News Details

F1 Teams Agree $30 Million Driver Salary Cap

On Monday, all F1 team bosses met virtually at the F1 Commission to vote on issues the sport is currently having to contend with. The main takeaway from this meeting was the pending addition of a driver salary cap starting in 2023 which was agreed upon by all the teams. READ: ‘Your Racism Is Showing’: Actress Accuses Lando Norris Of Being Racist Towards Lewis Hamilton This move is a step to further reduce F1 teams’ spending, as the budget cap scheduled to come into effect next year will not limit driver salaries or the salaries of the top three highest paid team employees. The World Motor Sport Council still needs to ratify the proposal which is set the salary cap for drivers at $30...
Full Story »
Share

You May Also Be Interested In...

F1 teams agree in principle to $30m driver salary cap

The Formula 1 teams have agreed in principle to a driver salary cap which...
2mo ago from GrandPrix247.com

F1 teams agree to cap drivers' salaries from 2023!

Formula 1 teams have reportedly agreed to introduce a $30m cap on...
2mo ago from F1i.com

Teams agree on $30m cap on driver salaries

Teams have agreed in principal to the introduction of a $30m cap on...
2mo ago from Pitpass.com

F1 set to introduce driver salary cap in 2023

Formula 1 is poised to introduce salary caps in 2023 as part of the wider...
2mo ago from MotorsportWeek.com

Elsewhere On The Network

Popular On MGPToday.com

Dall’Igna on Dovizioso: 'I'm sorry when a rider...

Get MotoGP news in your inbox! By signing up to the newsletter you agree...
4h ago from Crash.net

Suzuki 'still investigating' satellite team despite...

Get MotoGP news in your inbox! By signing up to the newsletter you agree...
1h ago from Crash.net

Suzuki MotoGP squad ‘more united than ever'...

Suzuki MotoGP Project Leader Shinichi Sahara says the organisation is...

MotoGP's Marc Marquez undergoes six-week medical check

Get MotoGP news in your inbox! By signing up to the newsletter you agree...
18h ago from Crash.net

Popular On IndyCarToday.com

Andretti Autosport confirms Hunter-Reay will return...

Andretti Autosport has confirmed Ryan Hunter-Reay will remain with the...
22h ago from MotorsportWeek.c...

Ex-F1 tester and IndyCar racer Ferrucci switches to...

Santino Ferrucci will make his NASCAR debut this year after signing a deal...

Pat Patrick obituary: IndyCar team owner dies aged 91

Ueal Eugene 'Pat' Patrick, who ran cars at the Indianapolis 500 for...
1w ago from AutoSport.com

Popular On TotalWRC.com

Popular On GunnersToday.com

Huge injury boost for Arsenal amid news that key...

Sometimes we don't realise how important a player is until they're...
1h ago from CaughtOffside.com

Video: WWE legend Kurt Angles manages to disrespect...

Clearly there are genuine wrestling fans who really enjoy the technical...
2h ago from CaughtOffside.com

Arsenal tracking Ivan Toney as Brentford star makes...

Arsenal: Arteta reveals conversations over Ozil's future Ivan Toney has...
4h ago from Express.co.uk

Outcasted Arsenal midfielder rejects chance to join...

On-loan Arsenal midfielder Matteo Guenzdouzi has been offered to Hertha...
5h ago from CaughtOffside.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.