News Details
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...
Full Story »
Full Story »
5y ago from GPFans.com
0
You May Also Be Interested In...
Top Drivers Set to Gain Under 2021 Cap
Elite drivers could see their bank accounts get a boost from 2021...
5y ago from GrandPrix247.com
'I prefer ten teams that are competitive than twelve...
Since Liberty Media took control of Formula 1, there has been a lot of...
5y ago from GPBlog.com
Brawn warns teams on budget cap: 'Serious consequences...
Formula 1 managing director Ross Brawn has warned teams on breaking the...
5y ago from GPBlog.com
Hamilton: The Season is Already Too Long
Lewis Hamilton has led a chorus of voices in blasting F1 and Liberty...
5y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Why Alex Rins can't wait for Yamaha's V4 engine
No description available...
17h ago from Motorsport.com
Brazil replaces Argentina as 2026 MotoGP calendar...
The 2026 MotoGP calendar has officially been released and the new season...
2d ago from MotorsportWeek.c...
Brazilian GP replaces Argentina in 2026 MotoGP calendar
No description available...
2d ago from Motorsport.com
Luca Marini gets new Honda MotoGP deal for 2026
No description available...
5d ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar Laguna Seca – Qualifying Results
IndyCar traveled to the West Coast for a round at the historic Laguna...
5h ago from MotorsportWeek.c...
Alex Palou grabs IndyCar pole at Laguna Seca
IndyCar headed out for qualifying at Laguna Seca just before noon local...
6h ago from MotorsportWeek.c...
Foggy conditions at Laguna Seca delay IndyCar’s...
The NTT IndyCar Series was set to hit the track early Saturday morning...
9h ago from MotorsportWeek.c...
Alex Palou powers to fifth IndyCar pole of 2025 at...
No description available...
5h ago from Motorsport.com
Popular On TotalWRC.com
Monaco GP circuit stage in frame for WRC comeback in...
No description available...
1d ago from Motorsport.com
How Oliver Solberg’s rapid WRC return shakes up...
No description available...
1w ago from Motorsport.com
Oliver Solberg stuns WRC field to lead Rally Estonia...
No description available...
1w ago from Motorsport.com
How WRC rivals reacted to Oliver Solberg's first...
No description available...
5d ago from Motorsport.com
Popular On GunnersToday.com
Report: Arsenal now accelerating deal to sign £60m...
Arsenal have already made waves this summer by securing the signings of...
5h ago from FreshArsenal.com
Official: Arsenal confirm the signing of Viktor...
Arsenal have officially completed the signing of Viktor Gyökeres from...
7h ago from FreshArsenal.com
Report: Arsenal intensify efforts to sign 25-G/A...
Arsenal are looking to complete the signing of Crystal Palace attacker...
7h ago from CaughtOffside.com
Arsenal complete £64m deal to sign Viktor Gyökeres...
t;li>Sweden international scored 39 goals last season27-year-old...
7h ago from TheGuardian.com
Comments
Hottest News
Red Bull F1 star suffers embarrassment after FIA take...
The FIA have taken action against Red Bull F1... Read More »
6h ago from GPFans.com
F1 2025 Belgian Grand Prix – Qualifying Results
Lando Norris edged out McLaren team-mate Oscar... Read More »
10h ago from MotorsportWeek.com
Leclerc “surprised” after grabbing unexpected third...
Having lacked long-run pace in the Spa F1 Sprint,... Read More »
36m ago from F1Technical.net
