News Details
Teams agree on $30m cap on driver salaries
Teams have agreed in principal to the introduction of a $30m cap on drivers salaries to be introduced in 2023. The move will follow the introduction of a $145m racing budget to be introduced next season as part of the sport's efforts to level the playing field and entice new teams. However, in a move with which aficionados of Fantasy F1 games will be familiar, the $30m budget planned for 2023 would cover both drivers. Consequently a team could employ two drivers at $15m apiece or one at $25m and the other at $5m. Or, as is rapidly becoming the norm, Dad buys the team and the full $30m is splashed out on the star driver. Hard to believe but the $145 budget to be introduced next year does...
Full Story »
Full Story »
4y ago from Pitpass.com
0
You May Also Be Interested In...
F1 teams agree to cap drivers' salaries from 2023!
Formula 1 teams have reportedly agreed to introduce a $30m cap on...
4y ago from F1i.com
'F1 teams vote for limit on drivers' salary, Hamilton...
Lewis Hamilton will probably have to hand in when he signs his new...
4y ago from GPBlog.com
Hamilton now facing rush to sign new deal after driver...
Formula 1 is set to introduce a driver salary cap from 2023 following...
4y ago from GPFans.com
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...
4y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Johann Zarco in trouble at Aragon GP with Honda's...
No description available...
1h ago from Motorsport.com
Deniz Oncu steals closest-ever Moto2 victory at Aragon
Deniz Oncu stole victory from Diogo Moreira via a photo finish to take...
1h ago from MotorsportWeek.c...
Manu González to make MotoGP debut with Aprilia...
No description available...
18h ago from Motorsport.com
Popular On IndyCarToday.com
Detroit GP expected to remain downtown amid potential...
Following the conclusion of the Detroit Grand Prix, organizers have...
2d ago from MotorsportWeek.c...
Santino Ferrucci issued post-race penalty but keeps...
The NTT IndyCar Series has issued a penalty to the #14 entry of Santino...
5d ago from MotorsportWeek.c...
AJ Foyt Racing fined $25K, lose championship points...
No description available...
5d ago from Motorsport.com
Louis Foster reveals likely cause of scary 180MPH...
On lap 84 of Sunday’s Detroit Grand Prix, Louis Foster was involved in...
6d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Amid losing streak, Hyundai accepts “consequences”...
No description available...
16h ago from Motorsport.com
Ogier in charge on WRC Italia Sardegna
Sébastien Ogier stretched his Rally Italia Sardegna lead on Saturday...
15h ago from MotorsportWeek.c...
Sebastien Ogier survives brutal Sardinia Saturday with...
No description available...
19h ago from Motorsport.com
Sebastien Ogier leads Rally Sardinia as Adrien...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Manchester United and Arsenal tracking star player who...
Manchester United and Arsenal are reportedly monitoring Porto striker Samu...
1h ago from SportsKeeda.com
Arsenal working on renewing contracts of six...
After tying Gabriel Magalhaes down to a new long-term deal, Arsenal are...
1h ago from SportsKeeda.com
£60m man has preference to join Arsenal over Man...
Arsenal and Man United are both in the market for a new striker this...
2h ago from CaughtOffside.com
Sources: Arsenal, Man United & Chelsea to battle...
Premier League clubs are stepping up their efforts to sign up FC Porto's...
6h ago from CaughtOffside.com
Comments
Hottest News
F1 champion selling incredible £58m mansion
Want to buy a house off a Formula 1 world... Read More »
3h ago from GPFans.com
Steiner in talks for racing comeback in unexpected setting
Former Haas F1 team principal Guenther Steiner... Read More »
3h ago from F1i.com
Newey claims Aston Martin has the best wind tunnel in...
Aston Martin's Managing Technical Partner Adrian... Read More »
1h ago from F1Technical.net