News Details
F1's budget cap to see driver salaries soar
It has been predicted that Formula 1 drivers may end up being paid even more than they are currently as a result of Liberty Media enforcing a budget cap on teams. Teams will not be able to spend more than $175million on "performance-related" costs from 2021 and beyond, with F1 chiefs warning that stepping over the mark could cost teams their championship ambitions. Article continues under video However, among the expenditure not covered by the spending limit includes the amount drivers are paid a year. Lewis Hamilton is the best-paid driver on the grid, with his current Mercedes deal reportedly worth £40million ($52m) a year, but Red Bull motorsport advisor expects that...
Full Story »
Full Story »
6y ago from GPFans.com
0
You May Also Be Interested In...
Top Drivers Set to Gain Under 2021 Cap
Elite drivers could see their bank accounts get a boost from 2021...
6y ago from GrandPrix247.com
'I prefer ten teams that are competitive than twelve...
Since Liberty Media took control of Formula 1, there has been a lot of...
6y ago from GPBlog.com
Brawn warns teams on budget cap: 'Serious consequences...
Formula 1 managing director Ross Brawn has warned teams on breaking the...
6y ago from GPBlog.com
Hamilton: The Season is Already Too Long
Lewis Hamilton has led a chorus of voices in blasting F1 and Liberty...
6y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
The MotoGP changes Liberty Media should make,...
No description available...
40m ago from Motorsport.com
Fabio Quartararo reveals MotoGP moment that felt...
No description available...
1d ago from Motorsport.com
Fermin Aldeguer suffers fracture in MotoGP training...
No description available...
2d ago from Motorsport.com
Kevin Schwantz: “I see myself reflected in Marc...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Will Power turns first IndyCar laps with Andretti at...
IndyCar veteran Will Power completed his first test laps with his new...
2d ago from MotorsportWeek.c...
Alex Palou delivers takedown of McLaren F1 drivers...
IndyCar champion Alex Palou has delivered a takedown of both McLaren...
1d ago from MotorsportWeek.c...
Power completes “very good” first outing with...
No description available...
2d ago from Motorsport.com
McLaughlin set to have new spotter for 2026 IndyCar...
No description available...
2d ago from Motorsport.com
Popular On TotalWRC.com
WRC Rally Islas Canarias stays until 2029
WRC Promotor and Rally Islas Canarias have signed a three year extension...
1h ago from MotorsportWeek.c...
Why M-Sport has faith in youth over experience WRC...
No description available...
3h ago from Motorsport.com
Dakar 2026, Stage 6: Nasser Al-Attiyah regains overall...
No description available...
1d ago from Motorsport.com
Dakar 2026, Stage 5: Ford strikes back to win but...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
This Arsenal Invincible laughed at me when I first...
Former Arsenal right-back Emmanuel Eboue has admitted that legendary...
1h ago from CaughtOffside.com
Arsenal boss Mikel Arteta issues fitness update on Kai...
Arsenal boss Mikel Arteta has provided an injury update on Kai Havertz,...
1h ago from SportsKeeda.com
Surprise claim that important Arsenal star 'making...
Arsenal forward Gabriel Martinelli could reportedly be making plans to...
2h ago from CaughtOffside.com
Two Arsenal transfer targets could point towards...
Arsenal are reportedly looking at two transfer targets that could point...
1h ago from CaughtOffside.com
Comments
Hottest News
Audi drivers react to ‘fantastic' first F1 car...
Audi F1 drivers Nico Hulkenberg and Gabriel... Read More »
2h ago from MotorsportWeek.com
F1 hopeful's new team announced in the most unlikeliest of...
One F1 hopeful's new signing announcement took... Read More »
40m ago from GPFans.com
What is an F1 car shakedown and how are teams restricted?
With the F1 season fast approaching, expect to... Read More »
50m ago from RacingNews365.com
