News Details

F1 drivers to be included in salary cap working group

Formula 1's drivers will have a seat at the table when a new working group begins its discussions on a salary cap proposal which the sport aims to introduce in the future. This year's $145 million budget cap excludes, among other items, drivers' retainers as well as the salaries of the three highest paid members of a team's management. Last year, a proposal was tabled to limit drivers' salaries to $30 million. The idea gained traction with team bosses who see the restriction as a useful tool to help lower costs and drive equality in the sport. However, a few significant legal hurdles will likely need to be ironed out before such a provision cap can be implemented. The topic was discussed...
Full Story »
4y ago from F1i.com 0
Share

You May Also Be Interested In...

F1 drivers to be included in new working group to...

Get F1 news in your inbox! By signing up to the newsletter you agree to...
4y ago from Crash.net

McLaren Racing CEO Calls For Driver Salary Cap Amid...

McLaren Racing CEO Zak Brown has called on Formula One to agree a driver...
4y ago from Formula1News.co.uk

Working group to investigate F1 driver salary cap

Formula 1 will create a working group, which will include drivers, in...
4y ago from MotorsportWeek.com

Oxford Dictionary Removes ‘Outdated’ Words...

Three words have been removed from the Oxford Advanced Learner’s...
4y ago from Formula1News.co.uk

Elsewhere On The Network

Popular On MGPToday.com

‘Super talented’ MotoGP rookie Diogo Moreira...

Pedro Acosta believes “super talented” rookie Diogo Moreira has the...
14h ago from MotorsportWeek.c...

Popular On IndyCarToday.com

Alex Palou delivers takedown of McLaren F1 drivers...

IndyCar champion Alex Palou has delivered a takedown of both McLaren...

Will Power turns first IndyCar laps with Andretti at...

IndyCar veteran Will Power completed his first test laps with his new...

Popular On TotalWRC.com

Popular On GunnersToday.com

Race for Guehi wide open with Man City, Liverpool and...

The race to sign Marc Guehi is wide open and there is not a favourite or a...
10h ago from SkySports.com

FA Cup fourth round draw – live

️ Draw for the last 32 to begin at 6.35pm GMT at Anfield<br>⚽️...
11h ago from TheGuardian.com

Liam Rosenior provides fitness update on Cole Palmer...

Chelsea's head coach, Liam Rosenior, has disclosed that Cole Palmer and...
13h ago from SportsKeeda.com

Robert Pires claims 26-year-old Arsenal star is now in...

Arsenal legend Robert Pires has heaped praise on Declan Rice, calling him...
12h ago from SportsKeeda.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.