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 »
4y 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...
4y 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...
4y 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...
4y 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...
4y ago from GPBlog.com
Elsewhere On The Network
Popular On MGPToday.com
Attritional German GP matches record for fewest...
No description available...
10h 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
Marc Marquez dominates to take victory in crash-heavy...
Marc Marquez produced a dominant showing to seal a ninth German MotoGP...
13h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Alex Palou wins a strategic IndyCar Iowa Speedway Farm...
No description available...
3h ago from Motorsport.com
Winners and Losers from IndyCar’s 2025 Iowa Speedway...
No description available...
3h 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...
5h ago from MotorsportWeek.c...
IndyCar Iowa – Race 2 Results
The second race of IndyCar’s double-header took place on Sunday...
5h ago from MotorsportWeek.c...
Popular On TotalWRC.com
Ty Dillon’s last lap gamble bumps Alex Bowman from...
No description available...
1h ago from Motorsport.com
Chase Briscoe compares 'unbelievable' SVG to Michael...
No description available...
1h ago from Motorsport.com
Shane van Gisbergen extends winning streak with an...
No description available...
2h ago from Motorsport.com
Alex Palou wins a strategic IndyCar Iowa Speedway Farm...
No description available...
3h ago from Motorsport.com
Popular On GunnersToday.com
Arsenal agree 63.5m Viktor Gyökeres deal with...
t;li>Total cost of deal likely to be close to 80mMadueke close to...
5h 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...
7h ago from FreshArsenal.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 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
Comments
Hottest News
Geri Horner faces spiralling debt amid Christian Horner Red...
Geri Halliwell-Horner is facing a financial blow... Read More »
11h ago from GPFans.com
Christian Horner backed for stronger F1 RETURN after Toto...
Recently sacked F1 boss Christian Horner has been... Read More »
6h ago from GPFans.com
Red Bull F1 chiefs have 'given up' Max Verstappen fight
Max Verstappen's F1 future remains uncertain, but... Read More »
7h ago from GPFans.com
