News Details
F1 closing on $30m per team driver salary cap
Apr.8 Formula 1 is closing in on a $30 million per team annual budget cap to specifically limit spending on drivers. According to Italy's La Gazzetta dello Sport and other specialist publications, the FIA and Liberty Media are poised to circulate the proposal among F1 teams. 'According to rumours,' wrote correspondent Luigi Perna, 'they have come to defining a figure. Each team, in the coming seasons, can spend a maximum of $30 million for the two drivers plus reserves. 'Bonuses and personal image rights would be excluded,' he added. The measure would immediately affect Mercedes' Lewis Hamilton, who is paid about $45 million per year, while high earners like Max Verstappen and Charles...
Full Story »
Full Story »
4y ago from OneStopStrategy.com
0
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 Sprint Race Trial To Go Ahead After Teams Agree...
Formula One is poised to trial sprint races at three rounds of the 2021...
4y ago from Formula1News.co.uk
'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
Jerez hosts three days of private MotoGP testing with...
No description available...
11h ago from Motorsport.com
Aprilia boss on calming Marco Bezzecchi: ‘He’s...
No description available...
14h ago from Motorsport.com
Pedro Acosta leads MotoGP standings after opener –...
No description available...
1d ago from Motorsport.com
How Raul Fernandez is chasing his next MotoGP contract
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar reveals track design for Washington D.C. event
IndyCar has revealed the track design for the newly-added event in...
10h ago from MotorsportWeek.c...
Washington D.C. IndyCar track layout and event logo...
No description available...
10h ago from Motorsport.com
David Malukas’ Penske poise earns accolades from...
After just two races with Team Penske under his belt, David Malukas is...
11h ago from MotorsportWeek.c...
Pit stop mishap hinders Mick Schumacher in oval debut
No description available...
1d ago from Motorsport.com
Popular On TotalWRC.com
Hyundai's WRC upgrade plan to close the gap to Toyota
No description available...
10h ago from Motorsport.com
Why Hyundai WRC team is "working at 120 per...
No description available...
4d ago from Motorsport.com
Lando Norris samples Toyota rally car alongside Oliver...
No description available...
6d ago from Motorsport.com
Lancia rally legend Sandro Munari passes away aged 85
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Bayer Leverkusen vs Arsenal Prediction and Betting...
Bayer Leverkusen welcome Arsenal for the first leg of their UEFA Champions...
7h ago from SportsKeeda.com
FA Cup quarter-final draw: Man City face Liverpool
Manchester City have been drawn against Liverpool in the FA Cup...
7h ago from SkySports.com
'He's dangerous for society' – Patrice Evra labels...
Manchester United legend Patrice Evra has suggested that former Arsenal...
10h ago from SportsKeeda.com
“I don’t care if he’s happy or unhappy” -...
Former Arsenal winger Perry Groves has criticized Mikel Arteta for sending...
11h ago from SportsKeeda.com
Comments
Hottest News
Max Verstappen rages at F1 driver leaking private...
Max Versappen is not best pleased with one of his... Read More »
7h ago from GPFans.com
F1MATHS: Telemetry shows where Mercedes' enormous advantage...
The first qualifying session of the 2026 Formula... Read More »
19h ago from F1Technical.net
F1: FIA to act on energy management before Japan?
There is growing speculation that the FIA will... Read More »
9h ago from Pitpass.com
