News Details

Red Bull to cap F1 drivers' salaries: 'Respect existing contracts'

In 2021 there will be a budget cap for the first time in Formula 1, which teams will have to take into account. The salary of the drivers is not part of this cap, but that is what F1 wants. Red Bull and McLaren have their own ideas about a solution. Salary cap for F1 drivers The budget cap of 147,5 million dollar limits the teams (especially the big ones) in how much they can develop. However, the big teams still have an advantage, because the salary of the drivers and the top of the staff does not fall under this cap. So big teams can spend their budget cap entirely on the car, and also pay their drivers a top salary. ''In principle we are in favour, but we have to respect existing...
Full Story »
4y ago from GPBlog.com 0
Share

You May Also Be Interested In...

Marko: Mercedes offered to double salary of Red Bull...

Red Bull advisor Helmut Marko has said that Mercedes offered to double...
4y ago from GrandPrix247.com

Mercedes offering staff double pay to avoid exodus –...

Helmut Marko says Mercedes is offering to "double the salary"...
4y ago from F1i.com

Marko: Mercedes offering double pay if people stay

Mercedes are offering 'double the salary' to persuade their engine staff...
4y ago from PlanetF1.com

Perez leaves Verstappen ‘on his own again'

May 10 Max Verstappen is 'on his own again' within the Red Bull garage,...
4y ago from OneStopStrategy.com

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

All drivers clear Indy 500 Rookie Orientation...

IndyCar’s two-day test session for the Indianapolis 500 got underway...

Popular On TotalWRC.com

Oliver Solberg crashes out of Rally Islas Canarias

Oliver Solberg and Elliot Edmondson have crashed out of Rally Islas...

Sebastien Ogier dominates Rally Islas Canarias

Sebastien Ogier and Vincent Landais headed a Toyota one-two-three-four in...

Popular On GunnersToday.com

Erling Haaland appears to aim subtle dig at Arsenal...

Manchester City striker Erling Haaland has sparked a social media frenzy...
3h ago from CaughtOffside.com

PSG 5-4 Bayern was the game of the season, but Arsenal...

PSG's 5-4 win over Bayern Munich on Tuesday night was undoubtedly one of...
3h ago from CaughtOffside.com

World-class manager speaks out as 28-G/A phenomenon is...

Atletico Madrid striker Julian Alvarez has been linked with a move away...
7h ago from CaughtOffside.com

Arsenal readying £35m bid for attacking wonderkid...

Arsenal are reportedly interested in signing the Porto striker Oskar...
7h ago from CaughtOffside.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.