The reigning World champion gave his new Ferrari a winning debut in Spain on Sunday as title leaders McLaren were reduced to mere spectators.
No financial details were given. Briton Hamilton, 23, was championship runner-up in his rookie season last year with four wins for the Mercedes-powered team.
FIA said it is looking into incidents involving the Mercedes-powered team 'in light of a possible breach of the International Sporting Code'.
The MP4-18 made its first track appearance this week at the Le Castellet circuit in southern France with Austrian Alexander Wurz at the wheel.
Although Schumacher won Sunday's Austrian GP for his third win in a row this season, McLaren's Raikkonen is still two points ahead of the Fereari ace.
Lewis Hamilton feels McLaren want him to win the Formula One title more than team mate Fernando Alonso.
Following's Verstappen's 2021 title win, here's a list of F1 champions over the years...
The McLarens of Britons Jenson Button and Lewis Hamilton posted the fastest times as Formula One got back to business with the first two practice sessions for the season-opening Australian Grand Prix on Friday.
Seam bowler Ryan McLaren took five for 19 to lead South Africa to a 13-run win over West Indies in their Twenty20 international at the Sir Vivian Richards stadium on Wednesday.
The Formula One gossip factory is in full swing over the future of Lotus driver Kimi Raikkonen. And McLaren are not doing any more to stop the rumour mills surrounding the Finnish driver's next move.
Ferrari got on the podium with Brazilian Felipe Massa taking the third spot.
Hamilton won Formula Three and GP2 (now Formula Two) championships with Vasseur's ART team in 2005 and 2006 before making a spectacular Formula One debut with McLaren in 2007.
Formula One world champion Jenson Button will start next season with a more aggressively designed McLaren than the one Lewis Hamilton struggled with for much of this year.
A teary George Russell celebrated the first Formula One Grand Prix victory of his career in Brazil on Sunday in a one-two finish with Mercedes team mate and seven-times world champion Lewis Hamilton.
The Colombian will not be allowed to compete in NASCAR until his McLaren contract ends, team boss Ron Dennis said.
Honda will return to Formula One in 2015 as McLaren engine partners, replacing Mercedes, sources close to the company said on Wednesday.
Formula One world champion Lewis Hamilton kept McLaren on top for a third straight practice session at the Hungarian Grand Prix Saturday.
The Brawn GP owner, whose team tops both the drivers' and constructors' standings with two wins from two races, told reporters at the Malaysian Grand Prix that his rivals' difficulties were a direct result of last year's title battle.
Max Verstappen added his name to the list of triple Formula One World champions on Saturday after Red Bull team mate and sole title rival Sergio Perez crashed out of the Qatar Grand Prix sprint race.
However, McLaren's David Coulthard warned Button not to be under any illusions.
New McLaren driver Sergio Perez set the fastest lap on the second day of Formula One testing at Barcelona's Circuit de Catalunya on Wednesday.
"The reality check is a race weekend so there is nowhere to hide from that," said the Scot.
Formula One driver Jenson Button had reportedly signed a deal with McLaren for one more year, months ago, and the announcement is set to be made soon.
Lewis Hamilton said Real Madrid player Vinicius Jr as 'incredibly brave' for his response to racist insults in Spain.
McLaren boss Ron Dennis said on Tuesday he had decided to stay at the helm of the Formula One team, ending media speculation that he was about to stand down.
Ferrari and McLaren take battle off the track with their new super cars.
World champion Jenson Button calmly steered his way through the chaos of a wet Chinese Grand Prix for his second win of the season on Sunday, leading Lewis Hamilton to a McLaren one-two.
Formula One championship leader Lewis Hamilton says he would have even driven for free for the team this year.
Force India Formula One team boss Vijay Mallya feels beating McLaren for fifth spot in the team standings will be a 'big task' in the remaining four races of the season.
Formula One served up a thriller in China at the weekend but the lack of fans indicated the sport must do more to sell itself to new audiences, according to McLaren boss Martin Whitmarsh.
Force India's Paul di Resta's race ended prematurely due to a collision while Adrian Sutil finished ninth in the Belgian Grand Prix as Sahara Force India lost its fifth place to McLaren in Spa on Sunday.
McLaren ace Jenson Button has claimed he won't win a single race this season with his current car after finishing ninth in the inaugural Australian Grand Prix on Sunday.
Red Bull's Max Verstappen qualified comfortably faster but dropped five places for a gearbox change.
Formula One and the championship-leading Red Bull team mourned the death of the energy drink company's Austrian founder Dietrich Mateschitz on Saturday at the age of 78.
Max Verstappen clinched his second win of the season as the Australian Grand Prix was halted with three red flags.
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