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
The MotoGP changes Liberty Media should make,...
No description available...
13h ago from Motorsport.com
Fabio Quartararo reveals MotoGP moment that felt...
No description available...
1d ago from Motorsport.com
Fermin Aldeguer suffers fracture in MotoGP training...
No description available...
2d ago from Motorsport.com
Kevin Schwantz: “I see myself reflected in Marc...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
Ranking IndyCar’s rising stars to watch in 2026
No description available...
11h ago from Motorsport.com
Will Power turns first IndyCar laps with Andretti at...
IndyCar veteran Will Power completed his first test laps with his new...
2d ago from MotorsportWeek.c...
Alex Palou delivers takedown of McLaren F1 drivers...
IndyCar champion Alex Palou has delivered a takedown of both McLaren...
2d ago from MotorsportWeek.c...
Power completes “very good” first outing with...
No description available...
3d ago from Motorsport.com
Popular On TotalWRC.com
Tyre Lottery at the 2026 Dakar Rally: What’s going...
No description available...
11h ago from Motorsport.com
Why M-Sport has faith in youth over experience WRC...
No description available...
16h ago from Motorsport.com
WRC Rally Islas Canarias stays until 2029
WRC Promotor and Rally Islas Canarias have signed a three year extension...
14h ago from MotorsportWeek.c...
Dakar 2026, Stage 6: Nasser Al-Attiyah regains overall...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
“He’s not going to play” - Tim Sherwood suggests...
Former Premier League manager Tim Sherwood has urged Marc Guehi to snub...
8h ago from SportsKeeda.com
Surprise claim that important Arsenal star 'making...
Arsenal forward Gabriel Martinelli could reportedly be making plans to...
15h ago from CaughtOffside.com
Two Arsenal transfer targets could point towards...
Arsenal are reportedly looking at two transfer targets that could point...
14h ago from CaughtOffside.com
82 Premier League goals: Arsenal almost signed better...
Arsenal must be starting to regret their move to sign Viktor Gyokeres this...
13h ago from CaughtOffside.com
Comments
Hottest News
FIA meeting confirmed amid Mercedes and Red Bull ban fears
The FIA have confirmed that a meeting will take... Read More »
7h ago from GPFans.com
Mercedes axe F1 distraction
Mercedes F1 boss Toto Wolff has confirmed a... Read More »
5h ago from GPFans.com
Audi drivers react to ‘fantastic' first F1 car...
Audi F1 drivers Nico Hulkenberg and Gabriel... Read More »
15h ago from MotorsportWeek.com
