News Details

F1 closing on $30m per team driver salary cap

Apr.8 Formula 1 is closing in on a $30 million per team annual budget cap to specifically limit spending on drivers. According to Italy's La Gazzetta dello Sport and other specialist publications, the FIA and Liberty Media are poised to circulate the proposal among F1 teams. 'According to rumours,' wrote correspondent Luigi Perna, 'they have come to defining a figure. Each team, in the coming seasons, can spend a maximum of $30 million for the two drivers plus reserves. 'Bonuses and personal image rights would be excluded,' he added. The measure would immediately affect Mercedes' Lewis Hamilton, who is paid about $45 million per year, while high earners like Max Verstappen and Charles...
Full Story »
Share

You May Also Be Interested In...

Charles Leclerc Refuses To Share Opinion On F1 Driver...

Ferrari driver Charles Leclerc has refused to publicly voice his views on...
4y ago from Formula1News.co.uk

F1 Sprint Race Trial To Go Ahead After Teams Agree...

Formula One is poised to trial sprint races at three rounds of the 2021...
4y ago from Formula1News.co.uk

'F1 quickly presents salary cap with major...

Formula 1 is about to introduce a limit for the salary of its drivers....
4y ago from GPBlog.com

Salary cap has big consequences for Hamilton and...

Formula 1 is about to introduce a limit for the salary of its drivers....
4y ago from GPBlog.com

Elsewhere On The Network

Popular On MGPToday.com

Fabio Di Giannantonio believes every MotoGP...

VR46 Ducati rider Fabio Di Giannantonio has acknowledged the progress...

MotoGP World Champion Marc Marquez confirms he will...

2025 MotoGP World Champion Marc Marquez has confirmed he will sit out the...

Popular On IndyCarToday.com

Mark Miles teases possible non-championship...

IndyCar is largely considered a North American championship, with races...
21h ago from MotorsportWeek.c...

IndyCar tire, brake testing completed on IMS oval

IndyCar staged a test at the Indianapolis Motor Speedway on Tuesday and...
16h ago from MotorsportWeek.c...

Enzo Fittipaldi hails ‘productive’ test with Arrow...

Enzo Fittipaldi completed an IndyCar test with Arrow McLaren last week,...

Popular On TotalWRC.com

Popular On GunnersToday.com

The Flowers in the Dustbin

In his autobiographical novel ‘Fever Pitch’, Nick Hornby writes about...
1h ago from Arseblog.com

Champions League team of the week: Arsenal duo joined...

Arsenal and Chelsea players are among the big names to be selected in the...
2h ago from CaughtOffside.com

“Do you drink alcohol in the morning?” - Roy Keane...

Roy Keane had a hilarious reaction to Jill Scott picking Chelsea ahead of...
4h ago from SportsKeeda.com

Will Arsenal break Chelsea’s record of conceding...

enal are on course to break one of the most most impressive records in...
4h ago from TheGuardian.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.