News Details
F1 teams agree to cap drivers' salaries from 2023!
Formula 1 teams have reportedly agreed to introduce a $30m cap on drivers' salaries from 2023, potentially imposing such a limitation for the first time in Grand Prix racing's history. According to a report from Daily Mail F1 correspondent Jonathan McEvoy, teams were unanimous on the salary cap idea which was tabled during a virtual meeting of the F1 Commission on Monday. F1 will implement a $145m budget cap for teams from next season that will progressively drop to $135m for 2023. But the cost cap does not include the expense earmarked for an outfit's pair of drivers. The novel salary restriction would therefore work together with a team's budget cap. Only a handful of drivers enjoy the...
Full Story »
Full Story »
You May Also Be Interested In...
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
McLaren support new aero rules despite potential 2021...
McLaren drivers Lando Norris and Carlos Sainz have backed the upcoming...
5y ago from GPFans.com
Tsunoda in line for AlphaTauri practice outing
AlphaTauri are considering running Yuki Tsunoda in a Friday practice...
5y ago from PlanetF1.com
Perez edges closer to grid penalty
One of the true stars of the Portuguese Grand Prix, Sergio Perez has...
5y ago from Pitpass.com
Elsewhere On The Network
Popular On MGPToday.com
Why MotoGP riders miss having Marc Marquez on the grid
No description available...
6h ago from Motorsport.com
Yamaha to race new V4 frame at Valencia MotoGP
No description available...
10h ago from Motorsport.com
Jorge Martin hit with penalty for planned MotoGP...
No description available...
12h ago from Motorsport.com
Popular On IndyCarToday.com
Ryan Hunter-Reay joins Arrow McLaren for 2026...
No description available...
8h ago from Motorsport.com
Ryan Hunter-Reay joins Arrow McLaren for 2026 Indy 500
Arrow McLaren has announced that veteran Ryan Hunter-Reay will join the...
8h ago from MotorsportWeek.c...
RLL locks in Louis Foster with extended IndyCar...
Rahal Letterman Lanigan Racing has announced an extension to its contract...
1d ago from MotorsportWeek.c...
AJ Foyt Racing expands veteran support program to full...
AJ Foyt Racing has announced that its successful Homes For Our Troops...
2d ago from MotorsportWeek.c...
Popular On TotalWRC.com
What Toyota expects from 2026 WRC signing Oliver...
No description available...
3d ago from Motorsport.com
Hyundai already working on “Plan B” for 2026 WRC...
No description available...
4d ago from Motorsport.com
Oliver Solberg lands factory Toyota Rally1 drive
We called it after Oliver Solberg clinched his WRC2 title in Chile....
3d ago from MotorsportWeek.c...
Popular On GunnersToday.com
'We're talking about…': Arsenal player opens up...
Arsenal striker Gabriel Jesus has been linked with a move away from the...
2h ago from CaughtOffside.com
Arsenal, Liverpool join auction for star with just 452...
Real Madrid attacker Rodrygo Goes has been linked with a move away from...
5h ago from CaughtOffside.com
Chelsea legend Didier Drogba accepts challenge set by...
Chelsea icon Didier Drogba has accepted a challenge set by Arsenal legend...
7h ago from SportsKeeda.com
Report: Arsenal ready to sell star to Euro giants if...
Arsenal would reportedly be ready to sanction the surprise sale of...
8h ago from CaughtOffside.com
Comments
Hottest News
Guenther Steiner says this F1 star should replace Lewis...
Former Haas F1 team principal Guenther Steiner... Read More »
3h ago from GPFans.com
Former F1 boss calls Gabriel Bortoleto's mother 'stupid'...
Former F1 team principal Franz Tost caused... Read More »
6h ago from GPFans.com
Max Verstappen would AXE one of McLaren drivers if he was...
Max Verstappen has revealed what he would do if... Read More »
4h ago from GPFans.com
