News Details

F1 drivers to be included in salary cap working group

Formula 1's drivers will have a seat at the table when a new working group begins its discussions on a salary cap proposal which the sport aims to introduce in the future. This year's $145 million budget cap excludes, among other items, drivers' retainers as well as the salaries of the three highest paid members of a team's management. Last year, a proposal was tabled to limit drivers' salaries to $30 million. The idea gained traction with team bosses who see the restriction as a useful tool to help lower costs and drive equality in the sport. However, a few significant legal hurdles will likely need to be ironed out before such a provision cap can be implemented. The topic was discussed...
Full Story »
5y ago from F1i.com 0
Share

You May Also Be Interested In...

F1 drivers to be included in new working group to...

Get F1 news in your inbox! By signing up to the newsletter you agree to...
5y ago from Crash.net

McLaren Racing CEO Calls For Driver Salary Cap Amid...

McLaren Racing CEO Zak Brown has called on Formula One to agree a driver...
5y ago from Formula1News.co.uk

Working group to investigate F1 driver salary cap

Formula 1 will create a working group, which will include drivers, in...
5y ago from MotorsportWeek.com

Oxford Dictionary Removes ‘Outdated’ Words...

Three words have been removed from the Oxford Advanced Learner’s...
5y ago from Formula1News.co.uk

Elsewhere On The Network

Popular On MGPToday.com

Victoria Government rejects MotoGP requests to move...

The Victoria State Government has rejected a request from MotoGP to move...
19h ago from MotorsportWeek.c...

Dorna Sports unveils rebrand as part of MotoGP...

Dorna Sports has announced it will be officially known as MotoGP Sports...
23h ago from MotorsportWeek.c...

Popular On IndyCarToday.com

David Malukas heads the timesheets in opening IndyCar...

The NTT IndyCar Series held the first of two open test days at Phoenix...

George Barber, founder of iconic IndyCar venue, passes...

Barber Motorsports Park has announced that founder of the iconic track...
14h ago from MotorsportWeek.c...

Popular On TotalWRC.com

Elfyn Evans wins Swedish showdown

Elfyn Evans and Scott Martin clinched victory on Rally Sweden which ended...

Popular On GunnersToday.com

'We want to try and be brave' - Wolves boss sends...

Wolverhampton Wanderers head coach Rob Edwards acknowledged the quality in...
1h ago from SportsKeeda.com

Arsenal concerned about future of 23-year-old due to...

Arsenal could face a significant defensive decision this summer as...
1h ago from CaughtOffside.com

Wolves away a chance to extend the lead at the top

Morning. Arsenal can go 7 points clear at the top of the Premier League...
2h ago from Arseblog.com

Comments

Hottest News

Recent News


2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.