I’m fine with capping my salary at 1 million, like most people will be, I assume. The driver value will become a calculation of ability vs cost, whereas it should just be a value of ability. Again, this is dreaming. See the Comment Policy and FAQ for more.If the person you're replying to is a registered user you can notify them of your reply using '@username'. Daniel Ricciardo, Renault - £16m. New customers only. That team has delivered by far the most superior car and executed their strategy almost perfectly and consistently. I think drivers can make a difference but not a big a one as they claim as we’ve seen with Alonso and others going to ‘lesser’ teams and not putting the car on pole. A major rewrite of the technical regulations has been delayed to 2022, with teams carrying over this year’s cars to 2021. How about we limit everyone salary with an official cap then? “Claire Williams believes “drivers are performance differentiators”, Put George Russell in the Merc at $1m per year and he will win races, Putting Ham in the Williams at $1m per race and he will finish last. That calculation will also be more difficult for the smaller teams looking for a good driver.. making it unfair in the process, colinh2001 (@colinh2001) 14th July 2020, 10:11. All doh i argue blm is nothing more than a new version of bread and games, drawing attention away from what is actually going on, the rich enriching themselves during a crisis over the back of the poor. If the best drivers went elsewhere a number of teams would follow. “That counts as much for the big teams as it does for the small teams.”. @sonnycrockett You THINK. It’s a much broader issue. Indycar champion, yes. Hamilton is in the last season of his current Mercedes contract. He is not sponsored by Hilfiger as such. The challenges with any salary cap are many as others have said. F1 2020 drivers salaries. add to that list: Brundle Herbert Suzie Wolff Eddie the Eagle Heck, even Jolyon would maybe score a point or 2 in it. Supply and demand. Adrian Newey would be the design equivalent, and when Ferrari tried to poach him they offered obscene amounts. So the first step may be a top number on any driver salary, and over time, after the team budget cap and their policing have been in action for a few years, they just make them part of the budget. Should it not ultimately come down to a choice of hiring, say, a team of top engineers and providing them with facilities to find those elusive tenths of a second, or blowing the same on a driver able to conjure the same lap time gains out of the car? The problem is that you will land up with very few teams in the series as Most simply can’t afford to compete. Sorry, your blog cannot share posts by email. The cap does not include drivers’ salaries, with Britain’s six times world champion Lewis Hamilton on an estimated $US35 million ($A55 million) a year at Mercedes. About two-thirds of the team effect is consistent over time, with the rest caused by teams changing year-on-year. 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? Its quite typical research at a typical university. Super Formula champion, yes. You think they’d pick money above all else? They’re paid that much because, out of the entire global population, there are one or two known individuals who can do what they do. Let’s cap salaries when it’s a black person who earns the most. Scott (@scott6428) 14th July 2020, 13:05. @petebaldwin Hamilton could have won the championships for Ferrari in 2017 2018 and perhaps even 2019 though. Hamilton and Vettel are stale old news and F1 directs plenty of its marketing space toward Norris, Leclerc and Russell now. The counter-argument is, of course, that the job description of a Formula 1 driver extends well beyond a bit of steering, for they are simultaneously an ambassador for whatever team and sponsors he represents. ian dearing (@riptide) 14th July 2020, 12:43. Anyone that believes Mercedes would not have won all these championships without Hamilton is delusional. 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 real “performance differentiators” are the talented engineers back at base, and the tools at their disposal. Lewis Hamilton is the highest-paid driver in Formula One 2020 according to research. 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. And it’ll still have that without the Hamiltons, Vettels or Verstappens. I’m inclined to agree. It just seems some folks at Mercedes would own larger yachts. ian dearing (@riptide) 14th July 2020, 8:19. A deal with Ferrari worth $57 million guaranteed per year excluding bonuses, which also makes him one of the highest-paid sports personality in the world. You take your eye off the ball for a split second, that championship is gone. The record transfer fee 225 million and his salary ~30 million were paid throughout lucrative sponsorship deals with Qatari corporations. That’s only looking at speed – then you need to look at consistency where a driver maximizes the points. Sorry, you can have Stroll then. Formula One has agreed a $227 million budget cap for teams next year. Unfortunately I can’t remember even a single initiative (I don’t think working in vegan burger chain can get you to F1), but surely he has his own team in karting/lower category like Ricciardo, Leclerc or Alonso have, right? There is no need for any sportsman to earn more than 1 million £ a year. They’re certainly entertaining, but they don’t deserve 1 million a year. Claire Williams of the eponymous team believes “drivers are performance differentiators, and in order to get a much more equitable playing field in this sport, as the financial regulations are there to do. Ferrari, the oldest and most successful constructor, had opposed any reduction below $US145 million ($A227 million). Especially in 2018 and 2019 they were mostly a disgrace. Off course if / once they manage to do this, it would be very good if football then takes the same model. Mercedes’ driver Lewis Hamilton is undoubtedly the biggest name in Formula 1 right now. Or maybe they will pay them in stocks that they convert to cash after the accounting team have done their checks the following year? (Not talking about general consensus here, just the facts). But I don’t see that happening in the short term, in the next two or three years.”, “I do see myself going for at least another three years.”. If Lewis were to leave Merc at the end of this season then not only would Seb jump at it, but Max, Danny Ric and all the rest would do all they can to get out of their existing contracts, just to get into a 2-way fight with VB for the WDC. But those fastest drivers would happily drive for 5 million in nearly same car, and get 35 million by sponsors outside the sport. The sensible thing is off course to include driver salaries into the budget cap. Salary caps are fine provided they don’t encourage the best drivers to leave the sport. Friendly advice is to drop it just for the sake of inner peace. However, the key question which this research probably has not answered is : in terms of actual performance on the track, how much of the results can you really attribute to the car, the team and the driver. I don’t see many people being fooled by an F1 label when it clearly isnt the best series. Sure, mate. “There is a point at which physicality and the mental side tail off, and I don’t know when that’s going to be. Post was not sent - check your email addresses! @sonnycrockett the problem is that no team knows that they have the best car before the season starts or that they will have the quickest car throughout the season. An incoherent wall of text which basically sums up as: “Top teams want to negotiate driver salaries as they have always done. Obviously the smaller teams would want such payments to be included, given their financial position, but I’m happy enough with the way the cap’s been laid out and the exemptions. “Initiatives we are bringing with these new regulations are to make the sport more economically viable in terms of the complexity,” he said. Just as with team budgets, with driver “salary” caps will also have to consider various scenarios. Fantomius (@liko41) 14th July 2020, 11:39. Find out more about our policy and your choices, including how to opt-out. No, this is reality and it is happening right in front of your eyes. @neilosjames Another example is Diego Simeone, the coach of Atletico Madrid who makes 40+ million euro. Some get money from their sponsor, some get money from the team, but that would go through a company anyway (see Rosberg’s contract through a tax heaven, or indeed the route that enabled Hamilton to book his private jet as a company jet). Red Bull aren’t lowering their budget with that amount. And has mechanisms deviced to limit the possibilities to circumvent them by letting money run through “alternative” paths. https://sportytell.com/motorsports/highest-paid-f1-drivers-salaries They will get paid indirectly by the sponsors. I can foresee driver salaries being dropped considerably, with payments being made by third parties. But such arguments raged during budget cap discussions and sensible solutions were found by consensus. Who do you have most respect for? Saving 1 life through a medical procedure or stopping a society from falling into chaos, riots and violence by providing entertainment? Capping the amount that teams can pay drivers has little effect on drivers incomes – they can make plenty of money outside of the F1 team through private endorsement and commercial contracts. Fantomius (@liko41) 14th July 2020, 11:36. If Hamilton wasn’t at Merc in those years, Rosberg probably would have stayed and become multiple champion. It be easier and a shorter list, to list the drivers who COULDN’T win in todays Merc. Different teams, headquartered in different countries, may be subjected to various legislations, for example. Then what about the perks, free use of a road car etc that would all need to be accounted. For example, we know that Ayrton Senna’s salary whilst he was at McLaren was paid by Marlboro, who gave him a contract that offered him payment in return for offering his services to McLaren. You don’t rebuild Lambeau Field every year. No different to the Mercedes office cleaning getting a part time job on top of their Mercedes one. If I get to drive the best car for 6 years and can insist on having a slower team-mate and some favourable team-orders, I’ll do it for free. If they bring in a budget cap on what a team can pay for their drivers (or include it in the total amount) they will have to define the way how to limit it. The latter poses the biggest obstacle, for there are myriad ways in which teams and sponsors are able to ‘hide’ payments. Be it his dominance on the race-track, or his diversity in motor sport messaging, he is never away from the spotlight. @bascb NBA is a national league and a very specific reality, you can’t really compare it with a global sport like F1. Off course it will mean paperwork, but if it is upon the TEAM to prove that they meet the limit, and giving incorrect information will mean substantial points losses and monetary fines (the regulation framework already put in place for the budget cap) then we can be sure that most big teams will want to avoid being found out. running around saving lives on £70K a year. “I’m definitely in favour of including driver salaries within the cap because it forces teams to make those decisions,” Racing Point boss Otmar Szafnauer said in Austria, asking rhetorically: “Do you spend your money on a driver or do you take one that doesn’t cost you so much and spend it elsewhere on performance?”. Will it be completely watertight. F1 Driver Salaries 2020: Lewis Hamilton is the highest paid driver this season, in a year plagued by the covid-19 pandemic. Sign up to all of Foxtel Now with a 10-day free trial. Watch again 2018 season.
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