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
Why MotoGP riders miss having Marc Marquez on the grid
No description available...
8h ago from Motorsport.com
Yamaha to race new V4 frame at Valencia MotoGP
No description available...
12h ago from Motorsport.com
Jorge Martin hit with penalty for planned MotoGP...
No description available...
14h ago from Motorsport.com
Popular On IndyCarToday.com
Ryan Hunter-Reay joins Arrow McLaren for 2026...
No description available...
10h ago from Motorsport.com
Ryan Hunter-Reay joins Arrow McLaren for 2026 Indy 500
Arrow McLaren has announced that veteran Ryan Hunter-Reay will join the...
10h ago from MotorsportWeek.c...
RLL locks in Louis Foster with extended IndyCar...
Rahal Letterman Lanigan Racing has announced an extension to its contract...
1d ago from MotorsportWeek.c...
AJ Foyt Racing expands veteran support program to full...
AJ Foyt Racing has announced that its successful Homes For Our Troops...
2d ago from MotorsportWeek.c...
Popular On TotalWRC.com
What Toyota expects from 2026 WRC signing Oliver...
No description available...
3d ago from Motorsport.com
Hyundai already working on “Plan B” for 2026 WRC...
No description available...
4d ago from Motorsport.com
Oliver Solberg lands factory Toyota Rally1 drive
We called it after Oliver Solberg clinched his WRC2 title in Chile....
3d ago from MotorsportWeek.c...
Popular On GunnersToday.com
'We're talking about…': Arsenal player opens up...
Arsenal striker Gabriel Jesus has been linked with a move away from the...
4h ago from CaughtOffside.com
Arsenal, Liverpool join auction for star with just 452...
Real Madrid attacker Rodrygo Goes has been linked with a move away from...
8h ago from CaughtOffside.com
Chelsea legend Didier Drogba accepts challenge set by...
Chelsea icon Didier Drogba has accepted a challenge set by Arsenal legend...
9h ago from SportsKeeda.com
Report: Arsenal ready to sell star to Euro giants if...
Arsenal would reportedly be ready to sanction the surprise sale of...
10h ago from CaughtOffside.com
Comments
Hottest News
Perez tests black Ferrari ahead as part of Cadillac...
Sergio Perez is back in Formula 1 machinery for... Read More »
1h ago from GrandPrix247.com
Guenther Steiner says this F1 star should replace Lewis...
Former Haas F1 team principal Guenther Steiner... Read More »
5h ago from GPFans.com
Max Verstappen would AXE one of McLaren drivers if he was...
Max Verstappen has revealed what he would do if... Read More »
6h ago from GPFans.com
