News Details
F1 teams agree in principle to $30m driver salary cap
The Formula 1 teams have agreed in principle to a driver salary cap which is set to come into effect from 2023. While the final number has not yet been confirmed, the initial plans are to cap the combined salary of both drivers to $30 million. The plans are part of ongoing efforts by Formula 1 to limit spending in light of the COVID-19 pandemic, with the budget cap set to be introduced from the start of the 2021. The teams met on Monday and the plans received the initial backing of the 10 teams, although they will need to be ratified by the motorsport council. Lewis Hamilton is the highest paid driver on the grid right now and has not agreed to extend his stay beyond the end of this...
Full Story »
Full Story »
5y ago from GrandPrix247.com
0
You May Also Be Interested In...
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
F1 set to introduce driver salary cap in 2023
Formula 1 is poised to introduce salary caps in 2023 as part of the wider...
5y ago from MotorsportWeek.com
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
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
Elsewhere On The Network
Popular On MGPToday.com
No new Yamaha MotoGP engine until after French GP,...
No description available...
5h ago from Motorsport.com
Aprilia on dominant MotoGP start: 'Ducati isn’t...
No description available...
1d ago from Motorsport.com
Fermin Aldeguer to attempt MotoGP comeback in Brazil...
No description available...
1d ago from Motorsport.com
Davide Tardozzi: Ducati 'slapped in the face' by...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Chip Ganassi praises current health of IndyCar
Long-time team owner Chip Ganassi feels IndyCar is currently in one of...
18h ago from MotorsportWeek.c...
Andretti boss: “I don’t think anything’s a...
No description available...
21h ago from Motorsport.com
Winners and losers from the 2026 IndyCar season-opener...
No description available...
2d ago from Motorsport.com
Mick Schumacher’s IndyCar debut returns him to the...
Mick Schumacher began his IndyCar career this past weekend, competing in...
2d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Why Hyundai WRC team is "working at 120 per...
No description available...
22h ago from Motorsport.com
Lando Norris samples Toyota rally car alongside Oliver...
No description available...
3d ago from Motorsport.com
Lancia rally legend Sandro Munari passes away aged 85
No description available...
5d ago from Motorsport.com
Popular On GunnersToday.com
'Don’t really care about what he says' –...
Arsenal’s 1-0 victory over Brighton & Hove Albion might not have been a...
45m ago from CaughtOffside.com
CaughtOffside's Transfer Fit rating explained: Michael...
Transfers are a big part of football, and it's every bit as chaotic and...
1h ago from CaughtOffside.com
“We don’t really care' - Arsenal star Gabriel...
Arsenal star Gabriel Magalhaes has opened up about Fabian Hurzeler's...
1h ago from SportsKeeda.com
“Chelsea gave me what was difficult for me to get at...
Former Chelsea and Arsenal star Cesc Fabregas has opened up on his wish to...
4h ago from SportsKeeda.com
Comments
Hottest News
Honda lost most of its Formula 1 qualified staff and didn't...
Adrian Newey said Aston Martin was blindsided by... Read More »
5h ago from GrandPrix247.com
Aston Martin is a 'funeral': F1 insider reveals team...
Aston Martin have reached the point in their... Read More »
4h ago from GPFans.com
F1 2026 Australian Grand Prix – FP2 results
Oscar Piastri ended Friday on top of the times... Read More »
9h ago from MotorsportWeek.com
