News Details
Teams agree on $30m cap on driver salaries
Teams have agreed in principal to the introduction of a $30m cap on drivers salaries to be introduced in 2023. The move will follow the introduction of a $145m racing budget to be introduced next season as part of the sport's efforts to level the playing field and entice new teams. However, in a move with which aficionados of Fantasy F1 games will be familiar, the $30m budget planned for 2023 would cover both drivers. Consequently a team could employ two drivers at $15m apiece or one at $25m and the other at $5m. Or, as is rapidly becoming the norm, Dad buys the team and the full $30m is splashed out on the star driver. Hard to believe but the $145 budget to be introduced next year does...
Full Story »
Full Story »
5y ago from Pitpass.com
0 Comments
You May Also Be Interested In...
F1 teams agree to cap drivers' salaries from 2023!
Formula 1 teams have reportedly agreed to introduce a $30m cap on...
5y ago from F1i.com
'F1 teams vote for limit on drivers' salary, Hamilton...
Lewis Hamilton will probably have to hand in when he signs his new...
5y ago from GPBlog.com
Hamilton now facing rush to sign new deal after driver...
Formula 1 is set to introduce a driver salary cap from 2023 following...
5y ago from GPFans.com
Mercedes-Benz raise Aston Martin stake to up to 20% by...
Daimler unit Mercedes-Benz is to lift its stake in Britain's Aston Martin...
5y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Johann Zarco criticises MotoGP radio system: “It’s...
No description available...
1d ago from Motorsport.com
Jorge Martin reveals what’s ‘really difficult’...
Jorge Martin admits it was “really difficult” to make changes aboard...
1d ago from MotorsportWeek.c...
Francesco Bagnaia ‘surprised but happy’ ahead of...
Francesco Bagnaia admitted he was “surprised but happy” about the...
2d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Mick Schumacher makes IndyCar switch with RLL in 2026
No description available...
23h ago from Motorsport.com
Mick Schumacher joins RLL in IndyCar switch
Rahal Letterman Lanigan Racing has announced that Mick Schumacher will...
23h ago from MotorsportWeek.c...
Alex Palou’s Indy 500 win immortalized on...
Alex Palou’s likeness has been added to the iconic Borg-Warner Trophy,...
5d ago from MotorsportWeek.c...
Popular On TotalWRC.com
How the much-missed Richard Burns scaled the WRC...
No description available...
3h ago from Motorsport.com
On this day in 1995, Colin McRae became the UK’s...
No description available...
3d ago from Motorsport.com
Why Lancia is returning to WRC in Rally2 and what it...
No description available...
6d ago from Motorsport.com
How Adrien Fourmaux’s WRC Japan exit proves mental...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Sources: 'Serious interest' as Liverpool eye ambitious...
Liverpool have a strong interest in an ambitious potential transfer move...
3h ago from CaughtOffside.com
Arsenal v Bayern offers a stark reminder of the shift...
years ago Arsenal were thrashed by the Bavarian giants – now Mikel...
5h ago from TheGuardian.com
A fun Premier League weekend + a bit of re-watching
Morning. This round of Premier League fixtures finished last night with...
5h ago from Arseblog.com
Explained: How Arsenal took advantage of Frank’s...
Jamie Carragher and Roberto Martinez explain how Arsenal took advantage of...
17h ago from SkySports.com
Comments
Hottest News
F1: Jos stirs the pot
Jos Verstappen believes Las Vegas saw McLaren pay... Read More »
1h ago from Pitpass.com
Why a Horner-Newey reunion would be bad news for Aston...
A reunion between a pair of F1 legends who... Read More »
1h ago from GPFans.com
Yuki Tsunoda vows he was faster than Max Verstappen...
Yuki Tsunoda has declared the Las Vegas GP was... Read More »
1h ago from MotorsportWeek.com




























