The German newspaper Bilt reveals this morning that negotiations between Formula One team BAR and Jordan driver Ralf Schumacher have ended successfully, a contract has been prepared and all that is left is for Ralf Schumacher to sign it. The paper further reports that BAR is hoping to announce Ralf's recruitment at the next Grand Prix in Hungary.

According to the German paper, 23 years old Schumacher is offered a 2-year deal with the team, with a third year option. He will get 6 Million DM (approximately 3.4 million US$) for the first year, and 8 million DM (approximately 4.5 million US$) for the second year. The paper also reveals that the contract ensures Ralf Schumacher an equal status to BAR's already signed driver, current World Champion Jacques Villeneuve.

The paper quotes BAR team manager, Craig Pollock, as saying that he wants Ralf Schumacher because he is impressed with the progress the Jordan driver made this year, but also because he is appealing to German fans and sponsors.  Young Schumacher himself, however, is reported to be hesitant. He says he is satisfied with his current team, Jordan, but also says he is sure BAR will succeed very fast.

Note:  this story has not been confirmed by Atlas F1