Would be very surprised if Williams offered JV £12m a couple of years later (unless it was a multi year amount))
Oh they did Williams himself said they offered to match JV's BAR retainer to get him to stay. Williams himself said it wasn't about money.
I actually thought that Hill was prepared to take less. In the end he went to Arrows (was it?), where he was paid £7M. Many people including myself, felt that he sold out. I don't know how much of it is true and how much of it is just made up..
It was well known at the time he wanted 10 million as a champions wage. He was upset that they didn't bump his wages, Williams has said the decision to get rid of hill was taken in 95 when he bummed around in the best car.
Mclaren offered Hill a tongue in cheek wage of £1 million per win or something like that. He took that as an insult and went to arrows as the only seat left and for the money.
Every year I hope for some sort of rivival from Williams if only to stop them going bust