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
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
Honda tops MotoGP’s Sepang Shakedown as Aleix...
No description available...
21h ago from Motorsport.com
Gresini Ducati launches 2026 MotoGP livery
Gresini Ducati has unveiled its 2026 MotoGP livery at its official team...
19h ago from MotorsportWeek.c...
How Alex Marquez overcame MotoGP doubts to finish...
Alex Marquez has revealed he previously questioned his ability to compete...
17h ago from MotorsportWeek.c...
Gresini unveils 2026 livery as Alex Marquez secures...
No description available...
19h ago from Motorsport.com
Popular On IndyCarToday.com
Will Power: Andretti “will be the best team in the...
No description available...
17h ago from Motorsport.com
Donald Trump signs executive order confirming IndyCar...
No description available...
1d ago from Motorsport.com
Cindric returns to Team Penske for 2026 as...
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
New WRC winter tyre expected in 2027 after Monte Carlo...
No description available...
2d ago from Motorsport.com
Why Thierry Neuville struggled in “most difficult”...
No description available...
3d ago from Motorsport.com
More than 10 tuners interested in joining WRC under...
No description available...
5d ago from Motorsport.com
Rally USA return edges closer for 2027 as WRC plans...
No description available...
4d ago from Motorsport.com
Popular On GunnersToday.com
'Every game is a Cup final'- Declan Rice sends title...
Arsenal midfielder Declan Rice has issued a rallying cry to his teammates...
24m ago from SportsKeeda.com
Leeds boss makes 'best in Europe' claim about Arsenal...
Leeds United boss Daniel Farke lauded Arsenal's performance against his...
24m ago from SportsKeeda.com
Report: Arsenal explore swap deal opportunity in...
Arsenal’s long-term attacking plans may be heading towards a crucial...
1h ago from CaughtOffside.com
Mikel Arteta provides Bukayo Saka injury update after...
Arsenal manager Mikel Arteta has spoken about the injury to Bukayo Saka...
2h ago from SportsKeeda.com
Comments
Hottest News
Lewis Hamilton issues Ferrari firm instruction after 'no...
Lewis Hamilton set the fastest time in the... Read More »
1h ago from RacingNews365.com
Oscar Piastri highlights 'different priorities' as McLaren...
Among the teams expecting to be in title... Read More »
2h ago from RacingNews365.com
Red Bull warned 2026 failure could trigger bombshell Max...
Red Bull faces a huge task as an F1 powertrain... Read More »
44m ago from RacingNews365.com


























