News Details
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...
Full Story »
Full Story »
4y ago from Formula1News.co.uk
0
You May Also Be Interested In...
F1 teams agree in principle to $30m driver salary cap
The Formula 1 teams have agreed in principle to a driver salary cap which...
4y ago from GrandPrix247.com
F1 teams agree to cap drivers' salaries from 2023!
Formula 1 teams have reportedly agreed to introduce a $30m cap on...
4y ago from F1i.com
Teams agree on $30m cap on driver salaries
Teams have agreed in principal to the introduction of a $30m cap on...
4y 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...
4y ago from MotorsportWeek.com
Elsewhere On The Network
Popular On MGPToday.com
Brazilian GP replaces Argentina in 2026 MotoGP calendar
No description available...
15h ago from Motorsport.com
Brazil replaces Argentina as 2026 MotoGP calendar...
The 2026 MotoGP calendar has officially been released and the new season...
14h ago from MotorsportWeek.c...
Motegi remains on MotoGP calendar through 2030
MotoGP has officially confirmed that the Japanese Grand Prix at Motegi...
1d ago from MotorsportWeek.c...
MotoGP constructors push for F1-style ‘Concorde...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
Arrow McLaren set to move into new race facility in...
Arrow McLaren has officially taken ownership of what will be its new...
13h ago from MotorsportWeek.c...
Arrow McLaren expands IndyCar operations with new...
No description available...
12h ago from Motorsport.com
Why Rinus VeeKay believes there's more to come after...
No description available...
2d ago from Motorsport.com
The Winners and Losers of IndyCar’s 2025 Indy Toronto
No description available...
3d ago from Motorsport.com
Popular On TotalWRC.com
How Oliver Solberg’s rapid WRC return shakes up...
No description available...
6d ago from Motorsport.com
How WRC rivals reacted to Oliver Solberg's first...
No description available...
3d ago from Motorsport.com
Oliver Solberg stuns with maiden WRC victory in Estonia
Oliver Solberg and Elliot Edmondson stunned the WRC elite with a...
4d ago from MotorsportWeek.c...
How the WRC service park reacted to Oliver Solberg's...
No description available...
4d ago from Motorsport.com
Popular On GunnersToday.com
Mosquera signs, Rice talks
Morning, happy Friday folks. Arsenal yesterday officially announced the...
57m ago from Arseblog.com
Official: Arsenal confirm the signing of 21-year-old...
Arsenal have officially completed the signing of Cristhian Mosquera from...
1h ago from FreshArsenal.com
Alexander Isak open to leaving Newcastle with...
t;li>Striker not in squad for pre-season friendlies in AsiaCristhian...
6h ago from TheGuardian.com
'His professional and human conduct was reprehensible'...
Football coach and pundit Laurindo Filho has lambasted Arsenal-bound...
9h ago from SportsKeeda.com
Comments
Hottest News
Red Bull reveal HIDDEN detail on Max Verstappen's car
Red Bull have revealed Max Verstappen's car will... Read More »
6h ago from GPFans.com
Red Mist: Why McLaren’s Stella sees Ferrari as the big...
Andrea Stella is among several top Formula 1 men... Read More »
7h ago from GrandPrix247.com
Toto Wolff announces shock Max Verstappen driver decision...
Mercedes F1 boss Toto Wolff has addressed growing... Read More »
16h ago from GPFans.com
