News Details
F1 teams agree to cap drivers' salaries from 2023!
Formula 1 teams have reportedly agreed to introduce a $30m cap on drivers' salaries from 2023, potentially imposing such a limitation for the first time in Grand Prix racing's history. According to a report from Daily Mail F1 correspondent Jonathan McEvoy, teams were unanimous on the salary cap idea which was tabled during a virtual meeting of the F1 Commission on Monday. F1 will implement a $145m budget cap for teams from next season that will progressively drop to $135m for 2023. But the cost cap does not include the expense earmarked for an outfit's pair of drivers. The novel salary restriction would therefore work together with a team's budget cap. Only a handful of drivers enjoy the...
Full Story »
Full Story »
You May Also Be Interested In...
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
McLaren support new aero rules despite potential 2021...
McLaren drivers Lando Norris and Carlos Sainz have backed the upcoming...
5y ago from GPFans.com
Tsunoda in line for AlphaTauri practice outing
AlphaTauri are considering running Yuki Tsunoda in a Friday practice...
5y ago from PlanetF1.com
Perez edges closer to grid penalty
One of the true stars of the Portuguese Grand Prix, Sergio Perez has...
5y ago from Pitpass.com
Elsewhere On The Network
Popular On MGPToday.com
Jack Miller: Yamaha are ‘busting their arses' on...
Pramac rider Jack Miller has seen first-hand the efforts of Yamaha on its...
20h ago from MotorsportWeek.c...
Pramac becomes first MotoGP team to reveal 2026 livery
No description available...
17h ago from Motorsport.com
Pramac Yamaha unveils 2026 MotoGP livery
Pramac Yamaha has officially unveiled its striking new livery on the...
17h ago from MotorsportWeek.c...
‘Super talented’ MotoGP rookie Diogo Moreira...
Pedro Acosta believes “super talented” rookie Diogo Moreira has the...
1d ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Escotto confirmed by Juncos Hollinger Racing for 2026...
No description available...
18h ago from Motorsport.com
Ranking IndyCar’s rising stars to watch in 2026
No description available...
3d ago from Motorsport.com
Alex Palou delivers takedown of McLaren F1 drivers...
IndyCar champion Alex Palou has delivered a takedown of both McLaren...
5d ago from MotorsportWeek.c...
Will Power turns first IndyCar laps with Andretti at...
IndyCar veteran Will Power completed his first test laps with his new...
5d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Dakar 2026, Stage 9: Ford takes 1-2 in overall...
No description available...
1d ago from Motorsport.com
How Elfyn Evans plans to finally achieve rallying’s...
No description available...
22h ago from Motorsport.com
Naturally-aspirated V8: What Ford is doing differently...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Terms set: Arsenal open to £20-25m transfer deal with...
Arsenal could reportedly be open to letting versatile defender Ben White...
1h ago from CaughtOffside.com
Carabao Cup semi-final against Chelsea is serious...
Morning all. It's a Carabao Cup semi-final first leg at Stamford Bridge...
4h ago from Arseblog.com
'I don't think I used that word…' – Arteta...
Arsenal manager Mikel Arteta has denied ever saying that Gunners forward...
13h ago from CaughtOffside.com
Arteta rues Arsenal’s injury list before Carabao Cup...
t;li>Manager hopes to find ‘solution’ to defensive problemsSaliba...
12h ago from TheGuardian.com
Comments
Hottest News
Lewis Hamilton labelled 'key' to F1 driver market amid...
Lewis Hamilton endured a disastrous opening... Read More »
49m ago from RacingNews365.com
Audi F1 title sponsor issues criticism over Ferrari livery
Audi's F1 title sponsor is far from impressed... Read More »
1h ago from RacingNews365.com
Adrian Newey at Aston Martin enough to lure Max Verstappen...
Max Verstappen's future at Red Bull Racing was... Read More »
1h ago from GrandPrix247.com
