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...
4y ago from GrandPrix247.com
McLaren support new aero rules despite potential 2021...
McLaren drivers Lando Norris and Carlos Sainz have backed the upcoming...
4y ago from GPFans.com
Tsunoda in line for AlphaTauri practice outing
AlphaTauri are considering running Yuki Tsunoda in a Friday practice...
4y ago from PlanetF1.com
Perez edges closer to grid penalty
One of the true stars of the Portuguese Grand Prix, Sergio Perez has...
4y ago from Pitpass.com
Elsewhere On The Network
Popular On MGPToday.com
Attritional German GP matches record for fewest...
No description available...
11h ago from Motorsport.com
MotoGP German GP: Marc Marquez dominates for victory...
No description available...
14h ago from Motorsport.com
Marc Márquez wins crash-filled German MotoGP as just...
t;li>Márquez holds off brother Alex to extend title leadFrancesco...
12h ago from TheGuardian.com
MotoGP German GP: Marc Marquez dominates for victory...
No description available...
13h ago from Motorsport.com
Popular On IndyCarToday.com
Winners and Losers from IndyCar’s 2025 Iowa Speedway...
No description available...
3h ago from Motorsport.com
Alex Palou wins a strategic IndyCar Iowa Speedway Farm...
No description available...
4h ago from Motorsport.com
Palou returns to the top with Iowa Speedway victory
The second IndyCar race in as many days took place at Iowa Speedway on...
6h ago from MotorsportWeek.c...
IndyCar Iowa – Race 2 Results
The second race of IndyCar’s double-header took place on Sunday...
6h ago from MotorsportWeek.c...
Popular On TotalWRC.com
Chase Briscoe compares 'unbelievable' SVG to Michael...
No description available...
2h ago from Motorsport.com
Ty Dillon’s last lap gamble bumps Alex Bowman from...
No description available...
2h ago from Motorsport.com
Pit road confrontation erupts after close call during...
No description available...
3h ago from Motorsport.com
Shane van Gisbergen extends winning streak with an...
No description available...
3h ago from Motorsport.com
Popular On GunnersToday.com
Arsenal take step closer to signing £68m Premier...
Arsenal are making moves in the summer transfer window, and with deals for...
6h ago from CaughtOffside.com
Arsenal close to completing long-awaited transfer...
Arsenal have long desired the signing of a prolific striker, and in the...
8h ago from CaughtOffside.com
Arsenal agree 63.5m Viktor Gyökeres deal with...
t;li>Total cost of deal likely to be close to 80mMadueke close to...
6h ago from TheGuardian.com
Fabrizio Romano: Arsenal set to sign 70m striker + a...
Arsenal are closing in on a blockbuster double swoop, with transfer guru...
8h ago from FreshArsenal.com
Comments
Hottest News
Geri Horner faces spiralling debt amid Christian Horner Red...
Geri Halliwell-Horner is facing a financial blow... Read More »
12h ago from GPFans.com
Christian Horner backed for stronger F1 RETURN after Toto...
Recently sacked F1 boss Christian Horner has been... Read More »
7h ago from GPFans.com
Aston Martin F1 driver statement details George Russell...
A telling statement from Aston Martin has... Read More »
10h ago from GPFans.com