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

Arrow McLaren unveils liveries for 2026 IndyCar...

Arrow McLaren has taken the wraps off its trio of challengers for the...

Mick Schumacher building confidence after first...

Mick Schumacher completed his first oval laps in an IndyCar on Wednesday...

Popular On TotalWRC.com

Popular On GunnersToday.com

Watch: Martin Zubimendi scores long-range stunner to...

Martin Zubimendi has drilled a strike from outside the box to give Arsenal...
2h ago from CaughtOffside.com

Gyökeres double keeps Arsenal on title track in...

re are times when the best thing for a side is an uneventful win. Titles...
1h ago from TheGuardian.com

Arsenal move nine points clear after hard-fought win...

Arsenal piled the pressure on title rivals Manchester City with a 3-0...
1h ago from SkySports.com

Gyokeres double sees Arsenal secure win over...

Highlights from the Premier League match between Arsenal and Sunderland.
1h ago from SkySports.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.