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 »
5y 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...
5y 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...
5y 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....
5y 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....
5y ago from GPBlog.com
Elsewhere On The Network
Popular On MGPToday.com
Aprilia considering manufacturer orders as MotoGP...
No description available...
18h ago from Motorsport.com
Winners and losers from MotoGP's frantic Indonesian...
No description available...
19h ago from Motorsport.com
Toprak Razgatlioglu to undergo shoulder scan: ‘I...
No description available...
19h ago from Motorsport.com
MotoGP announces Red Bull to become Australian Grand...
MotoGP has announced that energy drinks company Red Bull will become the...
19h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
New IndyCar chassis set for further evaluation next...
IndyCar’s new IR-28 Dallara chassis is scheduled to be subjected to its...
3d ago from MotorsportWeek.c...
Free agent Nolan Siegel ‘not done with IndyCar dream...
No description available...
3d ago from Motorsport.com
Team Penske and Chevrolet announce multi-year...
No description available...
4d ago from Motorsport.com
ECR and Chevrolet reaffirm 15-Year bond with...
No description available...
5d ago from Motorsport.com
Popular On TotalWRC.com
Sebastien Loeb tests new Project Rally One 2027 WRC car
No description available...
2d ago from Motorsport.com
WRC confirms America and UK returns for 2027 calendar
The World Rally Championship has announced its calendar for the 2027...
3d ago from MotorsportWeek.c...
Where Sami Pajari can improve after WRC title near miss
No description available...
3d ago from Motorsport.com
WRC expands 2027 calendar to 15 rounds as USA, UK...
No description available...
4d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal hero Thierry Henry reacts after his fake quote...
Arsenal legend Thierry Henry has dismissed a fake quote attributed to him...
1w ago from SportsKeeda.com
Arsenal consider sensational move for prolific...
Arsenal ready to make sensational Erling Haaland move if Manchester City...
1w ago from CaughtOffside.com
'No way' – Former Arsenal star makes damning...
Former Arsenal left-back Armand Traore has aimed a clear dig at Viktor...
1w ago from CaughtOffside.com
Arsenal captain Martin Odegaard unable to train due to...
Arsenal midfielder Martin Odegaard is unlikely to feature in Norway's...
1w ago from SportsKeeda.com
Comments
Hottest News
Christian Horner reveals panic attacks as he opens up on...
Former Red Bull team principal Christian Horner... Read More »
4h ago from GPFans.com
Lewis Hamilton has lost trust with Ferrari and the ending...
There has been a huge fallout following the... Read More »
10h ago from GPFans.com
American prodigy set for F1 debut with Cadillac in 2027
US racing prodigy Ugo Ugochukwu is reportedly set... Read More »
7h ago from GPFans.com
