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F1's budget cap to see driver salaries soar
It has been predicted that Formula 1 drivers may end up being paid even more than they are currently as a result of Liberty Media enforcing a budget cap on teams. Teams will not be able to spend more than $175million on "performance-related" costs from 2021 and beyond, with F1 chiefs warning that stepping over the mark could cost teams their championship ambitions. Article continues under video However, among the expenditure not covered by the spending limit includes the amount drivers are paid a year. Lewis Hamilton is the best-paid driver on the grid, with his current Mercedes deal reportedly worth £40million ($52m) a year, but Red Bull motorsport advisor expects that...
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