US News F1: Controversial topic driver salaries! Teams discuss upper limit

13:30  21 october  2020
13:30  21 october  2020 Source:   ran.de

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Munich - Formula 1 wants to save. The teams will be allowed to spend a maximum of 145 million dollars per season from next year - and the trend will be falling. The problem: In a way, the budget limit is a sham because there are numerous exceptions that do not fall below the limit. These include, for example, driver salaries or the wages of the three highest-paid employees.

Formel 1 Gehälter © Motorsport Images Formula 1 salaries

There is therefore the risk that the teams will not spend significantly less, but shift their costs. "We all know that it's just a balloon," says Renault team boss Cyril Abiteboul. "If we push on one side, the air goes to the other side." In other words: what the teams have to save on the chassis and engine, they can invest in drivers.

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Abiteboul: Salary has to be brought under control

Now one can ask oneself whether Lewis Hamilton really still has to earn as much in Corona times as before. The Briton has not yet signed his new contract with Mercedes, but reports had at times indicated that the six-time world champion would like to earn even more in the future - there is talk of 40 million pounds per year.

That is now going too far for many. They want an upper salary limit for the athletes, as it is already the order of the day in many US championships. "That has to be brought under control," says Abiteboul. Alternatively, the driver's salaries could be included in the budget limit. Then you could continue to pay the drivers a lot of money, but would have to make cuts elsewhere.

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This idea is well received by many smaller teams. "We definitely support this idea," says McLaren team boss Andreas Seidl. And Haas team boss Günther Steiner wouldn't mind either. "It makes a difference in performance. If you spend a lot of money on a driver, you can't do other things. That would bring the field even closer and salaries would adjust."

There is currently a high discrepancy between the individual drivers. "For me it is not acceptable that Lewis Hamilton earns more than 40 million, while other drivers earn 150,000 a year for the same job," says Romain Grosjean, spokesman for the GPDA drivers' association.

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Even more: The fact that a driver can earn so much in Corona times is also bad for the public image, says Renault's Abiteboul. "Some teams will have to lay off hundreds of people," he says. "And if we have a tremendous inflation in driver costs at the same time, then that's unfair to me and doesn't make any sense," said the Frenchman.

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Frederic Vasseur would go one step further. If the driver's salaries fall within the budget limit, then please also the three best-paid employees - the Alfa Romeo team boss would find anything else strange. "If we go in this direction, then we have to include everyone in the budget."

The Frenchman sees this as a good option as it could encourage teams to invest in young drivers. "That would be good for the junior categories and the worldwide pyramid of motorsport," he says of 'auto motor und sport'. But what happens then to the big stars who are currently earning big salaries? Would these then disappear from the sport and leave a void?

Wolff fears for superstars

That's why Toto Wolff is also against it: "We mustn't lose the superstars," says the Mercedes motorsport director and thinks that Hamilton & Co. deserve their big salaries. "They are the world's superstars and the best in their championship."

His suggestion: from 2024 a gradual introduction of a salary cap - "so that future generations of drivers are at a more reasonable level," as he says.

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The statements astonish Red Bulls Helmut Marko: "At first he insisted on setting an upper limit for pilot salaries as early as 2021. Now he doesn't want to take this step until 2024," he says at 'f1-insider.com'. Does that have something to do with the fact that Lewis Hamilton is not yet under contract and still wants to get a lot out of it?

Grosjean fears: Upper limit bad for funding

Racing-Point team boss Otmar Szafnauer does not believe that the top stars would suddenly stop driving because of a drop in wages. "I believe that even within the limit the salaries would be higher than what they would get in other racing series," he says.

Romain Grosjean sees a different problem, however, should an upper limit be introduced. "We run the risk of destroying the whole ladder in motorsport," he warns. Because: "Who would invest money in driver programs and pay for their careers if they didn't get their money back with a certain percentage of their salary later?"

That is the debate that has been held in the drivers' association on this subject. "I wasn't against including driver salaries in the budget limit," he says. "But then you ask yourself, which manufacturer or manager then spends a fortune on a driver, only to get back 20 percent of something that is capped? They never get their money back."

So the discussions should continue.

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