Ferrari’s Charles Leclerc is not on board with the idea of a salary cap that Formula One is considering to bring forth on the wake of the newly introduced budget cap this season.
Motorsports, like the others, have sustained a heavy financial impact amidst the COVID-19 pandemic and similar to many other sports, the FIA has introduced a budget cap on its teams.
Each F1 team are now limited to a maximum of $145m total expenditure for this year, primarily targeting how much the teams can spend to improve the performance of their race cars.
“As 2021 sees the introduction of a cost cap for the first time in Formula 1, various topics around controlling costs and how this overall objective can be achieved over the coming years were tabled during the meeting,” an official statement from the F1 and the FIA revealed back in February, “as part of this, a working group will be created – including the drivers themselves – to discuss the topic of driver and senior team management contracts.”
Charles Leclerc disagrees with F1’s $30m salary cap
Amidst the induction of the new budget cap, there are legitimate talks that F1 is also looking into introducing a salary cap on all of its drivers, which will limit the teams to have a maximum salary expenditure of $30m for both of their drivers.
The newly proposed salary cap is expected to impact the top 10 earners in the F1 fraternity majorly, with the likes of Lewis Hamilton himself topping the list with $30m to Carlos Sainz bringing in $10m in the eight-figure salary window. Alongside Hamilton, Max Verstappen and Fernando Alonso earn over $20 million per F1 season.
In a recent interview with Sky Italia, Charles Leclerc thumbed down the upcoming salary cap, while hinting that there will be further discussions with the FIA to counter the detrimental change.
“I don’t agree with the salary cap,” said the Monégasque driver, who earns $12m from Ferrari, “we’ll talk about that with the FIA and with the people that are here to take those decisions.” (H/T PlanetF1)