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 »
3y 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...
3y 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...
3y 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....
3y 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....
3y ago from GPBlog.com

Elsewhere On The Network

Popular On MGPToday.com

Quartararo reveals arm pump struggles at MotoGP...

Fabio Quartararo has revealed that Yamaha's 2024 bike turning difficulties...

MotoGP postpone Kazakhstan 2024 debut

MotoGP announced Friday that it has postponed the Grand Prix of Kazakhstan...

Popular On IndyCarToday.com

Chevrolet confirms it had no knowledge of Team Penske...

Just over a week has passed since IndyCar announced the disqualification...

American flag livery returns for AJ Foyt Indy 500 entry

AJ Foyt Racing announced Wednesday that it is bringing its popular...

Popular On TotalWRC.com

Popular On GunnersToday.com

Andoni Iraola provides Antoine Semenyo injury update...

Bournemouth boss Andoni Iraola provides a positive injury update on...
38m ago from SportsMole.co.uk

Liverpool 'hatch plan to beat Arsenal to Willian Pacho...

Liverpool reportedly hatch a plan to beat Arsenal to the signing of...
48m ago from SportsMole.co.uk

Comments

Hottest News

McLaren star undergoes successful surgery as stand-in...

McLaren have announced that they expect a driver... Read More »
1h ago from GPFans.com

LIVE: 2024 F1 Miami Grand Prix - Free Practice

Follow along with live coverage of Free Practice... Read More »
2h ago from RacingNews365.com

Bottas visibly upset by organizational change at Sauber

There was a clear air of frustration emanating... Read More »
3h ago from F1i.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.