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F1 Teams Agree $30 Million Driver Salary Cap

On Monday, all F1 team bosses met virtually at the F1 Commission to vote on issues the sport is currently having to contend with. The main takeaway from this meeting was the pending addition of a driver salary cap starting in 2023 which was agreed upon by all the teams. READ: ‘Your Racism Is Showing’: Actress Accuses Lando Norris Of Being Racist Towards Lewis Hamilton This move is a step to further reduce F1 teams’ spending, as the budget cap scheduled to come into effect next year will not limit driver salaries or the salaries of the top three highest paid team employees. The World Motor Sport Council still needs to ratify the proposal which is set the salary cap for drivers at $30...
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