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
Ducati renews VR46 and Gresini partnerships to run six...
No description available...
1d ago from Motorsport.com
Johann Zarco avoids surgery after Catalan GP crash,...
No description available...
1d ago from Motorsport.com
Gresini confirms Joan Mir and Dani Holgado to make up...
Gresini Ducati has announced that Joan Mir and Daniel Holgado will join...
2d ago from MotorsportWeek.c...
Gresini signs Joan Mir and Daniel Holgado on two-year...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
Thunderstorm delays IndyCar qualifying at Mid-Ohio
Qualifying for the NTT IndyCar Series at Mid-Ohio has been delayed due to...
58m ago from MotorsportWeek.c...
Enzo Fittipaldi leads every lap in Mid-Ohio Indy NXT...
No description available...
1h ago from Motorsport.com
Christian Lundgaard quickest in Saturday IndyCar...
Drivers of the NTT IndyCar Series climbed behind the wheel at Mid-Ohio on...
4h ago from MotorsportWeek.c...
Scott Dixon: Important to leave CGR respectfully after...
Scott Dixon has announced his intention to leave Chip Ganassi Racing at...
7h ago from MotorsportWeek.c...
Popular On TotalWRC.com
Why Josh McErlean’s career-best WRC performance was...
No description available...
1d ago from Motorsport.com
New WRC constructor gearing up for maiden 2027 car test
No description available...
4d ago from Motorsport.com
Penalties for Josh McErlean and Adrien Fourmaux...
Josh McErlean and Adrien Fourmaux were summoned to the Stewards office...
4d ago from MotorsportWeek.c...
Hankook may consider developing specific WRC Acropolis...
No description available...
5d ago from Motorsport.com
Popular On GunnersToday.com
'Insane price' – Journalist responds as Man City...
Manchester City have reached an agreement with Leicester City over the...
1h ago from CaughtOffside.com
'First step' done, Arsenal now working on two...
Selling Leandro Trossard is reportedly the first step as Arsenal look into...
2h ago from CaughtOffside.com
Report: Arsenal transfer target in increasingly tense...
It seems that things are getting tense behind the scenes at Newcastle...
3h ago from CaughtOffside.com
Exclusive now confirmed: Arsenal's Leandro Trossard...
Arsenal winger Leandro Trossard is reportedly closing in on a 20m transfer...
3h ago from CaughtOffside.com
Comments
Hottest News
F1 sprint race result up in the air as FIA announce late...
The result of the first of two races during the... Read More »
7h ago from GPFans.com
Hamilton ‘happy’ despite Q3 setback as Ferrari eyes...
Lewis Hamilton believes he extracted virtually... Read More »
1h ago from F1i.com
George Russell searches for answers after...
George Russell has admitted to being clueless... Read More »
1h ago from MotorsportWeek.com
