News Details

Report: Ricciardo takes base salary cut in McLaren deal

Daniel Ricciardo's contract with McLaren will see him take a lower base salary than he received at Renault, per a report from French media. Believed to be guaranteed 20 million a year at the French constructor, from 2021 Ricciardo will take home just 10 million a year, albeit with the opportunity to raise that number as high as 31 million with bonuses. As reported by sportune.fr, Ricciardo will receive an additional 400,000 for each points finish, and 1 million for each victory from the Woking outfit. As to the length of the contract, the Australian is locked-in on a two-year deal, with the option for a one-year extension should he desire. That means Ricciardo's first chance to re-evaluate...
Full Story »
5y ago from GrandPrix247.com 0
Share

You May Also Be Interested In...

Ricciardo agreed hefty pay cut for McLaren move

Daniel Ricciardo will have his salary slashed in half when he moves from...
5y ago from PlanetF1.com

Formula 1 to vote on cap, other rule changes on Friday

Formula 1 is set to vote on a raft of regulation changes on Friday, most...
5y ago from GrandPrix247.com

Abiteboul again pleads for a salary cap: 'We need to...

The first step to reduce the costs of Formula 1 has now been taken with...
5y ago from GPBlog.com

Teams agree new budget cap and cost-cutting deal

Formula 1 teams have agreed to reduce the upcoming budget cap to $145...
5y ago from PlanetF1.com

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

IndyCar grows international broadcast offerings for...

The NTT IndyCar Series has announced that its already extensive global...

Alexander Rossi fastest as rain disrupts second...

The NTT IndyCar Series completed the second and final day of testing at...

Popular On TotalWRC.com

Elfyn Evans wins Swedish showdown

Elfyn Evans and Scott Martin clinched victory on Rally Sweden which ended...

Popular On GunnersToday.com

Premier League club exploring deal to sign 19-year-old...

Nottingham Forest are reportedly eyeing Arsenal's young goalkeeper Tommy...
35m ago from CaughtOffside.com

23-year-old reveals he would 'love' to play for 'great...

Bayer Leverkusen attacking midfielder Malik Tillman has revealed that he'd...
2h ago from CaughtOffside.com

Talks held: Arsenal step up efforts to beat Man Utd to...

Arsenal have reportedly held initial talks over a potential transfer move...
1h ago from CaughtOffside.com

'We need some perspective' | Rice advises caution over...

Declan Rice opens up about Arsenal's draw against Wolves at Molineux and...
1h ago from SkySports.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.