News Details
F1 set to introduce driver salary cap in 2023
Formula 1 is poised to introduce salary caps in 2023 as part of the wider cost saving measures being implemented in the coming seasons. The exact number has not yet been finalised, however it is believed that teams will be restricted to salaries of $30m between both of its drivers. Next year, a budget cap of $145m will come into effect, however salaries from the drivers and the top three highest-earning employees within a team are excluded from the restrictions. The overall budget cap will be reduced to $135m by 2023, a figure far lower than the originally agreed sum before the economic repercussions of the Covid-19 pandemic. However, teams may be able to offer their drivers a figure that...
Full Story »
Full Story »
5y ago from MotorsportWeek.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
Teams agree on $30m cap on driver salaries
Teams have agreed in principal to the introduction of a $30m cap on...
5y ago from Pitpass.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
'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
Elsewhere On The Network
Popular On MGPToday.com
Kevin Schwantz: “I see myself reflected in Marc...
No description available...
2h ago from Motorsport.com
Fermin Aldeguer suffers fracture in MotoGP training...
No description available...
4h ago from Motorsport.com
Marc Marquez to make Ducati return in private Valencia...
No description available...
1d ago from Motorsport.com
Pushing aero to the limit: The evolution of winglets...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Will Power turns first IndyCar laps with Andretti at...
IndyCar veteran Will Power completed his first test laps with his new...
5h ago from MotorsportWeek.c...
Alex Palou delivers takedown of McLaren F1 drivers...
IndyCar champion Alex Palou has delivered a takedown of both McLaren...
4h ago from MotorsportWeek.c...
Power completes “very good” first outing with...
No description available...
17h ago from Motorsport.com
McLaughlin set to have new spotter for 2026 IndyCar...
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
Dakar 2026, Stage 5: Ford strikes back to win but...
No description available...
8h ago from Motorsport.com
Hyundai postpones Thierry Neuville's Monte Carlo test...
No description available...
6h ago from Motorsport.com
Why defending champion Yazeed Al-Rajhi retired from...
No description available...
1d ago from Motorsport.com
Toyota reveals new-look WEC Hypercar for 2026 amid...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal ready to join race to sign Manchester City and...
Arsenal have reportedly joined the race to sign Liverpool and Manchester...
3h ago from SportsKeeda.com
Surprise report claims Arsenal are ready to hijack Man...
Arsenal are reportedly keeping an eye on Crystal Palace centre-back Marc...
4h ago from CaughtOffside.com
Former Arsenal star makes BIG prediction about recent...
Former Arsenal right-back Emmanuel Eboue has given his backing to...
4h ago from CaughtOffside.com
Comments
Hottest News
Toto Wolff addresses Mercedes power unit superiority...
Toto Wolff has delivered a telling update on... Read More »
2h ago from MotorsportWeek.com
The potential legal loophole stalling the alleged Christian...
Christian Horner might have to wait until... Read More »
27m ago from MotorsportWeek.com
Cadillac explain significant difference in major Ferrari...
Cadillac will join the grid for the first time... Read More »
37m ago from RacingNews365.com
