F1 teams are discussing the introduction of a driver salary cap Formula 1 teams are currently discussing the potential introduction of a driver salary cap for the 2023 season. Financial Regulations have this year been introduced into the sport for the first time in its history. A USD $145million cost cap has been introduced, with a glide path down to $135million over the coming two years. However, there are number of exclusions to that figure, the salary of the drivers and the team’s three best-paid staff among them. There are now moves to cap that spend. “We are in early discussions, so I think there needs to be done a lot more work before we get to a number and how it is applied and...
Full Story »