News Details

Teams agree on $30m cap on driver salaries

Teams have agreed in principal to the introduction of a $30m cap on drivers salaries to be introduced in 2023. The move will follow the introduction of a $145m racing budget to be introduced next season as part of the sport's efforts to level the playing field and entice new teams. However, in a move with which aficionados of Fantasy F1 games will be familiar, the $30m budget planned for 2023 would cover both drivers. Consequently a team could employ two drivers at $15m apiece or one at $25m and the other at $5m. Or, as is rapidly becoming the norm, Dad buys the team and the full $30m is splashed out on the star driver. Hard to believe but the $145 budget to be introduced next year does...
Full Story »
5y ago from Pitpass.com 0
Share

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

'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

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

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...
5y ago from GrandPrix247.com

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

Arrow McLaren unveils liveries for 2026 IndyCar...

Arrow McLaren has taken the wraps off its trio of challengers for the...

Felix Rosenqvist: Modern IndyCar demands driving...

Felix Rosenqvist has commented about how IndyCar drivers have to push...
13h ago from MotorsportWeek.c...

Popular On TotalWRC.com

Popular On GunnersToday.com

Arsenal and Chelsea send high-ranking official to...

Bayern Munich attacker Lennart Karl has been linked with a move away from...
6h ago from CaughtOffside.com

Arsenal and Chelsea pushing hard to sign Championship...

Arsenal, Chelsea and Liverpool are interested in signing the Middlesbrough...
6h ago from CaughtOffside.com

'That's a cheeky little tactic' - Gary Neville gives...

Gary Neville has heaped praise on Chelsea manager Liam Rosenior for his...
12h ago from SportsKeeda.com

Man United told to enter transfer race for ‘top'...

Manchester United have been encouraged to closely monitor the situation of...
14h ago from CaughtOffside.com

Comments

Hottest News

F1: FW48 hits the track

Williams 2026 contender, the FW48, has finally... Read More »
4h ago from Pitpass.com

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.