F1 News, Reports and Race Results

Hamilton fears salary cap could 'handicap' young F1 stars

Lewis Hamilton believes Formula 1's planned cap on driver salaries could prove unfair in the future to the sport's younger generation of stars.

Formula 1 is devising a plan to introduce from 2023 a $30m limit on what a team may spend on its driver line-up, a concept that has received unanimous support from the teams.

An outfit could theoretically allocate more than the $30m cap to its drivers but any surplus would come out of the team's operational budget, meaning it would have less funds to spend on development.

Queried on the subject, Hamilton, who is set to earn an estimated $40m-plus retainer from Mercedes this year, suggested that a salary cap may not concern him in the future as it "is supposed to be implemented probably when I’m not even here".

The Briton nevertheless noted that the scheme could prove unfair as there is currently little scope in F1 for drivers to market their image independently and earn additional important income as is the case in other high profile sports where base salaries are capped.

"I do think that the drivers here are, naturally, the stars of the sport,” said Hamilton. “They’re the ones that are seen, those are the ones that bring their brands and their reputation helps elevate the sport and help it travel globally around the world.

"There have been salary caps in some of those sports, I think like in NFL, basketball maybe. I think the one difference is that those places the individuals own their image in many areas, then they can try to maximise their image elsewhere. This sport controls, pretty much, the driver’s image."

But the seven-time world champion also pointed to a potential drawback for the sport's younger drivers. If a team wishes to pair a high-earning star driver with a young talent, the latter could be forced to settle for the short end of the stick to allow the team to remain within the cap.

"I do think about the next up and coming young stars that are coming through and I don’t particularly see why they should be handicapped," Hamilton said.

"If they’re bringing something huge to the sport – it is a multi-billion dollar sport – they should be rewarded for what they do bring to it."

Gallery: The beautiful wives and girlfriends of F1 drivers

Keep up to date with all the F1 news via Facebook and Twitter

Phillip van Osten

Motor racing was a backdrop from the outset in Phillip van Osten's life. Born in Southern California, Phillip grew up with the sights and sounds of fast cars thanks to his father, Dick van Osten, an editor and writer for Auto Speed and Sport and Motor Trend. Phillip's passion for racing grew even more when his family moved to Europe and he became acquainted with the extraordinary world of Grand Prix racing. He was an early contributor to the monthly French F1i Magazine, often providing a historic or business perspective on Formula 1's affairs. In 2012, he co-authored along with fellow journalist Pierre Van Vliet the English-language adaptation of a limited edition book devoted to the great Belgian driver Jacky Ickx. He also authored "The American Legacy in Formula 1", a book which recounts the trials and tribulations of American drivers in Grand Prix racing. Phillip is also a commentator for Belgian broadcaster Be.TV for the US Indycar series.

Recent Posts

Marko: ‘No chance at all’ for Red Bull in Las Vegas

Helmut Marko believes that Red Bull and Max Verstappen are unlikely to challenge for victory…

8 hours ago

GM revives bid to join F1 with accelerated talks for 2026 entry

Automotive giant General Motors is reportedly back in the game as a potential entrant in…

9 hours ago

Las Vegas GP: Thursday's action in pictures

The opening day of running at the Las Vegas GP was a smooth but chilly…

11 hours ago

Williams' headaches persist into Vegas practice

Williams is continuing to fight uphill battles this weekend in Las Vegas as a knock-on…

12 hours ago

Ferrari's Sainz 'not satisfied with where we are' in Vegas

It was a solid start to the Las Vegas weekend for Ferrari with Carlos Sainz…

13 hours ago

Norris labels McLaren long-run pace ‘shocking’ in chilly Vegas

Lando Norris didn’t hold back in his assessment of McLaren’s performance on the opening day…

14 hours ago