News Details

Bottas not too keen on salary cap for drivers

Mercedes' Valtteri Bottas understands the need for Formula 1 to reduce costs at all levels of the sport, but the Finn believes the value of the drivers – the stars of the show – should always be recognized. After two years of gestation and many lengthy discussions between the sport's chiefs, the FIA and the teams, F1 introduced a budget cap for the first time this season. Teams must function within a $145m cost limit that will be reduced to $140m in 2022 and to $135m from 2023 onwards. However, the budget cap excludes all marketing costs, the salaries of the team’s three highest paid personnel as well as the drivers' retainers. But discussions are ongoing for a limit to be applied on...
Full Story »
4y ago from F1i.com 0
Share

You May Also Be Interested In...

Bottas on salary cap: 'Drivers are the stars, there's...

Valtteri Bottas doesn't seem to be a fan of a possible salary cap for...
4y ago from GPBlog.com

Bottas not yet optimistic about salary cap: 'Depends...

Valtteri Bottas doesn't seem to be a fan of a possible salary cap for...
4y ago from GPBlog.com

Red Bull to cap F1 drivers' salaries: 'Respect...

In 2021 there will be a budget cap for the first time in Formula 1, which...
4y ago from GPBlog.com

Baku organisers keen to host future Sprint Qualifying...

Azerbaijan Grand Prix organisers would be keen to host Sprint Qualifying...
4y ago from GrandPrix247.com

Elsewhere On The Network

Popular On MGPToday.com

Popular On IndyCarToday.com

Linus Lundqvist on standby if Nolan Siegel cannot race...

Arrow McLaren announced on Monday that Linus Lundqvist will be with the...
47m ago from MotorsportWeek.c...

Mixed Iowa fortunes eliminates Team Penske from...

Team Penske showed flashes of domination in the two races from Iowa...

Alex Palou opens ‘all the options’ in Ganassi’s...

Alex Palou won his seventh IndyCar race of the season on Sunday,...
27m ago from MotorsportWeek.c...

Popular On TotalWRC.com

Popular On GunnersToday.com

Arteta's Arsenal: Can the Gunners' Boss Deliver the...

The question hanging over North London is no longer one of progress, but...
27m ago from FreshArsenal.com

Report: Arsenal set to seal £15million deal as Andrea...

Arsenal are closing in on the signing of another first team addition on...
2h ago from FreshArsenal.com

Fabrizio Romano and Ben Jacobs provide update on...

Arsenal have been linked with Eberechi Eze this summer, but with Noni...
3h ago from FreshArsenal.com

'He’s not just making one step' - Ex-Chelsea star...

Former Chelsea star William Gallas has warned Arsenal target Viktor...
3h ago from SportsKeeda.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.