News Details
F1 teams agree in principle to $30m driver salary cap
The Formula 1 teams have agreed in principle to a driver salary cap which is set to come into effect from 2023. While the final number has not yet been confirmed, the initial plans are to cap the combined salary of both drivers to $30 million. The plans are part of ongoing efforts by Formula 1 to limit spending in light of the COVID-19 pandemic, with the budget cap set to be introduced from the start of the 2021. The teams met on Monday and the plans received the initial backing of the 10 teams, although they will need to be ratified by the motorsport council. Lewis Hamilton is the highest paid driver on the grid right now and has not agreed to extend his stay beyond the end of this...
Full Story »
Full Story »
4y ago from GrandPrix247.com
0
You May Also Be Interested In...
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
F1 set to introduce driver salary cap in 2023
Formula 1 is poised to introduce salary caps in 2023 as part of the wider...
4y ago from MotorsportWeek.com
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
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
Elsewhere On The Network
Popular On MGPToday.com
Guenther Steiner finalizing purchase of Tech3 MotoGP...
No description available...
20h ago from Motorsport.com
Former F1 team principal Guenther Steiner set to take...
Former Haas Formula 1 team principal Guenther Steiner is finalising a...
17h ago from MotorsportWeek.c...
Why Alex Marquez isn't worried he’s tumbling out of...
No description available...
1d ago from Motorsport.com
‘At Balaton, MotoGP bikes might not even use fifth...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
FOX Corporation acquires one-third stake in IndyCar...
No description available...
2d ago from Motorsport.com
FOX acquires 33% stake in Penske Entertainment, IndyCar
Fox Corporation, parent company of broadcast company FOX Sports, has...
2d ago from MotorsportWeek.c...
Colton Herta: IndyCar at Laguna Seca is a...
IndyCar’s latest visit to Laguna Seca produced rave reviews from...
3d ago from MotorsportWeek.c...
Alex Palou will not play it safe in Portland to secure...
No description available...
4d ago from Motorsport.com
Popular On TotalWRC.com
Kalle Rovanperä leads five-driver Toyota lockout in...
Wet weather greeted the competitors on Saturday morning as the longest...
11h ago from MotorsportWeek.c...
World Rally Champion claims “all hopes are lost”...
No description available...
10h ago from Motorsport.com
WRC Rally Finland: Toyota locks out top five after...
No description available...
12h ago from Motorsport.com
Clash with WRC scrutineer earns Ott Tanak 5-min...
No description available...
21h ago from Motorsport.com
Popular On GunnersToday.com
Mikel Arteta has already been fine-tuning new tactics...
Arsenal manager Mikel Arteta has reportedly already begun adjusting his...
17h ago from CaughtOffside.com
The new Arsenal figure who's made a big impression on...
Arsenal's new coach Gabriel Heinze has reportedly made quite an impression...
17h ago from CaughtOffside.com
Report: Tottenham intensify contacts to sign 90m-rated...
Tottenham Hotspur are hoping to sign Rodrygo Goes from Real Madrid during...
17h ago from CaughtOffside.com
'He could play tomorrow if the Premier League started'...
Journalist Graeme Bailey has claimed that Arsenal coaches and the Gunners'...
15h ago from SportsKeeda.com
Comments
Hottest News
Vasseur reveals the reason for Leclerc's shock pole...
On the back of Ferrari's first pole position of... Read More »
1h ago from F1Technical.net
Hungarian Grand Prix - Qualifying results
Full results from qualifying for the Hungarian... Read More »
14h ago from F1i.com
Leclerc reveals why he stays in Budapest until Wednesday
Having secured the pole position for Sunday's... Read More »
2h ago from F1Technical.net
