News Details
F1 set to introduce driver salary cap in 2023
Formula 1 is poised to introduce salary caps in 2023 as part of the wider cost saving measures being implemented in the coming seasons. The exact number has not yet been finalised, however it is believed that teams will be restricted to salaries of $30m between both of its drivers. Next year, a budget cap of $145m will come into effect, however salaries from the drivers and the top three highest-earning employees within a team are excluded from the restrictions. The overall budget cap will be reduced to $135m by 2023, a figure far lower than the originally agreed sum before the economic repercussions of the Covid-19 pandemic. However, teams may be able to offer their drivers a figure that...
Full Story »
Full Story »
4y ago from MotorsportWeek.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...
4y ago from F1i.com
Teams agree on $30m cap on driver salaries
Teams have agreed in principal to the introduction of a $30m cap on...
4y ago from Pitpass.com
Hamilton now facing rush to sign new deal after driver...
Formula 1 is set to introduce a driver salary cap from 2023 following...
4y ago from GPFans.com
'F1 teams vote for limit on drivers' salary, Hamilton...
Lewis Hamilton will probably have to hand in when he signs his new...
4y ago from GPBlog.com
Elsewhere On The Network
Popular On MGPToday.com
Why 2026 is the right time for Ducati to field six...
No description available...
21h ago from Motorsport.com
Fabio Quartararo pushes for Yamaha V4, blames gap to...
No description available...
22h ago from Motorsport.com
Lap times revealed from Ducati's Balaton Park test...
No description available...
1d ago from Motorsport.com
Marc Marquez shares initial reaction to new MotoGP...
Marc Marquez shared his verdict on the new Balaton Park MotoGP circuit...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Nolan Siegel predicts new Arrow McLaren shop will...
Arrow McLaren recently announced details for its new IndyCar race shop,...
18h ago from MotorsportWeek.c...
Alex Palou claims FOX’s investment will be...
No description available...
2d ago from Motorsport.com
How Palou can clinch his fourth IndyCar championship...
Alex Palou is the man of the moment in IndyCar, and currently holds a 121...
2d ago from MotorsportWeek.c...
FOX Corporation acquires one-third stake in IndyCar...
No description available...
1w ago from Motorsport.com
Popular On TotalWRC.com
Future second Asian/Pacific event behind WRC calendar...
No description available...
2d ago from Motorsport.com
Sebastien Ogier sets sights on WRC 2025 title push
No description available...
4d ago from Motorsport.com
Kalle Rovanpera relieved to finally achieve...
No description available...
4d ago from Motorsport.com
Kalle Rovanperä hits the jackpot
Kalle Rovanperä and Jonne Halttunen finally won Rally Finland, laying to...
4d ago from MotorsportWeek.c...
Popular On GunnersToday.com
You need time but you don't have much time
Morning. A very quick Friday blog for you before I try and play golf. It's...
3h ago from Arseblog.com
Real Madrid Transfer News Roundup: Los Blancos set...
Real Madrid appointed Xabi Alonso as Carlo Ancelotti's replacement at the...
4h ago from SportsKeeda.com
Cristiano Ronaldo makes feelings clear about Viktor...
Portuguese superstar Cristiano Ronaldo has given his opinion on Viktor...
2h ago from SportsKeeda.com
Report: Arsenal ‘reignite interest' in Serie A...
There's been news trickling in today that suggests Arsenal still have work...
17h ago from FreshArsenal.com
Comments
Hottest News
F1 News Today: Ferrari fury as 'secret' Lewis Hamilton...
There may be some 'secret' clauses within Lewis... Read More »
3h ago from GPFans.com
Brundle: Can’t see Hamilton enduring two more seasons at...
Former Formula 1 driver Martin Brundle reflected... Read More »
33m ago from GrandPrix247.com
Pirelli F1 chief issues official statement after Colapinto...
Pirelli F1 chief Mario Isola has provided a... Read More »
23m ago from GPFans.com
