Seems a pointless circle-jerk where everyone pays more tax. What does Verstappen's deal mean for Hamilton, Vettel and the 2021 driver market? – Very disrespectful. Agreed.

In fact, not one employee, driver or otherwise, should be fired during this time and the big companies behind the teams that employ them should just eat the loss. I would rather get Ocon for 5m than Perez for 8m, given that they were pretty evenly matched and Ocon can be expected to improve.

Sebastian Vettel (Ferrari): With Charles Leclerc signing a Ferrari contract extension, scrutiny around Vettel's future will only intensify in the lead-up to next season. That is longer than the deal Racing Point gave Sergio Perez during the season, tying the Mexican driver down until the 2022 season. So I suspect under this scenario a driver would be offered slightly less than what their market rate is, but that the driver would get more “free” stuff to compensate for the shortfall. To all the other guys, since you know it all, just send your CV to Gene Haas and then we’ll see what will happen. McLaren got the ball rolling as far as this year’s driver confirmations for the 2020 Formula 1 season are concerned by confirming both of their current drivers, Carlos Sainz Jr. and rookie Lando Norris, for the 2020 season.

To reduce this to a few hours an Sunday is an insult. Who cares how much the drivers earn anyway? New Renault signing Esteban Ocon signed a two-year deal with the French manufacturer after Mercedes released him from its driver programme. The difference in salary is a factor in how the team mates view each other, and that affects the racing. Following McLaren’s 2020 Formula 1 season driver lineup confirmation but before Silly Season really starts to heat up, here are the drivers under contract through 2020. In this day and age I expected so much better from us. Earning??? The details of drivers’ earnings are contained in the (secret) archive of the FIA’s Contract Recognition Board in Geneva, which is accessible only to six lawyers appointed to hear contractual disputes as may arise.

Even Nascar is effectively in the same game, sort of.

For instance Ferrari dumped hundreds of millions into developing their car and engine and Vettel simply threw it all away in 2017 and 2018 with a multitude of driver errors. People want to see the sport, so they funnel money into the infrastructure, and companies want fans to see their logos, so they’re funnelling money into the teams, which know that the better the driver, the higher up the ranking they place, the more money sponsors, fans, companies throw at them. Lewis Hamilton (Mercedes): The six-time world champion's future became a focal point during the season-ending Abu Dhabi Grand Prix, as speculation of a move to Ferrari intensified. The answer is, no he didn’t. Williams driver George Russell has one more year with the team but remains a part of the Mercedes driver programme. The biggest shock, however, was how much other teams seem to be overpaying for their drivers. It means that there is now a trade that relies on exploiting the salary caps for injured players, as it allows smaller teams to profit from the difference between the salary cap value of the injured player and the actual salary that they pay that injured player – sometimes including players who have had career ending injuries and will never play, but technically form part of a team’s line up to maintain that paper fiction.

F1 writers rank the 2010s and predict the 2020s. He did not extended his contract with Red Bull F1 team but hopeful to win Formula drivers championship 2020 season.

Sponsorship maybe a thing of the past which will take its toll on heavily sponsored sports. @minnis it is in fact something we have already seen happen in F1 – even back in the 1980s and 1990s, quite a few drivers were technically employed by their sponsors, or by a third party company, and not their teams. If Ferrari / Mercedes / Red Bull can’t afford to pay the big salaries in future, they simply won’t. Find out more about RaceFans and contact us here. And, in light of current circumstances, unjustifiable.”. I’m going to the movies. To put the numbers in perspective, according to latest available filings, Mercedes F1 reported a 2018 payroll (including social costs and employee benefits) of $108m (£1 = $1.15) for around 900 heads.

As with any job, every employee is expected to “produce” for the company. You don’t pay the support actors the same as the leads, or the support band the same as The Stones. Racing Point Lance Stroll $3m “Hey dad! Sainz's stock has risen greatly after his breakthrough campaign in 2019, which included a maiden podium at the Brazilian Grand Prix.

How much are they worth? It’s been known for a while that the drivers at RBR get bigger bonuses for the amount of podiums/wins they achieve each season which makes up for the short fall. So if they pay Ricciardo that, he knows what he can bargain for. He got less penalty points than a great deal of drivers last year and was never fully responsible for his or anyone else’s retirement. Athletes are not slaves that has to give up they lives and time and devote everything for our enjoyment. Which you would know more about than most, heck even me – I don’t work in F1, I’m only a fan. Complicating things for Vettel is that Ferrari has other options and Elkann's meetings with Hamilton will have served as a warning shot that the team is ready to move on from him if necessary. Maybe only under RAI terms: I do what I want and I don’t go to press meetings…. But systems have been devised to control teams’ spending under the budget cap, with draconian sanctions for transgressions. Given the uncertainty around Valtteri Bottas' future beyond 2020, Russell is likely to be a prominent character in driver market speculation. @frood19 I found that shocking as well. Krommenaas (@krommenaas) 30th March 2020, 20:36. Widely considered one of the greatest drivers of all time, … So I don’t think a cost cap on driver salaries is needed to ‘save the big teams from themselves’ so to speak. Yet again trying to drum up an issue out of thin air. If a budget cap is affecting the wages an employment of the engineers (who play a much bigger role in winning championships) why shouldn’t it affect drivers?

Verstappen probably too and Ricciardo as well. There’s no games for retired players, there are no games for anyone who doesn’t play at college and then become a professional. Each may have to move up to 300 staff from their F1 programmes, though no doubt the teams will do everything possible to redeploy their loyal workers on other projects outside the sport.

The biggest issue is that all teams need to comply with any drop in salary. Hulk apparently priced himself out of the market (or whatever there was left of it in 2019) so he would have been earning more than Grosjean which is another reason why Haas retained its drivers. Given he’s been retained, for all these people who don’t know the reason, I just don’t know why they seem to be over reacting so much. Krommenaas (@krommenaas) 30th March 2020, 20:40. Any change in this respect would have to take existing long-term contracts into account. I don’t really understand this one Dieter. Stephen Crowsen (@drycrust) 30th March 2020, 19:32. So how can he have a consistent race pace deficit?

But in the current situation, they (like all sporting stars on large contracts) should be willing to take a temporary cut.

After confirmation of Max Verstappen's contract extension with Red Bull, next year's driver market is likely to focus on three major names. Listen lets put it this way the guys is a disaster he is always in carnage i dont know how many times im enjoying a race and my guy is in front leading #TEAM LH and the stupid safty car comes out and the screen changes to him in a disaster of a crash needless mistakes and runes races for people seriously i know from thisnpoint of few its always him k mag isnt as bad as him he is just a little dangerous in how he defends. $1M is way to low, I agree with focusing more on race placements maybe to control salaries, but a base salary I think is a must. @f1osaurus what does the pandemic have to do with F1 salaries? If driver salaries are to be included in the overall team budgets, something I would be in favor of, then like the Nike guys said … Just Do It. Image rights might play a role, but I’m skeptical of that. But before Silly Season really starts to heat up and rumors about drivers driving for certain teams start to circulate rapidly, let’s take a look at the drivers who are already under contract for at least the 2020 season. (Photo by Dan Istitene/Getty Images). Powered by Minute Media © 2020 All Rights Reserved. Stephen Crowsen (@drycrust) 31st March 2020, 5:13. Watch something else. Surely Grosjean should be paying 7m or bringing in 7m in sponsorship to be racing.

Brave article Deiter, some drivers are not going to like one bit. Because those are the people that have busted their collective behinds (and often even their marriages) for these companies for years on end. Stop reducing persons skill to just what you see on paper, when there is so much that goes on behind the scenes.

But that has nothing to do with our current situation. The rumours were based on meetings with Ferrari chairman John Elkann.

They take part in the real thing so I can’t see why they would every be here or need to look up news about it. @robbie it depends whom you read – some have suggested that it might be a good thing, but others have pointed towards some rather negative downsides of the player salary caps in the NHL.

Grosjean worth more than Raikkonen? Krommenaas (@krommenaas) 30th March 2020, 20:38.

Jimmi Cynic (@jimmi-cynic) 30th March 2020, 20:55. If there are a number of other employees doing the same work as you do, would you feel equally valued if one of more of your fellow employees are being paid two, three, 5 times more than you are? But considering you could hire 50 engineers + a talented rookie for the same amount, I don’t see how he can be worth that. It’s Ferrari’s own fault that they hired the wrong driver (especially when was being trashed so badly in 2014 when they were hiring him anyway) and way over paying him in the process. Grosjean 7m?

@anon I was moreso reacting to jimmi’s suggestion that few of the NHL teams are profitable, and took the rest of his comment as fluff. As for the rest?

At the end of the season, players will have to re-negotiate contracts.

No amount of hard work is going to allow a mediocre F1 driver to match someone with Lewis or Max’s level of innate ability. Can you say it about PM?

Your email address will not be published. So yes these drivers deserve every penny and maybe more, because none of these drivers should risking their lives for your amusement without being properly compensated. I don’t believe there’s another team who’d pay him $7m. But payment for an ad should be per ad, not part of their fixed salary. Empathy is not something that has to be learnt through experience, empathy is something we should have naturally and is disappointing that we as a human race cannot grasp that or relate to something unless we experience that hard ship oursolves. @aussierod – I’m with you there. It’s a legitimate question, I think. Wasn’t Paddy Lowe on £3m and Newey on £12m, Jean Todt is a millionaire, not bad for a former navigator.. Are they over paid? Be nice to see a table of what pay drivers are contributing to teams.

That’s what a salary is. How great the disparity in salary is complicated, and many people will have varying thoughts.

They’re paid for their performance, driving within 1 sec of the worst current driver is a feat! Should that aspect mean that one driver should be paid more than the other? As I suspect a number of others are (Pilot,etc) Hilfiger sponsor Merc to the tune of $50 million and Ham $8 million. Renault seems to be the team which is paying the highest premium to attract drivers.

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