News Details

Report: Ricciardo takes base salary cut in McLaren deal

Daniel Ricciardo's contract with McLaren will see him take a lower base salary than he received at Renault, per a report from French media. Believed to be guaranteed 20 million a year at the French constructor, from 2021 Ricciardo will take home just 10 million a year, albeit with the opportunity to raise that number as high as 31 million with bonuses. As reported by sportune.fr, Ricciardo will receive an additional 400,000 for each points finish, and 1 million for each victory from the Woking outfit. As to the length of the contract, the Australian is locked-in on a two-year deal, with the option for a one-year extension should he desire. That means Ricciardo's first chance to re-evaluate...
Full Story »
4mo ago from GrandPrix247.com 0
Share

You May Also Be Interested In...

Ricciardo agreed hefty pay cut for McLaren move

Daniel Ricciardo will have his salary slashed in half when he moves from...
4mo ago from PlanetF1.com

Formula 1 to vote on cap, other rule changes on Friday

Formula 1 is set to vote on a raft of regulation changes on Friday, most...
4mo ago from GrandPrix247.com

Abiteboul again pleads for a salary cap: 'We need to...

The first step to reduce the costs of Formula 1 has now been taken with...
4mo ago from GPBlog.com

Teams agree new budget cap and cost-cutting deal

Formula 1 teams have agreed to reduce the upcoming budget cap to $145...
4mo ago from PlanetF1.com

Elsewhere On The Network

Popular On MGPToday.com

What happened? Dovizioso and Zarco discuss opening-lap...

Factory Ducati rider Andrea Dovizioso and Avintia Racing's Johann Zarco...
18h ago from MotorsportWeek.c...

Rossi: ‘Two mistakes in a row have ruled me out of...

Valentino Rossi reckons his charge for an eighth premier class title is...
13h ago from MotorsportWeek.c...

Popular On IndyCarToday.com

Veach leaves Andretti Autosport with immediate effect

Andretti Autosport has announced it has parted ways with Zach Veach with...

Lacroix: Generous McLaughlin will be successful in...

Shell V-Power Racing Team engineer Ludo Lacroix believes Scott McLaughlin...
1d ago from SpeedCafe.com

Hinchcliffe confirmed as Veach’s replacement for...

James Hinchcliffe has been confirmed as the replacement for Zach Veach for...

Popular On TotalWRC.com

Mäkinen Describes Tänak's Tactic as...

Toyota Gazoo Racing team principal Tommi Mäkinen is not happy over the...

Mäkinen to Step Down as Toyota Team Principal at End...

Tommi Mäkinen will step away from his role as the team manager at Toyota...

No More WRC Events for Loeb After Rally Turkey?

Sébastien Loeb is rumored to have made his final WRC appearance on Rally...

Agreement reached for rallying to continue in Wales...

An agreement has been reached between Motorsport UK and Natural Resources...

Popular On GunnersToday.com

Arsenal were once masters of top class defending - now...

We might live in a world in which we have to social distance, but...
7h ago from DailyStar.co.uk

Arsenal boss Mikel Arteta teases Houssem Aouar or...

Arsenal boss Mikel Arteta teases Houssem Aouar or Thomas Partey move...
35m ago from Express.co.uk

Liverpool 3-1 Arsenal: By the numbers

I don't think that too many people had big expectations for coming away...
2h ago from News.ArseBlog.com

Arteta: We have a long way to go but I'm pleased we...

Mikel Arteta says he was happy with the way Arsenal competed against...
7h ago from News.ArseBlog.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.