News Details

$30m salary cap to be introduced, reports suggest

Reports are suggesting that a salary cap is soon to be introduced, with teams able to spend a total of $30million on driver wages. A budget cap has been introduced this season with teams limited to spending $145m throughout the year, and the maximum amount of spending will drop in the years to come. However, the salaries of drivers aren't included in the cap, and many feel that they need to be in order to really create a level playing field. Alain Prost, former driver and Alpine special advisor, is one of them. “It was crucial. Teams that spend twice as much as us can hire a lot more staff and put more time into development,” he said. “If it is not the only element of difference,...
Full Story »
4y ago from PlanetF1.com 0
Share

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...
4y ago from Formula1News.co.uk

F1 closing on $30m per team driver salary cap

Apr.8 Formula 1 is closing in on a $30 million per team annual budget...
4y ago from OneStopStrategy.com

'F1 quickly presents salary cap with major...

Formula 1 is about to introduce a limit for the salary of its drivers....
4y 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....
4y ago from GPBlog.com

Elsewhere On The Network

Popular On MGPToday.com

Franco Morbidelli tops first Misano MotoGP practice

Despite crashing on his final run, VR46 Ducati rider Franco Morbidelli...

Yamaha unveils V4 MotoGP prototype for Misano

Yamaha has officially unveiled its new V4-powered YZR-M1 MotoGP bike,...
20h ago from MotorsportWeek.c...

Popular On IndyCarToday.com

Robert Shwartzman refutes rumors about unhappiness in...

Robert Shwartzman has denied that he is unhappy in IndyCar after wrapping...

Rinus VeeKay separates from Dale Coyne Racing

Rinus VeeKay will not race with Dale Coyne Racing next season after...

Popular On TotalWRC.com

Popular On GunnersToday.com

Days before first set of matches, UEFA confirm change...

UEFA have announced a major rule change that could help unregistered...
37m ago from SportsKeeda.com

“I’m not in the competition - I’m a different...

Arsenal defender Riccardo Calafiori named the players with the best...
37m ago from SportsKeeda.com

Calafiori dreamin' …

Morning. There's not a lot going on right now. Mikel Arteta's press...
4h ago from Arseblog.com

Liverpool, Arsenal, Man Utd & Chelsea all...

Liverpool, Arsenal, Manchester United and Chelsea are reportedly all...
4h ago from CaughtOffside.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.