Although pshycology has tought us that everyone will still want about 1/3 extra regardless of their salary. That would mark a massive rise to his wages, especially when the globe is going through tough times economically.
Not that drivers aren’t important but putting the best drivers in a current day Williams and they’ll struggle to finish 10th every race, let alone a podium. Hamilton at Ferrari certainly would have cost them 2018 and most likely 2017 as well. Back in January Lewis Hamilton took to social media to rubbish claims he was demanding $90 million per year from Mercedes to re-sign with the team for the 2020 F1 season. The aero and power unit have bigger impacts. @petebaldwin Hamilton could have won the championships for Ferrari in 2017 2018 and perhaps even 2019 though. The team and what they produce has been far superior and could/would have won with several of the drivers on the grid. Sonny Crockett (@sonnycrockett) 14th July 2020, 11:12.
For one man’s services.
For guidance, a driver should be allowed a max of $3m per year, with an agreed deadline for returning the surplus. It’s definitely debatable. As is mentioned in the article, everything that is a “performance differentiator” should be. Supply and demand.
Bottas can do a decent Q3, but almost always at the expense of his race pace. They are superstars in the most expensive sport in the world, and should be paid as such! I disagree. I think most top drivers would want to drive that mercedes even for just a basic salary that pays their expenses @sonnycrockett, as @petebaldwin mentions most drivers would go quite far to get into that car already. Tifoso1989 (@tifoso1989) 14th July 2020, 10:55. Nonetheless our sources are adamant negotiations started at around this level before the Mercedes main board imposed an absolute maximum of half that. Brawn said the new-look cars would definitely be coming for 2022, despite some teams pushing for another year’s delay. And yes, I think that once F1 manages this model, it can become a model for a sport like football to follow over time too. They’re certainly entertaining, but they don’t deserve 1 million a year. Why is any team prepared to shell out such sums for a driver? NewVerstappenFan (@jureo) 14th July 2020, 11:15. The challenges with any salary cap are many as others have said.
A major rewrite of the technical regulations has been delayed to 2022, with teams carrying over this year’s cars to 2021. ian dearing (@riptide) 14th July 2020, 8:19. 2020 F1 Driver Salaries Lewis Hamilton signed a new contract with Mercedes in 2018, pledging his future to the Silver Arrows until the end of 2020. And I think that’s fair enough. If the driver salary falls within the cap then I’m pretty sure the drivers will end up getting paid nothing at all directly from the teams they drive for, knowing any salary they take reduces the chance their car is competitive. On top of that, you have the “aero testing” balancer that is coming in after 2022 where top teams the previous season gets to do less of that. In fine with teams reducing salaries, I just don’t like it when its enforced as an official cap. They also don’t need to offer the biggest wages to get the best drivers – is someone with the sort of money Lewis has going to leave one of the two seats in the grid with the chance of winning the Championship to get a bit more cash? ), they couldn’t stop the transfer because PSG’s finances were fine and that’s where their jurisdiction stops. Off course they need to figure out how to police the numbers (salary, PR representation, Image rights, support crew, travel cost, etc etc. Salary caps are pretty much normal in many major US sports. Which equals to SECONDS in 70-something lap race, which turns a third place into a win. @SadF1fan So, this is actually called “a study”? So, the available channels to let the money flow on the drivers’ pockets are way larger. For a year. Can one man really be worth more than 325 ($25m) or even 650 ($50m) highly motivated heads, all slogging minds and hearts out for eight hours for 230 days per year to build the suitable vehicle he drives? Again, because he’s perceived as belonging to that tiny number of people in the world who can do what he does… and unless things have changed, his salary (and the other two top earners in the team) will also be exempt from the budget cap, alongside the drivers. Not forgetting without F1 big money teams and big money drivers paying into the FIA they would not be able to function as they do today. I don’t see many people being fooled by an F1 label when it clearly isnt the best series. Again, this is dreaming. Indycar champion, yes. That is what teams, sponsors and advertisers are keen to take advantage of. Besides what is the true value of money. The reputation of Formula 1 as the most prestigious highest class of single-seater auto racing is one which was earned by the world-class and outstanding performances put up by exceptional race car drivers. © 2020 Collantine Media Ltd | About RaceFans. Capping salaries is not enough. Mercedes’ driver Lewis Hamilton is undoubtedly the biggest name in Formula 1 right now. The smaller teams are going bankrupt and will eventually disappear, while the top teams spend ever increasing massive budgets to outperform each other, and making it ever less likely for those smaller teams to get a result. But not the ‘official World Championship’…. That team has delivered by far the most superior car and executed their strategy almost perfectly and consistently. (Not talking about general consensus here, just the facts). The are in most sports a select few who can do incredible things with their weapon of choice – Lionel Messi with a football, Tom Brady with his arm, LeBron James with a basketball… and in that group you have Lewis Hamilton, Max Verstappen etc with a steering wheel. Hamilton, on his part too, has made his intentions clear of continuing in Formula 1, and in all probability with Mercedes. Advert | Become a Supporter & go ad-free. Drivers will get a salary paid out of that cap, no problem, they are way overpaid in my opinion anyway, but, as was called out earlier, that is the way it is, fair or not. Try again, try better. Until then Hamilton is free to demand $50m or whatever; whether he does and whether Mercedes accedes is down to two factors: common sense and prevailing market forces. It just seems some folks at Mercedes would own larger yachts. @synonymous Why can’t they? According to Fox Sports, there are talks of him signing a three-year contract worth around $200 million, including bonuses.
Like him or not, ‘get’ him or not, Hamilton combines the dual roles better than anyone else on the grid, and thus should earn more than the rest. @sonnycrockett Mercedes knows this is not true though. Then what about the perks, free use of a road car etc that would all need to be accounted. Is obvious to me. Disparity like this just widens the poverty gap, a gap Lewis is all too keen to point out.
There is no official confirmation but recent reports revealed the Formula 1 pit crew members salaries and bonuses.
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