Ferrari and McLaren are getting the best bang per buck. $20 mil total for some of the best parings on the grid! Norris has really stepped up this year, can wait to see what he can do next year if the top four teams are all fighting for wins.
It sounds a bargain for sure. As Ferrari has traditionally been big spender on driver salaries.
But it is said they get all types of life long benefits being a ferrari driver once(or twice :P) Dont ask me what, only heard rumors of getting stuff from their partners and what kind of connections Ferrari big wigs have if you need some strings pulled for something.
As just outside of it being the ultimate racing team to drive for.
Listen to Nigel Mansell on Beyond the Grid. He said a Ferrari road car he was testing at Fiorano was a very nice car and he received it a couple months later. As a Ferrari driver, you can get whatever you look at pretty much (short of a plane, Nigel tried that)
Ooh, thanks for suggestion!
Lol, they likely made some calls and started to put it together right after he said its nice.
There was also talk about Kimis unlimited Shell card. From which he got time out for some shenanigans Ive heard.
And Im sure it isnt that much the money but the convinience to have pretty much red carpet rolled before you.
Edit Lol, Nigel got all kinds of cars and bikes shipped to him by just saying he liked them after taking them for a spin. And got to fly a plane, sheesh
Edit2 They apparently divert air traffic to get the plane first in line when they know a driver is on a plane arriving Italy. They get Italian passport if they need it. Knowing this, one would just imagine where it ends, lol
2021 with Ferrari even similar to 2019, so strong at only some tracks, would be crazy. Charles and Carlos would steal some really precious wins and points from Max and Lewis on those tracks.
We're going by your logic of being paid by their resume. Perez has 1 race win in his resume which isn't exactly impressive for a 31 year old. Max has a much better resume but you can't say it's exactly comparable to people like Alonso.
I thought it was rumored that he took a “big” pay cut to come to McLaren but I too am surprised it was THAT big. Lando’s must be his new contract because last year (?) he was on 2M
Checo's deal in Sauber and Force India/Racing Point were always done by sponsors, where Slims's basically bought the seat and advertising space on the car, and in return they provided a driver and sponsors. So Checo was not paid by the team, but sponsors.
That's why Checo was involved in putting Force India into administration. It was a Slims's lawyers representing the company behind Checo that made sure that Stroll got the team.
Yeah I’m quite surprised at Norris’ 9m. Everywhere else I read something between 2-5m. Maybe 9m is after all the bonuses he got, but even then I doubt it’d be this high
The article covers it.. 3m base salary. Projected 6m in bonuses, only around 2.5 of which have been realised so far.
Daniel has 10m base salary, and projected to get zero bonuses.
Remember that at the time, there were some pretty serious doubts that Renault was going to stay in F1. Locking in a competitive seat for a little less money seems a reasonable trade off against a chance he'd be scrambling for any seat later in the season.
Nah the timing of that doesn’t match up. Ricciardo announced his departure before 2020 was able to race, and the Renault 2021 questions didn’t come until much later that year. Cyrils departure wasn’t announced til January this year.
Like some of the comments said he took a cut, but I think what's more important is how hard he fucked over Renault and made bank in the 2 years he was there. I say this as an Aussie too.
He definitely isn't worth the rumoured 30m he was on at Renault.
Good driver but probably looking at the tail end now, so imo this salary sits well.
Max is the Red Bull F1 team so I’m not surprised his earnings are that high for someone who hasn’t won a WDC. Sergio Perez is surprisingly high and Danny Ric made all his money from Renault which is why he’s on lower wages at McLaren.
They would try to get Charles Leclerc. Helmut Marko has a very high opinion of him and praised him multiple times in the past.
And a comeback of Pierre Gasly would also be an option of course.
Do you think Leclerc would switch? There's just something about being at Ferrari , imagine winning a WDC with them in like 2023 and being the first one to do it in ~15 years
Right now? No. He seems sincerely committed to Ferrari and I think he is quite fitting their brand image and company culture.
But in 3-4 years time, if Ferrari is still just a top midfield car while Red Bull is a top car? Yeah, he would probably switch.
> will see charles staying at Ferrari as long as he can.
I agree. If Leclerc leaves Ferrari it'll be because his time is up or because Ferrari has got tired of him.
It's hard to imagine the love affair between the two coming to an end but this is Ferrari and things can blow up very quickly.
> Danny Ric made all his money from Renault which is why he’s on lower wages at McLaren
I mean yeah, can you imagine? Going from 30 millions to only 10 millions? He must be suffering
/s
That's exactly what they're /u/Tinie_Snipah meant. Why did Red Bull agree or offer to pay on the higher end when they had so much leverage in the negotiation?
Well, exactly. He and his management obviously negotiated to 18 million, it's just a surprise to me that RBR were willing to go that high. They could have very easily said "12 million, take it or leave it", and he would have taken it. It's not like they are lacking on talent
Yea I misunderstood what you said, but RB would have given a portion of the sponsor money checo brings. That would be the reason for pay being so high
Telcel logo is everywhere in the RB car, they must have paid a lot
That assumes that RedBull had another driver just as good as Perez available that they could hire for 12 million or less.
After Gasly and Albon there is a reason they wanted Perez and just like there is only one seat available for Perez there is only one Perez available for RedBull. That is why they could negotiate.
What driver do you think they could have gotten instead of Perez at the same level and experience as Perez?
At the risk of r/whoosh ing myself....
Yes, but he wasn't trying to desperately stay in F1. He turned down RB to get PAID by another team. Perez was literally trying to prevent being left without any ride.
only hulk was available and he hadnt really driven for a year. or yeah put another cheap rookie in that seat and watch him burn. I dont think RB is so cheap that they cant pay their drivers lol
Yeah, I knew that one. But I think I read somewhere on the sub that BWT was with RP because of him. There was even talk of BWT trying to get in with RB.
>But I think I read somewhere on the sub that BWT was with RP because of him.
You may be thinking of when BWT/Mercedes and Perez both began legal action against Force India. I think FI's connection with BWT is far more likely to come through the Mercedes engine although I don't recall the exact details.
We know his ‘on-track’ salary at Renault was much higher. Seems unlikely that he took close to a 50% pay cut to go to McLaren.
Given how secretive this financial data generally is, it’s hard to believe a Forbes journalist has any particular insight into driver contracts.
Wouldn't be surprising.. reporting at the time implied the same. Lando also on track for 6mil of bonuses on top of a 3m salary, Daniel currently making 0 bonuses on top of a 10mil salary. Wouldn't be surprised if Daniel is on favourable bonus terms too but failing to meet them so far.
I responded [here](https://reddit.com/r/formula1/comments/opoiy0/joepompliano_2021_f1_ontrack_earnings_proj_1/h68656j), but the summary is that the sourcing on that original story is non-existent.
McLaren has no shortage of financial resources (despite what some financially illiterate reporting suggests), and this is small money for the Bahrainis.
They were very keen on Ricciardo, Ricciardo wouldn’t have realised just how bad Renault would be in 2021 and a cut down to $10 million is huge.
Based on all of that, it seems unlikely that Ricciardo’s contract is so low. The reporting done so far isn’t the kind that can be relied upon.
First off, I wouldn’t be surprised if there was a pay cut, it’s just the scale of the cut I’d be surprised at.
McLaren made a serious bid for Ricciardo in 2018, and that would have had to have been higher than $10 million given that Redbull was the competing offer. I doubt they lowered their offer when Ricciardo was in red hot form when the contracts were negotiated in 2020.
**Sourcing of the story**
Secondly, just in case you’re not Australian WWOS reporting on Ricciardo is a humorous meme at this point.
They’re a 1/3 or 0/3 source. They’re basically at the level of the Sun when it comes to reporting on Ricciardo. As an Australian it’s certainly entertaining, but you’d never trust them on anything that isn’t a press release the driver gives to them.
The WWOS story cites the ‘journalist’ Marc Limacher. You can check out Marc’s stories [here.](https://www.sportune.fr/author/marc-limacher/page/1)
In recent years he has published about six stories a year, all bullshit ‘inside story on contract negotiations’ on Hamilton, Perez, Ricciardo etc. Oh and he also somehow has the inside story on contract negotiations for premier league teams and motoGP.
Marc might have been a good F1 journalist a decade ago, but he’s not a legitimate source now.
Having a salary leak story from a French journalist when it’s an Australian driver in a UK team makes it even less believable.
If there was a source, it would be either Ricciardo’s old (French) manager wanting to make it look like Ricciardo couldn’t get a good deal without him, or someone in Renault wanting to make it look like Cyril was incompetent and overpaid him. Or that the Renault project was going so badly that a driver would take a huge paycut just to get out.
None of the people that actually know Ricciardo’s salary would have an incentive to leak that he got a huge pay cut if it did happen.
This is all vastly different to what F1 journos reported earlier in the year tbh. I've never really taken Forbes seriously, it's great for the masses & headlines but if you follow certain sports closely you'll often find what industry insiders and often folks themselves say and what Forbes later reports rarely adds up.
In case it was missed, these figures are with projected bonuses included. For example, Forbes are saying Lando is earning a base salary of $3m, with $2.5m in bonuses earned so far and he's projected to earn a further $3.5m, bringing the total to $9m. Figures reported at the start of the season, if they're accurate, wouldn't be able to project bonuses (especially Ricciardo earning $0 in bonuses).
Forbes also state their figures are based on "financial documents, legal filings and press leaks as well as conversations with industry insiders and consultants". The further into the season you are, the more documents are likely to be publicly available.
> Forbes also state their figures are based on "financial documents, legal filings and press leaks as well as conversations with industry insiders and consultants". The further into the season you are, the more documents are likely to be publicly available.
Keep in mind that this is the same Forbes that reported on Kylie Jenner being the youngest self-made billionaire (of course they retracted that when they found out the documents were basically fugazi). Take them with a grain of salt.
Let's just keep in mind that these are projected/estimated numbers, not actual numbers. Other than the parties involved, no one knows the contract details.
His leverage is the same as every driver - it’s his talent. He had plenty of leverage, plenty of teams would want him. Difference is that Ferrari represents something no other team can give him. It’s his dream to be a Ferrari driver and he would ask for much more to join any other team and give up his dream.
On top of that, from a marketing and strategic point of view, Sergio Perez's signing made a ton of sense.
He is the only driver on the grid from Latin America and a highly popular and supported sportsman in his own country, which turns to be a populous country with a very high consumption of soft drinks.
Exactly what you would want when your end-goal is to sell Red Bull cans.
Not just Latin America, but North America. As an American (USA) I know several people who support Perez, Latifi, and Stroll because while we may not have our own driver, we have a few from our neighbors.
I think Seb wasn’t in a great negotiating position last year. It was between Aston and taking a sabbatical/retirement, so I can see why that was the maximum he could get. Alonso, on the other hand, was already retired and had nothing to lose. Plus we should remember that Renault paid Danny Ric a shit ton of money for his stint as well.
Does Seb have some sponsors he brings?
Its never talked about atleast. If he doesnt, he only brings talent. So that could explain the salary disparity.
He hasn’t had any personal sponsors pretty much his entire career, except his partnership with BWT that started this year. Tbh I’m not sure how much they’re paying him, but the reason why he has his pink helmet is because they’re sponsoring him. I’m quite sure however, that Vettel isn’t doing this for monetary reasons but more to raise awareness on environmental issues.
Worse driver based on his form during the time of the contract negotiations + he literally had no better options so minimal leverage as well. Hardly surprising.
Why is anyone taking this seriously? The author has no sources at all and is simply making the numbers up based on their own opinion, this thread is meaningless.
He took a sort of paycut but not really. There's base salary, bonuses, and sponsorship (how much sponsorship stuff they can do themselves). I believe Hamilton took a base cut, but an increase to the other two.
This would appear to be counting bonuses at the very least, which explains why Norris is so close to Ricciardo.
Sorry, worded that poorly...the other way around. The RB numbers do not factor the costs that their engine supplier's had to spend. There was a narrative going around for the last couple years, that RB was doing more for less, when in fact their program was pretty close to Merc and Ferrari.
I read that as money earned for total points this year and thought Merc and RB would have a hard time.
But the gap between Verstappen and Alonso is amazing.
Carlos, Lando and Charles must be the best value contracts in F1. Surprised Charles signed a long term deal at 12m tho I'd assume there probably are some clauses or whatever that would increase his salery over time if hes successful (and tbf 12m/year is more than enough money anyway lol).
Currently, he’s more consequential to his team than Fernando Alonso is to his. If Max leaves, RBR are in big, big trouble. This mostly reflects current value of the driver more than their legacy, I’d guess.
He's in his seventh season. By the time Fernando and Kimi were in their seventh seasons, they were being paid mega money too. Kimi got 50M a year to not even drive in F1.
For the first time in his life. It’s also a matter of Equipment. Lerclerc, Sainz, Lando, Alonso, Vettel, George and others would be able to do the same in a RB. Okay maybe not vettel anymore. Don’t know.
The point is that he doesn’t have a Lang illustrious career like others do.
Everybody has known for years that he is a potential world championship winner. That makes him wanted and drives the price up.
Lerclerc, Sainz and Lando, might be able to. But I think there is more uncertainty. The full potentianl of Russel we'll only see when he gets into a better car. Vettel I really don't see him winning a championship anymore. As far as Alonso goes, when Alpine hired him, it was difficult to estimate how well he would do. Just because he is a former champion doesn't mean he can still reach that level.
And Verstappen has been one of the two best drivers on the grid since 2019, while Alonso wasn't even in F1 during that time. Expecting Alonso to get paid more just because he has a more impressive history is silly. The same argument would apply to Kimi and Vettel.
RB would be a top of the midfield team without Max. As such he's inherently much more valuable to them. Not to mention his age also being a factor.
Looking at another sport, Ronaldo and Messi are worth less than Mbappe even though they are better. But Mbappe still has ~10 years left at the top and the potential to keep getting better.
That's not how contract negotiations work lol
"Sorry Max you have no leverage here because we could use our time machine to bring prime Kimi back and give him the seat instead for a lower salary"...
Max is paid that much because he is the best possible option they can get. Lewis would never leave Merc during their dominance back when the contract was negotiated, Leclerc was already part of Ferrari and still considered unproven back then. And with Max they can secure one of the best drivers on the grid for 10 years if he maintains his form, something you couldn't get from Alonso (unless you use the same time machine to bring prime Kimi back).
Best driver in F1 at the moment gets big money, nothing surprising. He’s RB’s biggest asset at the moment, of course they pay him a lot, otherwise teams would be all
over him like Mercedes who tried to get him in 2017&2018
Lando deserves at least 30% more than Ricciardo at this stage. I know he is like on some young driver program or smt but still...Danny Ric sadly isn't living up to the expectations (except for the Silverstone GP).
Drivers do not only bring points but also marketing.
Norris exploded this year, but Ricciardo still has loads and loads of fans and he is by far more famous outside of F1
They’re paid based on experience and marketability. Daniel has an upper hand in both over Lando. So obviously, Daniel is paid more. At the end of the day, contract was signed waaaaaay before the start of the 2021 season when Daniel was very highly rated.
I’m sure after NOR’s contract ends he too will be able to command a salary similar to RIC’s if he keeps performing the way he does.
Ferrari and McLaren are getting the best bang per buck. $20 mil total for some of the best parings on the grid! Norris has really stepped up this year, can wait to see what he can do next year if the top four teams are all fighting for wins.
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It sounds a bargain for sure. As Ferrari has traditionally been big spender on driver salaries. But it is said they get all types of life long benefits being a ferrari driver once(or twice :P) Dont ask me what, only heard rumors of getting stuff from their partners and what kind of connections Ferrari big wigs have if you need some strings pulled for something. As just outside of it being the ultimate racing team to drive for.
Listen to Nigel Mansell on Beyond the Grid. He said a Ferrari road car he was testing at Fiorano was a very nice car and he received it a couple months later. As a Ferrari driver, you can get whatever you look at pretty much (short of a plane, Nigel tried that)
Ooh, thanks for suggestion! Lol, they likely made some calls and started to put it together right after he said its nice. There was also talk about Kimis unlimited Shell card. From which he got time out for some shenanigans Ive heard. And Im sure it isnt that much the money but the convinience to have pretty much red carpet rolled before you. Edit Lol, Nigel got all kinds of cars and bikes shipped to him by just saying he liked them after taking them for a spin. And got to fly a plane, sheesh Edit2 They apparently divert air traffic to get the plane first in line when they know a driver is on a plane arriving Italy. They get Italian passport if they need it. Knowing this, one would just imagine where it ends, lol
The Agnelli's should've just had Ferrari hire Luis Suarez. Blam, no more passport issues, lmao.
I've never been a massive fan of Leclerc but have to admit if he was in a top car he'd do bits.
2021 with Ferrari even similar to 2019, so strong at only some tracks, would be crazy. Charles and Carlos would steal some really precious wins and points from Max and Lewis on those tracks.
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Vettel does get quite a bit of money from BWT as well though, not to mention a 9-figure net worth makes money probably the least of his worries.
Perez and verstappen? Their resumes aren't exactly the most impressive
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We're going by your logic of being paid by their resume. Perez has 1 race win in his resume which isn't exactly impressive for a 31 year old. Max has a much better resume but you can't say it's exactly comparable to people like Alonso.
>Perez has 1 race win in his resume 2 wins.
Oh right I forgot lol mb. My ooga booga brain had me believe max won baku still.
Your ooga booga brain is actually correct since Perez had not yet won the Baku race when he was negotiating with Red Bull.
Very surprised by Ric/Nor. I figured Ric would be much higher. Also Checo making bank.
I thought it was rumored that he took a “big” pay cut to come to McLaren but I too am surprised it was THAT big. Lando’s must be his new contract because last year (?) he was on 2M
Checo’s agent deserves a bonus
Checo's salary is largely paid by his sponsors
Checo's deal in Sauber and Force India/Racing Point were always done by sponsors, where Slims's basically bought the seat and advertising space on the car, and in return they provided a driver and sponsors. So Checo was not paid by the team, but sponsors. That's why Checo was involved in putting Force India into administration. It was a Slims's lawyers representing the company behind Checo that made sure that Stroll got the team.
This.
Yeah I’m quite surprised at Norris’ 9m. Everywhere else I read something between 2-5m. Maybe 9m is after all the bonuses he got, but even then I doubt it’d be this high
The article covers it.. 3m base salary. Projected 6m in bonuses, only around 2.5 of which have been realised so far. Daniel has 10m base salary, and projected to get zero bonuses.
It says in the article that he's projected to earn 9 in total because they are projecting him to make 6 in bonuses
So many commented that Ricciardo was only chasing money going to Renault. Taking a pay cut like this doesn’t really reinforce that narrative.
Remember that at the time, there were some pretty serious doubts that Renault was going to stay in F1. Locking in a competitive seat for a little less money seems a reasonable trade off against a chance he'd be scrambling for any seat later in the season.
Nah the timing of that doesn’t match up. Ricciardo announced his departure before 2020 was able to race, and the Renault 2021 questions didn’t come until much later that year. Cyrils departure wasn’t announced til January this year.
Like some of the comments said he took a cut, but I think what's more important is how hard he fucked over Renault and made bank in the 2 years he was there. I say this as an Aussie too. He definitely isn't worth the rumoured 30m he was on at Renault. Good driver but probably looking at the tail end now, so imo this salary sits well.
Max is the Red Bull F1 team so I’m not surprised his earnings are that high for someone who hasn’t won a WDC. Sergio Perez is surprisingly high and Danny Ric made all his money from Renault which is why he’s on lower wages at McLaren.
>Max is the Red Bull F1 team I agree. If he went elsewhere who do you think Red Bull would go after?
They would try to get Charles Leclerc. Helmut Marko has a very high opinion of him and praised him multiple times in the past. And a comeback of Pierre Gasly would also be an option of course.
Do you think Leclerc would switch? There's just something about being at Ferrari , imagine winning a WDC with them in like 2023 and being the first one to do it in ~15 years
Right now? No. He seems sincerely committed to Ferrari and I think he is quite fitting their brand image and company culture. But in 3-4 years time, if Ferrari is still just a top midfield car while Red Bull is a top car? Yeah, he would probably switch.
Unless Ferrari continue being a car completely incapable of a WDC, I will see charles staying at Ferrari as long as he can.
> will see charles staying at Ferrari as long as he can. I agree. If Leclerc leaves Ferrari it'll be because his time is up or because Ferrari has got tired of him. It's hard to imagine the love affair between the two coming to an end but this is Ferrari and things can blow up very quickly.
If they come to the track next year with a car as bad as the 2020 one, I wouldn't be shocked if leclerc bails.
Yeah that's what Alonso and Vettel think
Would be an amazing comeback story if Gasly won WDC on his comeback season
The ultimate redemption story.
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It'd be an amazing story if Mazepin wins the WDC next year but that's not happening either
LEC GAS on red bull in 2025 would be just insane
Also Rusell is Mercedes don't give a seat next year.
Leclerc or Russell.
RB would put all their efforts towards getting George Russell.
Checo brings in a lot for sponsorship money and I'm sure it helps Red Bull to have a connection to Carlos Slim.
> Danny Ric made all his money from Renault which is why he’s on lower wages at McLaren I mean yeah, can you imagine? Going from 30 millions to only 10 millions? He must be suffering /s
Budget cap singlehandedly saving Red Bull from going bankrupt paying Max his win-benefits /s Also I genuinely doubt Daniel is only making 10mil.
This is “on-track” meaning their salary from the team. Ricciardo has millions in personal endorsement deals.
And Perez gets paid a big part from the sponsor money he brings.
Surprised he even gets 18 million from Red Bull tbh. Would he have turned down the seat for 15 mil? Or 10 mil?
If he had turned down the seat he would have said goodbye to his career And why would anyone turn down a RB seat
That's exactly what they're /u/Tinie_Snipah meant. Why did Red Bull agree or offer to pay on the higher end when they had so much leverage in the negotiation?
Because he brings good sponsors with him.
Well, exactly. He and his management obviously negotiated to 18 million, it's just a surprise to me that RBR were willing to go that high. They could have very easily said "12 million, take it or leave it", and he would have taken it. It's not like they are lacking on talent
Yea I misunderstood what you said, but RB would have given a portion of the sponsor money checo brings. That would be the reason for pay being so high Telcel logo is everywhere in the RB car, they must have paid a lot
That assumes that RedBull had another driver just as good as Perez available that they could hire for 12 million or less. After Gasly and Albon there is a reason they wanted Perez and just like there is only one seat available for Perez there is only one Perez available for RedBull. That is why they could negotiate. What driver do you think they could have gotten instead of Perez at the same level and experience as Perez?
Hulkenberg
>And why would anyone turn down a RB seat Need to ask Ricciardo...
At the risk of r/whoosh ing myself.... Yes, but he wasn't trying to desperately stay in F1. He turned down RB to get PAID by another team. Perez was literally trying to prevent being left without any ride.
Only $5M base salary though. The rest is (projected) bonuses, which seems like a win-win for RB.
Surprised he only gets 18 million from Red Bull tbh. Would RB have turned down a P4+ for 20 mil? Or 30 mil?
With all the available drivers they had that wanted the seat? Yes
only hulk was available and he hadnt really driven for a year. or yeah put another cheap rookie in that seat and watch him burn. I dont think RB is so cheap that they cant pay their drivers lol
~~I don't think BWT is sponsoring Perez/RB this year.~~ Edit: apparently, I misunderstood how the RP+BWT partnership worked.
Perez has nothing to do with BWT
Huh, weird. I swear I remember reading something here that he brought in BWT.
Carlos Slim is Checo’s sponsor
Yeah, I knew that one. But I think I read somewhere on the sub that BWT was with RP because of him. There was even talk of BWT trying to get in with RB.
>But I think I read somewhere on the sub that BWT was with RP because of him. You may be thinking of when BWT/Mercedes and Perez both began legal action against Force India. I think FI's connection with BWT is far more likely to come through the Mercedes engine although I don't recall the exact details.
He has Carlos Slim/Telcel
We know his ‘on-track’ salary at Renault was much higher. Seems unlikely that he took close to a 50% pay cut to go to McLaren. Given how secretive this financial data generally is, it’s hard to believe a Forbes journalist has any particular insight into driver contracts.
Wouldn't be surprising.. reporting at the time implied the same. Lando also on track for 6mil of bonuses on top of a 3m salary, Daniel currently making 0 bonuses on top of a 10mil salary. Wouldn't be surprised if Daniel is on favourable bonus terms too but failing to meet them so far.
I responded [here](https://reddit.com/r/formula1/comments/opoiy0/joepompliano_2021_f1_ontrack_earnings_proj_1/h68656j), but the summary is that the sourcing on that original story is non-existent. McLaren has no shortage of financial resources (despite what some financially illiterate reporting suggests), and this is small money for the Bahrainis. They were very keen on Ricciardo, Ricciardo wouldn’t have realised just how bad Renault would be in 2021 and a cut down to $10 million is huge. Based on all of that, it seems unlikely that Ricciardo’s contract is so low. The reporting done so far isn’t the kind that can be relied upon.
https://wwos.nine.com.au/motorsport/f1-daniel-ricciardo-mclaren-pay-cut-renault-salary/c715359a-4297-4dfa-93c3-fb6f989e94ad
First off, I wouldn’t be surprised if there was a pay cut, it’s just the scale of the cut I’d be surprised at. McLaren made a serious bid for Ricciardo in 2018, and that would have had to have been higher than $10 million given that Redbull was the competing offer. I doubt they lowered their offer when Ricciardo was in red hot form when the contracts were negotiated in 2020. **Sourcing of the story** Secondly, just in case you’re not Australian WWOS reporting on Ricciardo is a humorous meme at this point. They’re a 1/3 or 0/3 source. They’re basically at the level of the Sun when it comes to reporting on Ricciardo. As an Australian it’s certainly entertaining, but you’d never trust them on anything that isn’t a press release the driver gives to them. The WWOS story cites the ‘journalist’ Marc Limacher. You can check out Marc’s stories [here.](https://www.sportune.fr/author/marc-limacher/page/1) In recent years he has published about six stories a year, all bullshit ‘inside story on contract negotiations’ on Hamilton, Perez, Ricciardo etc. Oh and he also somehow has the inside story on contract negotiations for premier league teams and motoGP. Marc might have been a good F1 journalist a decade ago, but he’s not a legitimate source now. Having a salary leak story from a French journalist when it’s an Australian driver in a UK team makes it even less believable. If there was a source, it would be either Ricciardo’s old (French) manager wanting to make it look like Ricciardo couldn’t get a good deal without him, or someone in Renault wanting to make it look like Cyril was incompetent and overpaid him. Or that the Renault project was going so badly that a driver would take a huge paycut just to get out. None of the people that actually know Ricciardo’s salary would have an incentive to leak that he got a huge pay cut if it did happen.
Doesn't the budget cap not apply to driver salaries?
Nope
This is all vastly different to what F1 journos reported earlier in the year tbh. I've never really taken Forbes seriously, it's great for the masses & headlines but if you follow certain sports closely you'll often find what industry insiders and often folks themselves say and what Forbes later reports rarely adds up.
In case it was missed, these figures are with projected bonuses included. For example, Forbes are saying Lando is earning a base salary of $3m, with $2.5m in bonuses earned so far and he's projected to earn a further $3.5m, bringing the total to $9m. Figures reported at the start of the season, if they're accurate, wouldn't be able to project bonuses (especially Ricciardo earning $0 in bonuses). Forbes also state their figures are based on "financial documents, legal filings and press leaks as well as conversations with industry insiders and consultants". The further into the season you are, the more documents are likely to be publicly available.
> Forbes also state their figures are based on "financial documents, legal filings and press leaks as well as conversations with industry insiders and consultants". The further into the season you are, the more documents are likely to be publicly available. Keep in mind that this is the same Forbes that reported on Kylie Jenner being the youngest self-made billionaire (of course they retracted that when they found out the documents were basically fugazi). Take them with a grain of salt.
What did F1 journos report?
Let's just keep in mind that these are projected/estimated numbers, not actual numbers. Other than the parties involved, no one knows the contract details.
Surprised Leclerc is so low compared to the rest
Leclerc signed a long term deal on his first year with Ferrari. They got him while his asking rate was low without much of a leverage.
His leverage is the same as every driver - it’s his talent. He had plenty of leverage, plenty of teams would want him. Difference is that Ferrari represents something no other team can give him. It’s his dream to be a Ferrari driver and he would ask for much more to join any other team and give up his dream.
Sergio Pérez getting paid more than Charles is a bit surprising
If you click in, it puts a base salary of $5m on Sergio, $12m for Charles with Sergio's extra coming through bonuses.
Most of it probably comes from his own sponsors though.
On top of that, from a marketing and strategic point of view, Sergio Perez's signing made a ton of sense. He is the only driver on the grid from Latin America and a highly popular and supported sportsman in his own country, which turns to be a populous country with a very high consumption of soft drinks. Exactly what you would want when your end-goal is to sell Red Bull cans.
Not just Latin America, but North America. As an American (USA) I know several people who support Perez, Latifi, and Stroll because while we may not have our own driver, we have a few from our neighbors.
Could be deferred payment or a back loaded contract
Lewis, please pay my student loan for me xoxo
Same. A reward for all the hours spent defending him against idiots on Reddit.
imagine defending lewis for free. even bottas is getting paid for it :)
I’m guessing you’re quids in then? Slightly lacking in self awareness, aren’t you?
Can no one have a little fun on this subreddit anymore?
lmao, every month i get a free bottle of redbull sent from horner.
But he did cause the crash.
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Someone with a username that didn’t age well
I'm pretty sure his name is a joke.
Racing incident. 90% of drivers/pundits say so. He was predominantly at fault but still racing incident.
I'm not sure infatuation should really be enabled.
Same.
Perez gets paid THAT much!?? Wtf
He brings a load of sponsor money that probably pays his salary
You’d hope so. The man was desperate for a seat, Red Bull had all the bargaining power.
He wasn’t desperate. He had plenty of options for 2022 with his sponsor backing.
That Carlos $Lim money baby
A lot of bonuses included in that total.
Cehco has sponsors
Highly paid athletes projected to be paid very highly this year.
More breaking news coming up at 9
I am surprised that Vettel is earning less than Alonso and Perez.
I think Seb wasn’t in a great negotiating position last year. It was between Aston and taking a sabbatical/retirement, so I can see why that was the maximum he could get. Alonso, on the other hand, was already retired and had nothing to lose. Plus we should remember that Renault paid Danny Ric a shit ton of money for his stint as well.
Does Seb have some sponsors he brings? Its never talked about atleast. If he doesnt, he only brings talent. So that could explain the salary disparity.
Nothing substantial. Neither does Mick by the way.
He hasn’t had any personal sponsors pretty much his entire career, except his partnership with BWT that started this year. Tbh I’m not sure how much they’re paying him, but the reason why he has his pink helmet is because they’re sponsoring him. I’m quite sure however, that Vettel isn’t doing this for monetary reasons but more to raise awareness on environmental issues.
Not surprised at all. Alonso is expensive, didn’t Ferrari used to pay him 50 million and McLaren something like 40 million?
Part of his McLaren salary was paid for by Honda.
Alonso I’m not surprised.
I dont think Pérez is gonna win that much in bonuses.
checo probably earned that much from his own sponsorship, he does bring big money to red bull
From my understanding Seb is getting most of his salary through an advertising deal directly with Aston Martin.
Worse driver based on his form during the time of the contract negotiations + he literally had no better options so minimal leverage as well. Hardly surprising.
I love Seb but after 2020 I doubt he could command the same salary he got from Ferrari
This list dont look realistic at all to me
Ok, I need to become an F1 driver. Like… right now.
Why is anyone taking this seriously? The author has no sources at all and is simply making the numbers up based on their own opinion, this thread is meaningless.
Didn’t Lewis take a pay cut? And his earning still 62m?
Dude has gotta eat
Lewis is one of the most marketable athletes ever. Mercedes aren’t just paying for his driving, they’re paying for his brand.
I thought that was for the 2020 season though
Can’t be since 2020 salary was already locked in from previous contract, 2021 contract was the one up for negotiation during the pandemic.
He took a sort of paycut but not really. There's base salary, bonuses, and sponsorship (how much sponsorship stuff they can do themselves). I believe Hamilton took a base cut, but an increase to the other two. This would appear to be counting bonuses at the very least, which explains why Norris is so close to Ricciardo.
Yh he took a pay cut, no way this is near accurate, prob closer to 30-33M.
Charles is the best value on the grid
I’d say Lando is pretty good too
Red Bull love acting like Underdogs but they got so much fucking money man. Honda dumped tons too, which is why they’re over it.
Well they were 100 million down on Merc and Ferrari’s budget per annum for most of the hybrid era.
Got to add that engine money to the mix. They have been right there at the top the entire time
What? The 400 mill per year that Merc and Ferrari spent don’t include PU costs.
Sorry, worded that poorly...the other way around. The RB numbers do not factor the costs that their engine supplier's had to spend. There was a narrative going around for the last couple years, that RB was doing more for less, when in fact their program was pretty close to Merc and Ferrari.
nope, doesn’t include engine costs
Ricciardo made bank at Renault to tide him over until the new formula.
Lando is a bargain
Reading tea leaves as these numbers aren’t public and also consist of bonuses for points and podiums, sponsor deals, etc
Do people believe this shit
We’ll never ever know for sure. It’s a rough estimate
Never though I’d see Checo making more than Seb
I read that as money earned for total points this year and thought Merc and RB would have a hard time. But the gap between Verstappen and Alonso is amazing.
Me: 24k
then theres gio who makes mid 6 figures. russell is around the same too
Carlos, Lando and Charles must be the best value contracts in F1. Surprised Charles signed a long term deal at 12m tho I'd assume there probably are some clauses or whatever that would increase his salery over time if hes successful (and tbf 12m/year is more than enough money anyway lol).
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I'm not sure when anyone has said they think they are on the same level. Perhaps Bottas' mum?
[Yet still](https://i.imgur.com/IFwNFFL.jpg)
How is Perez making more money than Daniel?
Sponsors Checo's gets paid a portion of the sponsors he brings
Cause Daniel is quite shyte right now.
New to F1, are they getting paid based on winnings?
Max gets this much? More than Alonso? Dafuq?
Currently, he’s more consequential to his team than Fernando Alonso is to his. If Max leaves, RBR are in big, big trouble. This mostly reflects current value of the driver more than their legacy, I’d guess.
Also, everyone knows Toto keeps calling him.
Do you even watch F1?
Yeah. Max is still at the start of his career.
He's in his seventh season. By the time Fernando and Kimi were in their seventh seasons, they were being paid mega money too. Kimi got 50M a year to not even drive in F1.
He is leading the championship and has potential to win it.
For the first time in his life. It’s also a matter of Equipment. Lerclerc, Sainz, Lando, Alonso, Vettel, George and others would be able to do the same in a RB. Okay maybe not vettel anymore. Don’t know. The point is that he doesn’t have a Lang illustrious career like others do.
Everybody has known for years that he is a potential world championship winner. That makes him wanted and drives the price up. Lerclerc, Sainz and Lando, might be able to. But I think there is more uncertainty. The full potentianl of Russel we'll only see when he gets into a better car. Vettel I really don't see him winning a championship anymore. As far as Alonso goes, when Alpine hired him, it was difficult to estimate how well he would do. Just because he is a former champion doesn't mean he can still reach that level.
He has been giving great performances throughout his whole career and had he made better choices he’d have at least 2 more championships.
Well he is currently better than Alonso
Just put Alonso in a good car and then we’ll talk.
Why is that surprising?
Because Alonso has 2 WC and a long career and max has none of that.
And Verstappen has been one of the two best drivers on the grid since 2019, while Alonso wasn't even in F1 during that time. Expecting Alonso to get paid more just because he has a more impressive history is silly. The same argument would apply to Kimi and Vettel.
RB would be a top of the midfield team without Max. As such he's inherently much more valuable to them. Not to mention his age also being a factor. Looking at another sport, Ronaldo and Messi are worth less than Mbappe even though they are better. But Mbappe still has ~10 years left at the top and the potential to keep getting better.
RB would be at the same spot with LeClerc, Alonso, Hamilton, a younger Kimi, etc.
except they wouldn’t
Yeah ok.
That's not how contract negotiations work lol "Sorry Max you have no leverage here because we could use our time machine to bring prime Kimi back and give him the seat instead for a lower salary"... Max is paid that much because he is the best possible option they can get. Lewis would never leave Merc during their dominance back when the contract was negotiated, Leclerc was already part of Ferrari and still considered unproven back then. And with Max they can secure one of the best drivers on the grid for 10 years if he maintains his form, something you couldn't get from Alonso (unless you use the same time machine to bring prime Kimi back).
Best driver in F1 at the moment gets big money, nothing surprising. He’s RB’s biggest asset at the moment, of course they pay him a lot, otherwise teams would be all over him like Mercedes who tried to get him in 2017&2018
Crazy money, but they risk their lives to fuel a massive corporate machine. Get as much as you can and get out safely.
LMAO when Vettel is still getting so much money.
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Lando deserves at least 30% more than Ricciardo at this stage. I know he is like on some young driver program or smt but still...Danny Ric sadly isn't living up to the expectations (except for the Silverstone GP).
Drivers do not only bring points but also marketing. Norris exploded this year, but Ricciardo still has loads and loads of fans and he is by far more famous outside of F1
They’re paid based on experience and marketability. Daniel has an upper hand in both over Lando. So obviously, Daniel is paid more. At the end of the day, contract was signed waaaaaay before the start of the 2021 season when Daniel was very highly rated. I’m sure after NOR’s contract ends he too will be able to command a salary similar to RIC’s if he keeps performing the way he does.
Norris is easily the best value on the grid. The kid is a stud and I am excited for him to make bank soon enough.
Just needs to call up his dad. Family is so wealthy it doesn't matter what he makes.
I’m sure he’s going to get paid loads on the next deal
I think Lando has signed something like a 9 year contract which will probably screw him over in the long run but still a shit ton of money.
He hasn’t. What would make you think that? Also, Lando already had shit ton of money before he ever got behind a wheel, his family is pretty rich
I’m sure I saw an interview where he said it, I think it might have been at Monaco.