLaren would also “look at the equipment, the process, the approach”.

He told reporters on Wednesday: “We have looked at what we are doing and have made some changes to the team and the process and we’ll see them on Sunday in Barcelona.”

Despite the heat felt by the deposed wheel-gun operator, Whitmarsh reveals he was “astounded” by the number of McLaren mechanics who put their hands up to replace him.

“It reflects well on the spirit of the team. There’s been a reasonable amount of practice and we’ll see at the weekend. I believe we’ll have good stops,” he concluded.

Michael Schumacher has been pipped at the post in the race to be the world’s richest sportsman.

According to the Sunday Times’ annual listings, the seven time world champion’s (US) $823 million in career earnings is beaten only by golf legend Tiger Woods.

American Woods has earned $869 million in his own ultra-successful career, the newspaper found.

And the Sunday Times said the pair have each earned hundreds of millions of dollars more than other high-earning sportsmen, including Michael Jordan ($516m), Roger Federer ($316m) and David Beckham ($258m).

F1′s two other representatives, Fernando Alonso and Kimi Raikkonen, were way down the top-twenty list, with their respective earnings at about $161 million apiece.

McLaren’s world champions Lewis Hamilton ($89m) and Jenson Button ($85m), meanwhile, appear only on the list for British sportsmen, and they are both outpaced by the $129m earned by former Ferrari driver Eddie Irvine mainly through property investment.

However, Hamilton and Button have each earned more in their careers than David Coulthard, Nigel Mansell, former BAR boss David Richards (all $80m) and Sir Jackie Stewart ($67m).

Those earnings, however, are all dwarfed by Bernie Ecclestone’s estimated $4 billion, although the 81-year-old F1 chief executive does not appear at all on the list of the world’s richest overall.

That list is headed by mega-earners like Sauber sponsor Carlos Slim, who according to the Sunday Times is worth $71 billion.

McLaren tested a higher front nose at the Mugello test last week.

Backmarker Marussia aside, the famous British team is the only team in 2012 to have resisted the temptation of running a high ‘step’ nose, in the wake of new safety regulations.

McLaren was the early frontrunner this season with its MP4-27 car, but Jenson Button and Lewis Hamilton struggled notably last time out in Bahrain.

Germany’s Auto Motor und Sport said the team quietly tested the significant nose development on the final day of Mugello testing last Thursday, with test driver Oliver Turvey at the wheel.

The report also speculated that McLaren experimented with an adjustable brake duct system at Mugello, which might be used to regulate tyre temperature for the finicky 2012 Pirellis.

The system would have to be adjusted by the mechanics during a pitstop.