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
2026 MotoGP San Marino Grand Prix – How to watch,...
No description available...
2h ago from Motorsport.com
Marc Marquez reveals ‘strategic’ thinking behind...
No description available...
5h ago from Motorsport.com
“With the photo, Marc wants to end speculation about...
No description available...
9h ago from Motorsport.com
What’s at stake for MotoGP in San Marino?
After only a week off, MotoGP returns to action as the paddock descends...
8h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Rossi drives next-gen IndyCar IR-28 into new era at...
No description available...
6h ago from Motorsport.com
New IndyCar chassis successful in initial oval test
The NTT IndyCar Series has completed another milestone with its new IR-28...
13m ago from MotorsportWeek.c...
VeeKay and Juncos Hollinger Racing claim milestone top...
No description available...
1d ago from Motorsport.com
HRC US President David Salters leaves Honda
Honda Racing Corporation US has announced that David Salters is leaving...
2d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Elfyn Evans: Extra tyres essential to avoid WRC Rally...
No description available...
1h ago from Motorsport.com
Could Rally Chile offer Adrien Fourmaux the best...
No description available...
9h ago from Motorsport.com
Hyundai yet to make call on WRC future as new Rally2...
No description available...
9h ago from Motorsport.com
Tyre allocation increased for WRC Rally1 crews in Chile
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
Arsenal identify 24-year-old defensive target ahead of...
Arsenal are reportedly interested in signing the Sevilla defender Kike...
3h ago from CaughtOffside.com
'He's such a talented player' - Emmanuel Petit names...
Former Arsenal and France star Emmanuel Petit has claimed Julian Alvarez...
5h ago from SportsKeeda.com
'They would be almost complete if they had that' -...
Former Manchester City star and football pundit Micah Richards reckons...
4h ago from SportsKeeda.com
Arsenal send scouts to watch highly rated 24-year-old...
Arsenal are reportedly keeping tabs on the Sevilla midfielder Lucien...
4h ago from CaughtOffside.com
Comments
Hottest News
Italian Grand Prix result could be changed as F1 team...
The result of Sunday's F1 Italian Grand Prix at... Read More »
1h ago from GPFans.com
Oscar Piastri airs 'real life' Madring doubt with 'writing...
This weekend's Spanish Grand Prix at F1's latest... Read More »
1h ago from RacingNews365.com
Max Verstappen crashes in first laps of Madring circuit: 'I...
The buildup to this weekend's F1 debut of the... Read More »
4h ago from GPFans.com
