News Details
Teams agree on $30m cap on driver salaries
Teams have agreed in principal to the introduction of a $30m cap on drivers salaries to be introduced in 2023. The move will follow the introduction of a $145m racing budget to be introduced next season as part of the sport's efforts to level the playing field and entice new teams. However, in a move with which aficionados of Fantasy F1 games will be familiar, the $30m budget planned for 2023 would cover both drivers. Consequently a team could employ two drivers at $15m apiece or one at $25m and the other at $5m. Or, as is rapidly becoming the norm, Dad buys the team and the full $30m is splashed out on the star driver. Hard to believe but the $145 budget to be introduced next year does...
Full Story »
Full Story »
5y ago from Pitpass.com
0
You May Also Be Interested In...
F1 teams agree to cap drivers' salaries from 2023!
Formula 1 teams have reportedly agreed to introduce a $30m cap on...
5y ago from F1i.com
'F1 teams vote for limit on drivers' salary, Hamilton...
Lewis Hamilton will probably have to hand in when he signs his new...
5y ago from GPBlog.com
Hamilton now facing rush to sign new deal after driver...
Formula 1 is set to introduce a driver salary cap from 2023 following...
5y ago from GPFans.com
Mercedes-Benz raise Aston Martin stake to up to 20% by...
Daimler unit Mercedes-Benz is to lift its stake in Britain's Aston Martin...
5y ago from GrandPrix247.com
Elsewhere On The Network
Popular On MGPToday.com
Uccio Salucci: 'VR46 is the top Ducati team right now'
No description available...
42m ago from Motorsport.com
Pramac MotoGP boss: 'Why do people think Yamaha isn't...
No description available...
3h ago from Motorsport.com
Ducati brings new swingarm and fairing to Jerez MotoGP...
No description available...
18h ago from Motorsport.com
MotoGP Jerez test: Aprilia 1-2-3 as new aero packages...
No description available...
19h ago from Motorsport.com
Popular On IndyCarToday.com
Arrow McLaren has "no fear" in running all...
No description available...
18h ago from Motorsport.com
Katherine Legge confirmed for Indy 500 with AJ Foyt
AJ Foyt Racing has announced that it will field a third entry in this...
22h ago from MotorsportWeek.c...
Katherine Legge will make Indy 500 return in HMD...
No description available...
23h ago from Motorsport.com
IndyCar to limit entries to those holding a charter
The NTT IndyCar Series has confirmed that future races will be limited to...
1d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Oliver Solberg explains crash that ended WRC Canary...
No description available...
1d ago from Motorsport.com
Thierry Neuville: “Nobody knows” answer to...
No description available...
22h ago from Motorsport.com
Oliver Solberg crashes out of Rally Islas Canarias
Oliver Solberg and Elliot Edmondson have crashed out of Rally Islas...
2d ago from MotorsportWeek.c...
Sebastien Ogier dominates Rally Islas Canarias
Sebastien Ogier and Vincent Landais headed a Toyota one-two-three-four in...
1d ago from MotorsportWeek.c...
Popular On GunnersToday.com
Jamie Carragher names the major issue he's spotted...
Jamie Carragher said the major issue Arsenal have been dealing with...
3h ago from SportsKeeda.com
Arsenal receive Kai Havertz injury update ahead of...
Arsenal star Kai Havertz is unlikely to recover in time to make the...
3h ago from SportsKeeda.com
Ballon d'Or 2026: Ranking the top 10 favourites -...
The favourites for the 2026 Ballon d'Or award are starting to become clear...
2h ago from SportsKeeda.com
Atletico Madrid vs Arsenal Prediction and Betting Tips...
Atletico Madrid and Arsenal will trade tackles in the highly anticipated...
5h ago from SportsKeeda.com
Comments
Hottest News
Christian Horner could ditch F1 for another sport....
While F1’s away, the mice will play. In this... Read More »
52m ago from GPFans.com
F1 champion's 'madness' reaction: 'We're going to start our...
An F1 legend has revealed a world champion's... Read More »
1h ago from GPFans.com
F1: F1 cannot be held 'held hostage' by manufacturers,...
'The political landscape has changed,' says the... Read More »
2h ago from Pitpass.com
