Unique: Wurz on F1 driver wage cap prospects

Grand Prix Drivers Affiliation chairman Alex Wurz says there are at present no plans to implement a cap on drivers’ salaries.

In an effort to scale back prices related to Formulation 1, the game launched its first ever set of economic laws in 2020, limiting groups to spending $145 per season from 2021, with that determine lowering by an additional $5 million over the next two years.

Nevertheless, the funds cap doesn’t embody drivers’ salaries, and with the likes of Lewis Hamilton and Max Verstappen regarded as incomes within the area of $40 million per yr, F1 has mentioned incorporating a driver wage allowance within the funds cap at some future level.

Talking completely to RacingNews365.com, Wurz stated there have been at present no concrete plans to impose limits on drivers’ salaries.

“There was one assembly the place the GPDA made it very clear what they thought,” stated Wurz, who drove in 69 Grands Prix between 1997 and 2007.

“Why vote in opposition to our self-interest? We stated we needed to see who in the end advantages from this and what the implications are for the broader sport. That must be researched first.

“After that we will ask: can that turn out to be a rule, and will the FIA ​​take into account it?

“Is it truly doable as a result of it’s from a business viewpoint? We will additionally ask whether or not it can not merely be an settlement between the groups themselves.

“I have no idea the most recent information and the present intention. It’s as much as the FIA ​​or the groups that make an settlement amongst themselves.”

Workforce Principal have doubts over driver wage cap

Talking in response to a query from RacingNews365.com
on the Monaco Grand Prix, a number of crew principals raised doubts over the appliance and practicality of a drivers’ wage cap.

“It is not going to be within the quick time period, the rationale for that’s we have already got contracts in place, and we can not merely breach them,” stated Ferrari Workforce Principal Mattia Binotto.

“There are authorized implications, definitely to grasp how to try this, so it is a dialogue.”

In response to the identical query, Purple Bull Workforce Principal Christian Horner famous that there have been a number of elements of the prevailing price cap that wanted to be clarified earlier than a drivers’ cap could possibly be launched.

“The precept of a cap is effectively merited, [but] I believe the appliance of it’s tough,” stated Horner.

“There’s an terrible lot of issues that want tidying up throughout the current cap that we now have, that is being rolled out to being an engine cap as effectively.

“Personally, I believe an excessive amount of weight and strain is being positioned on the cap in the meanwhile. I believe you have to take a look at the place your price drivers are.

“[F1] must do a greater job at taking a look at technical and sporting laws, as a result of we’re nonetheless designing and manufacturing very costly automobiles.”

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