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 »
Full Story »
3y ago from OneStopStrategy.com
0
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...
3y 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...
3y 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....
3y 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....
3y ago from GPBlog.com
Elsewhere On The Network
Popular On MGPToday.com
Bagnaia, Martin: Why would we need to be enemies off...
No description available...
1h ago from Motorsport.com
Quartararo explains why he's the Yamaha's traction...
No description available...
20h ago from Motorsport.com
Should MotoGP reconsider its emphasis on sprint races?
No description available...
19h ago from Motorsport.com
Bastianini left “angry” after distant Malaysian GP...
No description available...
19h ago from Motorsport.com
Popular On IndyCarToday.com
Enzo Fittipaldi to run IndyCar test with McLaren later...
Arrow McLaren has announced that it will place Enzo Fittipaldi in one of...
3d ago from MotorsportWeek.c...
Enzo Fittipaldi to test with Arrow McLaren this month
No description available...
3d ago from Motorsport.com
O’Ward sees Arlington race as a test for the future...
No description available...
5d ago from Motorsport.com
Ganassi finalizes IndyCar lineup, confirms Kyffin...
Chip Ganassi Racing announced its full 2025 IndyCar line-up on Wednesday,...
5d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Friday favourite: When a burly Skoda challenged the...
No description available...
4d ago from Motorsport.com
A Farewell Message from The Checkered Flag
After 15 years of motorsport coverage, TheCheckeredFlag.co.uk announces...
4d ago from TheCheckeredFlag...
Didier Auriol entering Rally Japan, first WRC start...
1994 World Rally Champion Didier Auriol will run the 2024 season finale in...
6d ago from TheCheckeredFlag...
Popular On GunnersToday.com
Where are they now: Arsenal XI when Edu Gaspar became...
Here is how the Arsenal XI looked when now-former Sporting Director of the...
36m ago from SoccerSouls.com
Former Arsenal midfielder discusses his surprise...
Former Arsenal midfielder Henri Lansbury has discussed his surprising new...
46m ago from CaughtOffside.com
“I didn’t anticipate him being this important” -...
No description available...
1h ago from SportsKeeda.com
Sports Mole's Premier League Team of the Week -...
Sports Mole picks its Premier League Team of the Week for gameweek 10,...
4h ago from SportsMole.co.uk
Comments
Hottest News
F1 champion issues health update in emotional statement
Two-time Formula 1 world champion Fernando Alonso... Read More »
4h ago from GPFans.com
Red Bull 'call for NEW FIA investigation' into F1 rivals
Red Bull Racing have called for another... Read More »
1h ago from GPFans.com
F1: Hamilton and Alonso laud Verstappen's Brazil win
While Lando Norris might consider Max... Read More »
2h ago from Pitpass.com
