Video: Why F1 may be on the cusp of a driver market revolution - The Race
Formula 1

Video: Why F1 may be on the cusp of a driver market revolution

Nov 21 2020

Formula 1’s incoming team budget cap may soon be supplemented by a driver salary cap that would likely influence the driver market in the years to come.

From 2023, F1 wants to introduce a $30m cap on driver salaries. Teams would be able to go over this limit but if they did it would come out of their $135m operational spend.

In this video we explain the rationale behind the idea, the pros and cons of it, and the potential consequence it could have on driver moves.

Though only the big teams would be prone to hitting the cap limit, the trickle-down impact of that restriction could accidentally spice up the market.

Formula 1 drivers

What did you think of this story?

Share via
Copy link

Welcome To
The Race

Thank you for joining The Race community! Your activation email is on its way. Just click on the link in the email to confirm your sign-up (and check your spam folder just in case).
Continue reading
Free Articles Read This Month

Join The Race Community

to the best motorsport coverage,
videos, podcasts and quizzes.
Get the cream of our content direct to your inbox.
Get involved and comment on content.

Join Now!

You Have
Reached Your Limit

The Race has been stopped as you’ve reached your article limit for this month.
To get UNLIMITED FREE access, all you need to do is register.
Click here to get started