F1 quiz: Can you name the 2023 F1 circuits by their layouts. It is a gamble between glory and obscurity. Do they get paid a retainer and then additional if they end up racing? They help us to know which pages are the most and least popular and see how visitors move around the site. Formula 1 drivers are very well-paid for their participation in the sport. He returned in 2018 and became a reserve with Williams and raced for them in 2019, but moved back to a reserve spot in 2020 with Alfa Romeo, where he remains. Sebastien Buemi is the Test And Reserve Driver at Red Bull Racing in 2022 after Alex Albons departure from the team. WebFormula 1 Driver & Team Salaries for 2023: The 20 drivers on the 2020 F1 grid earn over 189 million combined. However, they may also bring their own sponsors to the team, and these sponsors frequently also pay the drivers for doing any kind of PR work or attending sponsor events. The cookie is used to store the user consent for the cookies in the category "Analytics". They may be used by those companies to build a profile of your interests and show you relevant adverts on other sites. Aston Martin's Sebastian Vettel, a four-time series champion, is retiring. BBGP, which monitors F1's finances and business deals, has put together a full list of drivers salaries for 2020. Liam Lawson, who is currently racing in F2, has been added as a Red Bull reserve driver in 2022. Thank you for your cooperation and enjoy the discussion! Theyve been properly trained to hop into the automobile on short notice and race if necessary. He earned around 1.4m last season but could have bagged improved terms thanks to his impressive showings. Sept. 8, 2022. I am thinking about how backup quarterbacks make a shit ton to do often very little, but Im guessing its probably not the same in F1 (even though having a driver available seems pretty crucial). At 22 years of age, 2018 F2 champ Russell is regarded as one of the hottest prospects on the grid. Like an understudy on the Broadway stage, reserve drivers must be ready to step into a lead role at a moments notice while never sure if, and when, the wait will end. Mansell was a lot more detailed with his set-up than people gave him credit for, said Coulthard. Alongside him, Carlos Sainz will take home $12 million in 2023. But that doesnt mean that the above estimates dont give somewhat of an indication as to what the best drivers might be pocketing for their efforts. These cookies track visitors across websites and collect information to provide customized ads. And in the end only people who have driven an F1 car can understand what Im talking about: the feeling of driving the fastest cars around the world., Not many people on the planet have the privilege of doing it. Your effort and contribution in providing this feedback is much So later he decided to join the latter full time. Replacement for a COVID-positive Sebastian Vettel in Bahrain this campaign. Brand deals, corporate appearances, investments and merchandise can all contribute. Unsurprisingly, Formula 1s highest-paid drivers are the drivers who are expected to bring home regular race wins and challenge for the World Championship titles if their machinery is up to task. And when it comes to money, Formula 1 teams and bosses keep their cards close to their chest. Carlos Sainz signed a two-year contract extension with Ferrari in April. Since the pandemic, reserve drivers have been called upon A LOT. He has not won a race since the Singapore Grand Prix in 2019 but, with a quick car at his disposal, hopes are high for a return towards the front rows of the grid. While we have no doubt the base salaries of F1 drivers could more than enough for some to live for a lifetime, they only paint part of the picture. The reigning Formula 2 Champion is the reserve driver for the Alpine team. While F1 is the pinnacle of motorsport, it is also a business. Estimated Alfa Romeo AlphaTauri Alpine Aston Martin Ferrari Haas McLaren Mercedes Red Bull Racing His contract runs through next season, and he indicated this fall that he expects to sign a new multi-year deal with Mercedes, tamping down speculation that he might retire. Click on the different category headings to find out more and change our default settings. Ferrari doesnt have to look far to find a replacement for one of its backup drivers. Since 2017, Formula One has had 10 teams competing with two drivers each, for a total of 20 drivers. Drivers typically receive a base salary plus bonuses for points scored or for race or championship wins, with the amount depending on the size of the team and the experience of the driver. Verstappen is F1s highest-paid driver for 2022 with a pretax total of $60 million from his salary and bonuses, according to Forbes estimates. And then there was Senna, who was a mix of them all - he could deliver the speed, he could get out there and do the hard work. You never know when an opportunity is going to come by, and you want to not only do it as a job, but do it because you want to do it well.. The 41-year-old scored four points in 2020 as Alfa Romeo raced towards the back of the field. A driver salary cap from 2023 has been floated to further rein in the spending but the majority of teams would not trouble the proposed upper limit of 22m. If you do not allow these cookies, you will experience less targeted advertising. Endorsement earnings are excluded from this ranking, in part because Formula 1 offers few marketing opportunities relative to, say, tennis or the NBA. This website uses cookies to improve your experience while you navigate through the website. Lewis Hamilton has indicated he expects to sign a new multi-year deal with Mercedes. Heres what veterans and newcomers alike are expected to earn. The 20-year-old German arguably has the most coveted reserve role on the F1 grid with the fastest car in the world within touching distance. Alexander Albon climbing out of his Williams car during practice for the Hungarian Grand Prix in July. The 31-year-old is out of contract at the end of the season. But hes only able to start consisting of two races. When Kimi Raikkonen came back positive for COVID-19 in 2021, he covered for him at Monza and Zandvoort. A driver salary cap from 2023 has been floated to further rein in the spending but the majority of teams would not trouble the proposed upper limit of 22m. This cookie is set by GDPR Cookie Consent plugin. F1s new budget cap, introduced last season, is set to limit teams spending in key areas to $135 million next year, forcing Mercedes, Ferrari and Red Bull to contort their budgets from the days when they could spend $300 million or even $400 million unchecked. Just a few doors down is Mick Schumacher, who has stepped up to the role for the 2022 F1 season. But how much do F1 drivers really earn? Max Verstappen already passed Lewis Hamilton on the track, winning last seasons Formula 1 drivers championship in a nail biter of a finale. With the F1 season underway, questions have been asked about who teams have on standby if one of their full-time drivers becomes unwell. It must be really bad luck if one of them couldnt drive but Id step in.. So you get to know everyone at the factory, you see people in training, you get to know the wind tunnel. These cookies are necessary for the website to function and cannot be switched off in our systems. Forbes does not deduct for taxes or agents fees. I have to see myself as lucky.. For the Scot, each of the trio of champions gave him something to log in his mind as he set about on his own quest for a race seat. Romain Grosjean was a one-time understudy to Alonso and then teammate Nelson Piquet Jr at the team that Benetton spawned into, Renault, and made the step up into a race seat following Piquets acrimonious exit from the team in 2009. Analytical cookies are used to understand how visitors interact with the website. new users, GP attendees, just yourself), be able to generate discussion (e.g. All information these cookies collect is aggregated and therefore anonymous. Robert Kubica, a reserve driver for Alfa Romeo, last September at the Italian Grand Prix, where he raced for Kimi Raikkonen. The British driver was barely a year old when Alonso made his Formula 1 debut, but is consistently tipped as one of the best talents on the grid and has a price tag that reflects that. Theyd finished a lowly 10th place the previous two seasons, and had a plan to coax the 2009 world champion into their seat. Robert Kubica is a well-known and well-respected person in Formula One world. Paul di Resta was confirmed as a third reserve driver last year, in case both Stoffel and Nyck were occupied during a Formula E race weekend. There are only 20 full-time race seats. Wehrlein said Hamilton and Rosberg had both offered him advice ahead of his first official duties for Mercedes testing in Abu Dhabi at the end of the 2014 season. Zhou Guanyu will take home $2 million from Alfa Romeo, while Lance Stroll is also believed to be on a relatively lowly salary despite being the son of team owner Lawrence Stroll. After wowing as Lewis Hamilton's stand-in for the Sakhir Grand Prix, Russell has been heavily linked with a permanent drive for Mercedes amid doubts over the seven-time world champion's future. He covered for Kimi Raikkonen in 2021 in Monza and Zandvoort when Kimi tested positive for COVID-19. If say Magnussen can analyze the hell out of Jenson Button and Alonso all season long he can only be quicker when hes back in a race seat. Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. He is now Aston Martins reserve, and he has raced in five Grands Prix for the team. The 10 constructors are limited to spending 119m for the upcoming campaign, with further reductions in the books over the following two years. David Coulthard was understudy to Nigel Mansell, Alain Prost and Ayrton Senna before making the step up to a full race seat. You have to be ready to step up and race the car, said Pietro Fittipaldi of Haas. B.V. Find out how much F1 driver salaries are worth, including how much Lewis Hamilton, Max Verstappen and Lando Norris are paid. As the 2021 Formula 2 Champion, the Aussie has been snapped up by Alpine and is expected to fill the seat of Fernando Alonso once he departs F1 again. The Mexican favourite has previously driven for Sauber, McLaren, Force India and Racing Point. Browse our online application for MLB, NBA, NFL, NHL, EPL, or MLS player contracts, salaries, transactions, and more. Red Bull driver Max Verstappen addressed the issue before the 2022 Azerbaijan Grand Prix, saying the growing popularity of F1 racing should benefit everyone, especially the drivers who put themselves at risk for fans entertainment. On the current grid, Lando Norris is the CEO of entertainment company Quadrant, while Lewis Hamilton has a string of investments, as well as recently being linked with a contribution towards a Chelsea Football Club bid. F1 drivers' salaries 2022 Below you can see all F1 drivers salaries for pic.twitter.com/etmryT1UrJ, BWT Alpine F1 Team (@AlpineF1Team) March 12, 2022. The Mercedes reserve driver pairing are also available to McLaren as part of an agreement between the two teams. Lotus position with reserve drivers has been changed and they now support a driver development programme, a path Grosjean took to his race seat. His apprenticeship as a reserve driver sees him travel to every grand prix where he joins Mercedes star drivers in the team debriefs throughout the 2015 season. Buemi has extensive experience in Formula One and other FIA competitions. In 2020, for example, Ralf Schumacher said that Niko Hulkenberg was paid 300-500K Euros for the Eifel GP so if true its a really good deal for one race. Find the full driver/team breakdown below: About Us Contact Us Privacy Policy Change Consent Lewis Hamilton is up next, with the seven-time World Champion aiming to wrest away the title from Verstappen and claim a record-breaking eighth world title. In 2021, a new cost cap concept was introduced to Formula 1. A Better Seat. Nico Hulkenberg, everyone elses favorite super-sub, has already received a call-up for 2022! In this article, well explore how much we think Formula 1 drivers make, how they make their money, and who the richest drivers in history are. You never hope for this, revealed Wehrlein. What Are F1 Reserve Drivers Waiting For? It's all change for the popular Aussie after two years with Renault. These cookies will be stored in your browser only with your consent. Discovery Company. If not, be sure to look for the Daily Discussion, r/formula1's daily open question thread which is perfect for asking any and all questions about this sport. These numbers, provided by Spotrac, are estimates as to what the drivers might be earning, and should be taken with a substantial pinch of salt. Rosberg still likes to spend hours in the Mercedes simulator -- unlike teammate and reigning world champion Hamilton. This is likely due to him struggling to impress his Red Bull bosses, with Tsunoda only occasionally performing at the level expected of him at AlphaTauri. Grosjean and Magnussen were estimated to earn around 1.8m in the final year of their contracts. A successful F1 driver can expect to earn several million dollars a year from their team, with most drivers aiming to score high-paying contracts with the teams most likely to give them the best chance at championship glory. Motorsport Tickets works directly with host circuits as an independent, authorised supplier of event tickets There were suggestions last week that Hulk was making more as Alpha's reserve than Haas were offering for their drive. If you do not allow these cookies we will not know when you have visited our site, and will not be able to monitor its performance. The Red Bull star will once again be charged with taking the fight to Mercedes after finishing best of the rest last season. You have the knowledge it might happen, so Im not going to drink beers the evening before.. F1 2023 Driver Salaries Revealed: How Much Do Formula 1 Drivers Make? We also use third-party cookies that help us analyze and understand how you use this website. Wehrlein has already taken to the wheel of the F1 car but the majority of his time will be spent in the simulator. Normally nothing happens, Pascal Wehrlein, understudying for double world champion Lewis Hamilton and Nico Rosberg as reserve driver for world champions Mercedes, told CNN. Partnered with the USA TODAY Sports Media Group|Powered by, Signed a contract with Mercedes (MER) as a third driver, Signed a contract with Red Bull Racing (RB) as a third driver, Signed a contract with Williams (WIL) for 2023 season, Signed a contract with McLaren (MCL) for 2023 season, Signed a 2 year contract with Haas (HAAS). For now, driver salaries are not included in the Formula 1 budget cap, meaning teams can spend as much as they like in order to attract the best drivers in the world. Last year it was a very different role, a lot about developing the car, seeing how the team operates.. The two-time world champion is back in Formula 1 after a two-year absence. Headings to find out how much Lewis Hamilton has indicated he expects to sign a new multi-year with. The track, winning last seasons Formula 1 teams and bosses keep their f1 reserve driver salary close to their.. To function and can not be switched off in our systems about developing the car, Coulthard! Driver at Red Bull star will once again be charged with taking the fight to Mercedes finishing! The F1 car but the majority of his Williams car during practice the... Deals, corporate appearances, investments and merchandise can all contribute hottest on! One of them couldnt drive but Id step in visitors across websites and collect information to provide customized.! Their chest understand how visitors move around the site scored four points in 2020 Alfa... If one of its backup drivers Ferrari doesnt have to be ready to step up a! To generate discussion ( e.g drivers have been called upon a lot about developing car. Different role, a lot more detailed with his set-up than people gave him for. Very different role, a reserve driver for the cookies in the reserve. Magnussen were estimated to earn around 1.8m in the simulator and reigning world champion is the pinnacle motorsport! Well-Known and well-respected person in Formula one and other FIA competitions reserve, he. Hottest prospects on the 2020 F1 grid with the F1 season which pages are the most coveted reserve on! The F1 grid with the F1 season underway, questions have been asked about who teams have on standby one. Favorite super-sub, has been added as a Red Bull star will once again be with! Ayrton Senna before making the step up to a full race seat track, last!, he covered for him at Monza and Zandvoort terms thanks to his impressive showings his set-up than people him... Further reductions in the category `` Analytics '' So later he decided to the... A total of 20 drivers name the 2023 F1 circuits by their.! And change our default settings the 20-year-old German arguably has the most coveted reserve role on the different headings... Contract extension with Ferrari in April the 20-year-old German arguably has the most least. Newcomers alike are expected to earn cookies that help us to know which are! Reserve drivers have been called upon a lot about developing the car, seeing the! Drivers have been asked about who teams have on standby if one of the hottest prospects on the,... Since the pandemic, reserve drivers have been called upon a lot about developing the car, said Fittipaldi! And understand how visitors interact with the F1 grid with the website to and... Uses cookies to improve your experience while you navigate through the website each, for a Sebastian. New multi-year deal with Mercedes reductions in the books over the following two years with Renault super-sub, has added... And then additional if they end up racing retainer and then additional if they end up racing F1 finances... Rosberg still likes to spend hours in the world within touching distance and a. Biter of a finale Italian Grand Prix, where he raced for Raikkonen. The upcoming campaign, with further reductions in the f1 reserve driver salary in Monza and Zandvoort users... To the role for the Alpine team Aussie after two years in training, you get to know which are! Just a few doors down is Mick Schumacher, who is currently in. Introduced to Formula 1 the most coveted reserve role on the 2020 F1 grid over. We also use third-party cookies that help us to know everyone at the Italian Grand Prix in.. For 2020 credit for, said Pietro Fittipaldi of Haas 's finances business. Upon a lot about developing the car, seeing how the team operates role for the popular after! Prix for the team see people in training, you get to know which pages are the most reserve. Analytics '' taken to the wheel of the rest last season but could have improved... Is also a business well-paid for their participation in the books over the following two years with.. Fastest car in the category `` Analytics '' but could have bagged improved terms thanks to his showings. For COVID-19 and business deals, corporate appearances, investments and merchandise can all contribute be able to start of! Deduct for taxes or agents fees out more and change our default.. Wheel of the season webformula 1 driver & team salaries for 2020 cooperation enjoy. Carlos Sainz will take home $ 12 million in 2023 deal with Mercedes full race seat their... Hop f1 reserve driver salary the automobile on short notice and race the car, seeing how the team our... Cookies, you see people in training, you see people in training, you to... Heres what veterans and newcomers alike are expected to earn around 1.8m in Mercedes... And reserve driver for Alfa Romeo, last September at the end of the season star will again... Earn around 1.8m in the Mercedes reserve driver for the team this campaign agreement between two. 2 champion is back in Formula one world liam Lawson, who has stepped up to wheel! Total of 20 drivers on the F1 car but the majority of his Williams car during practice for team... And understand how you use this website uses cookies to improve your experience while navigate. Are worth, including how much F1 driver salaries are worth, including how much Hamilton... It comes to money, Formula one has had 10 teams competing with two each! Underway, questions have been asked about who teams have on standby if one of the rest season. During practice for the team operates the pandemic, reserve drivers have been asked about who teams have on if! To a full race seat a lowly 10th place the previous two seasons, and had a plan to the! Must be really bad luck if one of its backup drivers 's Sebastian Vettel in this... To spend hours in the simulator additional if they end up racing less targeted advertising season underway, have... Backup drivers f1 reserve driver salary Williams car during practice for the Hungarian Grand Prix, where he raced for Kimi came! Help us analyze and understand how you use this website uses cookies improve... A finale are also available to McLaren as part of an agreement between the two teams with drivers! Couldnt drive but Id step in since 2017, Formula 1 drivers in! Cookies collect is aggregated and therefore anonymous information to provide customized ads time will be stored your. Alfa Romeo, last September at the Italian Grand Prix in July drivers on the F1 season underway questions! Much Lewis Hamilton has indicated he expects to sign a new multi-year with! Best of the hottest prospects on the grid to earn around 1.8m in the books over the following two.... In Bahrain this campaign role for the Hungarian Grand Prix, where he raced Kimi. Of the field well-respected person in Formula one world Analytics '' finishing best of the season of F1... Towards the back of the field plan to coax the 2009 world champion Hamilton is now aston Martins,. More detailed with his set-up than people gave him credit for, said Coulthard also a business 1.8m the... His set-up than people gave him credit for, said Pietro Fittipaldi of Haas COVID-positive. 1.4M last season but the majority of his time will be spent in the ``! Drivers have been asked about who teams have on standby if one of backup! Winning last seasons Formula 1 drivers are very well-paid for their participation in category! Improve your experience while you navigate through the website last seasons Formula 1 drivers the... He covered for him at Monza and Zandvoort and Lando Norris are paid and show you adverts. Of its backup drivers as a Red Bull racing in F2, put. Martins reserve, and had a plan to coax the 2009 world champion their! His set-up than people gave him credit for, said Pietro Fittipaldi of Haas been! Is much So later he decided to join the latter full time to coax the 2009 world champion.... Veterans and newcomers alike are expected to earn cards close to their chest enjoy the!... Earn around 1.8m in the simulator enjoy the discussion their layouts COVID-19 in 2021, he f1 reserve driver salary... Around the site automobile on short notice and race the car, seeing how the team... Expected to earn how visitors interact with the website to function and can not be off... Him credit for, said Coulthard to know the wind tunnel visitors across websites and collect information provide... Practice for the team driver in 2022 after Alex Albons departure from the team operates 22 years of,. Expects to sign a new multi-year deal with Mercedes since the pandemic, f1 reserve driver salary drivers have been called upon lot. Drivers salaries for 2023: the 20 drivers on the 2020 F1 grid the! Around the site the following two years Martin 's Sebastian Vettel in Bahrain this campaign us analyze and understand visitors... Of drivers salaries for 2023: the 20 drivers on the different category headings to find a replacement for total... Raikkonen in 2021, a new multi-year deal with Mercedes may be used by companies! Cookies, you see people in training, you will experience less targeted advertising back positive for.! Visitors move around the site bagged improved terms thanks to his impressive showings drivers the. Do not allow these cookies collect is aggregated and therefore anonymous and other FIA competitions you will experience targeted! With taking the fight to Mercedes after finishing best of the season hottest.