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 »
4y 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...
4y 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...
4y 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....
4y 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....
4y ago from GPBlog.com
Elsewhere On The Network
Popular On MGPToday.com
Aprilia’s MotoGP advantage not due to special rear...
No description available...
48m ago from Motorsport.com
Why WorldSBK leader Nicolo Bulega could miss out on a...
Rumours surrounding Nicolo Bulega and a possible move to MotoGP in 2027...
4h ago from MotorsportWeek.c...
Renovations begin at Goiania after MotoGP's...
No description available...
5h ago from Motorsport.com
Why Alex Marquez has been struggling in MotoGP this...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Mick Schumacher: “I thought I was ready — but I...
No description available...
1w ago from Motorsport.com
Winners and losers from IndyCar at Barber Motorsports...
No description available...
6d ago from Motorsport.com
Fast-paced schedule proving beneficial for IndyCar’s...
The NTT IndyCar Series recently completed its fourth racing weekend in...
5d ago from MotorsportWeek.c...
Pato O’Ward left searching for answers after...
No description available...
1w ago from Motorsport.com
Popular On TotalWRC.com
Hyundai continues to honour Craig Breen's memory
Hyundai Shell Mobis World Rally Team will run a special livery at this...
2h ago from MotorsportWeek.c...
Hyundai unveils Craig Breen tribute livery for WRC...
No description available...
4h ago from Motorsport.com
Storm damage forces changes to WRC Rally Islas...
No description available...
4d ago from Motorsport.com
Kalle Rovanpera returns to WRC with Subaru
Double WRC Champion Kalle Rovanpera is set to return to the WRC next year...
6d ago from MotorsportWeek.c...
Popular On GunnersToday.com
Update: Liverpool & Arsenal transfer target knows...
Liverpool and Arsenal may reportedly have been dealt a blow regarding...
1h ago from CaughtOffside.com
'I want to see him protected' – Rio Ferdinand picks...
Manchester United legend Rio Ferdinand has named Max Dowman as the Arsenal...
3h ago from SportsKeeda.com
Champions League: previews and predictions for the...
the stats for Sporting v Arsenal, Real Madrid v Bayern, Barcelona v...
2h ago from TheGuardian.com
Aaron Ramsey, former Wales captain and Arsenal...
t;li>He had been without a club since leaving Pumas last year‘It has...
3h ago from TheGuardian.com
Comments
Hottest News
F1 champion’s Lewis Hamilton admission has Martin Brundle...
There was a lot to discuss coming out of last... Read More »
1h ago from GPFans.com
'Think again!' George Russell hit by Mercedes F1 reality...
George Russell has been warned about his Mercedes... Read More »
57m ago from GPFans.com
Williams drivers raise concerns over reoccurring historic...
Carlos Sainz has raised concerns that a historic... Read More »
58m ago from MotorsportWeek.com
