News Details

$30m salary cap to be introduced, reports suggest

Reports are suggesting that a salary cap is soon to be introduced, with teams able to spend a total of $30million on driver wages. A budget cap has been introduced this season with teams limited to spending $145m throughout the year, and the maximum amount of spending will drop in the years to come. However, the salaries of drivers aren't included in the cap, and many feel that they need to be in order to really create a level playing field. Alain Prost, former driver and Alpine special advisor, is one of them. “It was crucial. Teams that spend twice as much as us can hire a lot more staff and put more time into development,” he said. “If it is not the only element of difference,...
Full Story »
4y ago from PlanetF1.com 0
Share

You May Also Be Interested In...

Charles Leclerc Refuses To Share Opinion On F1 Driver...

Ferrari driver Charles Leclerc has refused to publicly voice his views on...
4y ago from Formula1News.co.uk

F1 closing on $30m per team driver salary cap

Apr.8 Formula 1 is closing in on a $30 million per team annual budget...
4y ago from OneStopStrategy.com

'F1 quickly presents salary cap with major...

Formula 1 is about to introduce a limit for the salary of its drivers....
4y ago from GPBlog.com

Salary cap has big consequences for Hamilton and...

Formula 1 is about to introduce a limit for the salary of its drivers....
4y ago from GPBlog.com

Elsewhere On The Network

Popular On MGPToday.com

Pedro Acosta reveals how ‘disaster’ Saturday...

Pedro Acosta revealed “KTM is improving in every race” after taking...
21h ago from MotorsportWeek.c...

Marc Marquez: ‘Not normal to win every weekend’...

Marc Marquez admits “it’s not normal to win every weekend” despite...

Popular On IndyCarToday.com

Popular On TotalWRC.com

Popular On GunnersToday.com

“I’ve been saying the last two years' - Pundit...

Former Premier League player turned pundit Danny Simpson believes...
2h ago from SportsKeeda.com

Kiwior linked with Porto, Berta's loan + obligation...

Morning. I know there's probably a cut-off point when it comes to Eberechi...
4h ago from Arseblog.com

Concrete negotiations: Arsenal involved in talks to...

According to journalist Florian Plettenberg, Arsenal have stepped up their...
5h ago from CaughtOffside.com

'He needs to liven up' - Rio Ferdinand offers advice...

Manchester United legend Rio Ferdinand has advised Altay Bayindir to liven...
5h ago from SportsKeeda.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.