F1 closing on yearly driver salary cap starting next season
Apr.8 - Formula 1 is closing in on a $30 million per team annual budget cap to specifically limit spending on drivers.
According to Italy's La Gazzetta dello Sport and other specialist publications, the FIA and Liberty Media are poised to circulate the proposal among F1 teams.
"According to rumours," wrote correspondent Luigi Perna, "they have come to defining a figure. Each team, in the coming seasons, can spend a maximum of $30 million for the two drivers plus reserves.
"Bonuses and personal image rights would be excluded," he added.
The measure would immediately affect Mercedes' Lewis Hamilton, who is paid about $45 million per year, while high earners like Max Verstappen and Charles Leclerc may also be unhappy.
Ferrari driver Leclerc is quoted by Corriere della Sera: "I have an opinion on the matter, but I prefer to talk about it with the FIA rather than in public.
"But I do want to point out the risks that we take on the track," he said.
✅ Check out more posts with related topics:
"But I do want to point out the risks that we take on the track," - so does firefighters and I don't recall them making millions. This is an occupational risk and should not be taken as an argument for or against salary cap.
"But I do want to point out the risks that we take on the track," (Leclerc). The risks for all drivers are the same.
"Bonuses and personal image rights would be excluded,"
That about says it all.
Yes, simple loophole. Who is going to take a 50% cut in salary? Soccer, basketball, American football all have guys with huge salaries... Little ridiculous, but its all about advertising.
Swede, big SALARY cut and then performance bonuses for showing up, qualifying, starting a race, finishing position, getting TV time, etc.. A SALARY cap won't do dick.
Right
That's Hamilton out then. Unless they pair him with Mazepin!
✅ Checkout the latest 50 F1 Fans comments.