News Details

Verstappen's manager slams salary cap idea

May 29 Max Verstappen has slammed as 'idiocy' plans to enforce a driver salary cap in Formula 1. As a debate rages in the paddock about whether rampant inflation should bump up the $140 million per-team budget cap in 2022, it emerges that also under discussion is a separate limit on how much drivers can be paid. Ferrari boss Mattia Binotto confirmed the talks. 'These discussions will take time,' he said at Monaco, 'as you have to deal with the existing contracts.' According to the Dutch newspaper De Telegraaf, the salary cap idea is also already opposed by Red Bull and even Liberty Media. 'Total idiocy,' said Verstappen's manager Raymond Vermeulen when asked about the salary cap proposal....
Full Story »
Share

You May Also Be Interested In...

‘Many teams' will break budget cap –...

May 29 Ferrari has joined Red Bull in pushing for an emergency increase...
3y ago from OneStopStrategy.com

F1 row threatens existence of budget cap –...

May 24 Smaller teams are continuing to resist efforts to ramp up the...
3y ago from OneStopStrategy.com

‘It's impossible': McLaren team principal sends...

Global rising costs are having a dramatic effect on Formula 1, with teams...
3y ago from Formula1News.co.uk

Red Bull's budget cap problem ‘great' –...

May 28 Some teams are refusing to budge as Red Bull leads a vocal...
3y ago from OneStopStrategy.com

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

Ryan Briscoe to coach RLL drivers, fueling speculation...

Rahal Letterman Lanigan Racing has announced that it has brought on two...

Wienie 500 returns for second year in build-up to Indy...

Indianapolis Motor Speedway has announced that the Oscar Meyer Wienie 500...

Alex Palou responds to McLaren court ruling

Alex Palou has been ordered to pay McLaren Racing over $12 million...

Popular On TotalWRC.com

Popular On GunnersToday.com

Arsenal set £80m price tag as key star's agents...

Arsenal midfielder Martin Odegaard is reportedly considering a move away...
59m ago from CaughtOffside.com

Arsenal & Man United scramble for 35.97 km/hr...

Hoffenheim attacker Bazoumana Toure has done quite well for the German...
39m ago from CaughtOffside.com

Change it around for FC Kairat + Arteta's press...

Morning. We play our final league stage game of the Champions League this...
11h ago from Arseblog.com

Sources: Euro giants target move for summer signing...

Ajax have launched a major winter operation to add leadership, experience,...
12h ago from CaughtOffside.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.