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
Thailand signs new deal to remain on MotoGP calendar...
The Chang International Circuit will remain on the MotoGP calendar after...
18h ago from MotorsportWeek.c...
Losing MotoGP concessions would be “nothing but good...
No description available...
18h ago from Motorsport.com
Nicolo Bulega explains why he had to change his...
After completing his first MotoGP race weekend, Nicolo Bulega explained...
23h ago from MotorsportWeek.c...
Marc Marquez: Missing Valencia test won’t impact my...
No description available...
23h ago from Motorsport.com
Popular On IndyCarToday.com
RLL locks in Louis Foster with extended IndyCar...
Rahal Letterman Lanigan Racing has announced an extension to its contract...
17h 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...
1d ago from MotorsportWeek.c...
McLaren’s lawsuit against IndyCar champ Alex Palou...
The lengthy court battle between McLaren and Alex Palou is nearing a...
6d ago from MotorsportWeek.c...
Caio Collet advances up to IndyCar with AJ Foyt Racing
AJ Foyt Racing has announced that Caio Collet will drive for the team in...
6d ago from MotorsportWeek.c...
Popular On TotalWRC.com
What Toyota expects from 2026 WRC signing Oliver...
No description available...
2d ago from Motorsport.com
Hyundai already working on “Plan B” for 2026 WRC...
No description available...
3d 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
Contract talks stall: Chelsea & Arsenal handed...
Chelsea and Arsenal may reportedly have been handed a huge boost as Kenan...
2h ago from CaughtOffside.com
Big squad, limited minutes, international ambitions
Morning all. We are now 100% in the Interlull. We approached it, circled...
2h ago from Arseblog.com
Arsenal & Man United want player with 'rare blend...
Arsenal and Manchester United are interested in signing the highly rated...
16h ago from CaughtOffside.com
Chelsea ahead of rivals Arsenal and Liverpool in race...
Chelsea are reportedly ahead of Arsenal and Liverpool in the race to sign...
17h ago from SportsKeeda.com
Comments
Hottest News
Audi unveils 2026 concept, driver friendship
Nov.13 Audi has pulled the covers off a dramatic... Read More »
56m ago from OneStopStrategy.com
Bearman to replace Hamilton? Why it's time for a new...
There's no doubt that Lewis Hamilton's Ferrari... Read More »
56m ago from GPFans.com
Racing Bulls, ORF issue apologies after Brazil
Nov.13 Two separate apologies emerged in the... Read More »
56m ago from OneStopStrategy.com
