News Details
F1 set to introduce driver salary cap in 2023
Formula 1 is poised to introduce salary caps in 2023 as part of the wider cost saving measures being implemented in the coming seasons. The exact number has not yet been finalised, however it is believed that teams will be restricted to salaries of $30m between both of its drivers. Next year, a budget cap of $145m will come into effect, however salaries from the drivers and the top three highest-earning employees within a team are excluded from the restrictions. The overall budget cap will be reduced to $135m by 2023, a figure far lower than the originally agreed sum before the economic repercussions of the Covid-19 pandemic. However, teams may be able to offer their drivers a figure that...
Full Story »
Full Story »
5y ago from MotorsportWeek.com
0
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
Teams agree on $30m cap on driver salaries
Teams have agreed in principal to the introduction of a $30m cap on...
5y ago from Pitpass.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
'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
Elsewhere On The Network
Popular On MGPToday.com
MotoGP confirms 2027 calendar release date –...
MotoGP has officially confirmed that the Circuit Ricardo Tormo in...
4h ago from MotorsportWeek.c...
Francesco Bagnaia credits Dani Pedrosa TV comment for...
No description available...
7h ago from Motorsport.com
The key technical moves shaping MotoGP’s 2027 grid
No description available...
6h ago from Motorsport.com
Jack Miller “embarrassed” after Austrian GP pace...
No description available...
9h ago from Motorsport.com
Popular On IndyCarToday.com
Abbi Pulling headlines 11-driver Indy NXT test at...
No description available...
5d ago from Motorsport.com
AJ Foyt Racing signs reigning IndyCar Rookie of the...
No description available...
6d ago from Motorsport.com
Foyt signs Dennis Hauger for 2027 IndyCar season
AJ Foyt Racing has announced that it is brining on Dennis Hauger for the...
6d ago from MotorsportWeek.c...
From Värnamo to victory lane: Hometown hero Felix...
No description available...
1w ago from Motorsport.com
Popular On TotalWRC.com
Esapekka Lappi calls it quits on his rallying career
After 95 WRC starts and two victories, as well as 15 podiums, Esapekka...
6h ago from MotorsportWeek.c...
WRC rally winning co-driver Terry Harryman passes away
No description available...
11h ago from Motorsport.com
Factory WRC driver Esapekka Lappi to pause...
No description available...
1d ago from Motorsport.com
BBC to show the World Rally Championship on the telly
For the first time since 2001, BBC will broadcast the FIA World Rally...
2d ago from MotorsportWeek.c...
Popular On GunnersToday.com
Arsenal told Liverpool star would have been 'a perfect...
Arsenal sporting director Andrea Berta has been criticised for overlooking...
1h ago from CaughtOffside.com
Arteta agrees new Arsenal contract
Mikel Arteta has agreed a new deal to extend his stay at Arsenal.
2h ago from SkySports.com
Mikel Arteta agrees contract extension expected to...
t;li>Manager’s current deal to expire at end of the seasonSpaniard...
2h ago from TheGuardian.com
'He's so obsessed with his club' | Arteta set to sign...
Sky Sports' Kaveh Solhekol and Gary Cotterill provide the latest on Mikel...
2h ago from SkySports.com
Comments
Hottest News
Norris and Verstappen call for discussion over F1’s VSC...
Lando Norris believes Formula 1 should discuss... Read More »
5h ago from F1Technical.net
F1 boss Stefano Domenicali's eye-watering pay package...
F1 president and chief executive Stefano... Read More »
1h ago from GPFans.com
Guenther Steiner issues bold Lando Norris prediction for F1...
Former Haas team principal Guenther Steiner... Read More »
1h ago from MotorsportWeek.com
