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F1 Teams Vote for Salary Cap That Could Force Lewis Hamilton's Hand

Photo credit: Dan Istitene - Formula 1 - Getty Images
Photo credit: Dan Istitene - Formula 1 - Getty Images

From Autoweek

  • Formula 1 teams want to cap the amount a team can spend on drivers at $30 million for the pair.

  • There is no salary cap currently for drivers.

  • F1 will have a $145 million team budget cap beginning in 2021, but that amount does not include driver salaries.


If Formula 1 teams follow through with plans to impose a salary cap, Lewis Hamilton could be looking at a major pay cut in 2023.