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 »
5y 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...
5y 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...
5y 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....
5y 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....
5y ago from GPBlog.com
Elsewhere On The Network
Popular On MGPToday.com
Trackhouse team owner Justin Marks: MotoGP must take...
No description available...
6h ago from Motorsport.com
KTM backs “unlucky” Maverick Vinales to return and...
No description available...
9h ago from Motorsport.com
Guenther Steiner: MotoGP riders ‘need to be of a...
Tech3 KTM CEO Guenther Steiner has continued to share his admiration for...
9h ago from MotorsportWeek.c...
Aleix Espargaro hospitalised after crash in Sepang...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Andretti confirmed to field just three cars for Indy...
Andretti Global has confirmed that the team will only run three cars in...
1d ago from MotorsportWeek.c...
AJ Foyt Racing adds Toby Sowery as reserve driver
No description available...
1d ago from Motorsport.com
Toby Sowery joins AJ Foyt Racing in IndyCar reserve...
AJ Foyt Racing has appointed Toby Sowery as the team’s reserve driver...
1d ago from MotorsportWeek.c...
Feature: RLL’s split fortunes in Barber highlight...
At the most recent IndyCar race from Barber Motorsports Park, Graham...
2d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Elfyn Evans and Oliver Solberg both out early at WRC...
No description available...
49m ago from Motorsport.com
Oliver Solberg out of Croatia Rally (for now)
Friday: Oliver Solberg crashed out of Rally Croatia about four km into...
12h ago from MotorsportWeek.c...
WRC Croatia: Oliver Solberg crashes out on opening...
No description available...
11h ago from Motorsport.com
Sami Pajari extends lead after dramatic opening day on...
Sami Pajari and Marko Salminen inherited the lead of WRC Rally Croatia...
3h ago from MotorsportWeek.c...
Popular On GunnersToday.com
Premier League news: Fernández’s Chelsea future in...
No description available...
4h ago from TheGuardian.com
Arsenal handed boost as Mikel Arteta confirms key...
Arsenal boss Mikel Arteta has confirmed that Eberechi Eze is fit for their...
6h ago from SportsKeeda.com
Arsenal enter race to sign 22-year-old midfielder...
Arsenal have reportedly joined Leeds United in the race for Stade Rennais...
9h ago from SportsKeeda.com
“Ronaldo should pack it now” - Ex-Arsenal star...
Former Arsenal midfielder Anders Limpar has urged Cristiano Ronaldo to...
9h ago from SportsKeeda.com
Comments
Hottest News
Ferrari's 499P Heads to Imola This Weekend Carrying Aero...
When the FIA World Endurance Championship season... Read More »
1h ago from Formula1News.co.uk
Aston Martin spotted testing 'super-illegal' car during F1...
The five-week hiatus from the 2026 F1 season has... Read More »
6h ago from GPFans.com
Jos Verstappen responds to Lambiase Red Bull exit with...
Max Verstappen's father, Jos Verstappen, has... Read More »
1h ago from GPFans.com
