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. As you might expect, Lewis Hamilton is estimated to have the largest salary of the F1 drivers on the current grid. The 31-year-old scored two podium places last season and is expected to perform well again for a team on the up. #Circuit Albert Park pic.twitter.com/4oKvIdRddE. Enjoy this party classic with an updated RT twist - fun for all the family! Alongside him, Carlos Sainz will take home $12 million in 2023. Theyd finished a lowly 10th place the previous two seasons, and had a plan to coax the 2009 world champion into their seat. However, the seat went to Kevin Magnussen. Just a few doors down is Mick Schumacher, who has stepped up to the role for the 2022 F1 season. He hasnt won a race since 2019 but leaves the sport with 53 career victories, the third-best mark in history, after Lewis Hamilton (103) and Michael Schumacher (91). Im still around, still in the mix and although a return is unlikely, it is not completely impossible, and youre still in and around Formula 1.. Thus hell likely get a chance if Pierre Gasly or Yuki Tsunoda is unable to compete. WebFormula 1 Driver & Team Salaries for 2023: The 20 drivers on the 2020 F1 grid earn over 189 million combined. We also use third-party cookies that help us analyze and understand how you use this website. 6:08 AM EDT, Thu May 14, 2015. Di Resta has 59 F1 starts under his belt and a track record of filling in for motorists at the last moment. This figure reduced to $140 in 2022, and will decrease further to $135m in 2023. 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. The exact job depends on the team, but usually involves testing the car on the simulator, driving during testing and practices, and media and marketing duties. Renault's rebrand to Alpine and the arrival of Fernando Alonso as his new team-mate could be the soft reboot the talented 24-year-old needs to enjoy a better campaign. Aitken will remain in this position through the 2022 campaign. To find out more, visit www.raceofchampions.com. The best independent Formula 1 community anywhere. Claire Williams. Mercedes' No.2 will want to quickly forget the final weeks of the 2020 season after a string of nightmare races including being outshone by stand-in Russell at the Sakhir Grand Prix. Of course, it is worth bearing in mind that these figures are not published by the teams, so its impossible to know the figures. Lewis Hamilton car collection: Take a closer look at his incredible private garage He raced in the final two events of 2020 after Romain Grosjean was injured in an accident. One of the listed exceptions to the cost cap is racing driver salaries and fees. Amongst them are Ferraris Charles Leclerc, who will pocket $24 million from the Scuderia in 2023. If one of the Ferrari drivers is unable to participate in a race weekend, the team will rely on a familiar face as their reserve driver; Antonio Giovinazzi, who has been a Ferrari reserve since 2017. Did you encounter any technical issues? Its much easier to attend this position when you are a young driver because everything is attractive and it is nice, he said. Note that these reported earnings are estimated basic salaries, and dont take into account further financial opportunities such as win, championship, or points bonuses, sponsorship agreements, or external business interests or investments. I was back a few times, got a lot of P.R. There are only 20 full-time race seats. 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. Norris took a step forward in 2021, claiming his first pole as well as four podium finishes, and McLaren rewarded him with a contract extension through 2025. Red Bull Racing's Max Verstappen set an F1 record for race wins in a season. Lewis Hamilton has the highest wages, earning $35,000,000 per year. And its not just on the track where drivers can grow their bank accounts. A 14m salary is reward for Max Verstappen's potential and he backed up his pay with two race wins in 2020. They do not store directly personal information, but are based on uniquely identifying your browser and internet device. Source: 2023 Formula 1 salaries were collected from RacingNews365. One of the hottest prospects in the field, the Ferrari star earned a respectable eighth-place finish in 2020 despite driving a sub-par Ferrari car. You just soak absolutely everything up, said Coulthard, who said it was important for reserves to act like a sponge. The 39-year-old will be expected to help his new team win the midfield battle after a fifth-place finish in the 2020 constructors' championship. Last year, Paul di Resta was announced as a third test driver in the event so both Stoffel and Nyck became unavailable for a Formula E racing season. As others said it depends on the individual deal. There will, at least, be one 2022 reserve driver on Formula 1s 2023 grid. The seven-time world champion pocket an estimated $40 million from his salary and endorsements. 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.. This cookie is set by GDPR Cookie Consent plugin. Valtteri Bottas is under pressure to justify his seat with the Silver Arrows, who fork out around 8m a year for his services. With 99 F1 starts to his name, he looked to have a long and successful career ahead of him before his 2011 Rallying accident. That helped him finish above his legendary teammate Lewis Hamilton in the season-long standings, at No. He brings plenty of sponsorship cash and is likely to earn a similar sum to the 2.5m he was paid in 2020. One rumored possibility is that he could become a reserve driver for Mercedes or Red Bull. These cookies are necessary for the website to function and cannot be switched off in our systems. A Better Seat. 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. 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. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. At 22 years of age, 2018 F2 champ Russell is regarded as one of the hottest prospects on the grid. Rosberg still likes to spend hours in the Mercedes simulator -- unlike teammate and reigning world champion Hamilton. While F1 is the pinnacle of motorsport, it is also a business. Forbes does not deduct for taxes or agents fees. He is followed by Max Verstappen with $25 million and Fernando Alonso with $20 million. During a race weekend, Reserve Drivers, as they are officially known, are kept on the phone list or are frequently present at the track. In the spirit of offering maximum racing opportunities to our stable of young talent, we have agreed that @McLarenF1 may call upon BWT Alpine F1 Team Reserve Driver @OscarPiastri in the event one of their drivers is unable to race. 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. The 2021 Formula 2 Winner has been signed by Alpine and is set to replace Fernando Alonso whenever he retires from the sport. Last years Formula 2 champion, Oscar Piastri, has spent this season as Alpines reserve, but is poised to make his race debut with McLaren in March. Andrej Isakovic/Agence France-Presse Getty Images. Drivers who may be past their outright sporting peak may also be paid vast sums of money, due to their experience, knowledge, and marketability. F1 in Las Vegas:Formula 1 granted access to hold Las Vegas Grand Prix on iconic Strip through 2032. Lewis Hamilton will unsurprisingly remain Formula 1's top earner in 2020, with the seven-time world champion collecting a basic salary from Mercedes estimated at a lofty 47m, according to industry publication Business Book GP. However, a litany of expenditure is excluded from the restrictions including driver costs, paving the way for sprawling, wide-ranging wages between drivers and teams. 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. Lando Norris is likely to see his earnings rise in the future if he continues his progress up the grid. Motorsport Tickets works directly with host circuits as an independent, authorised supplier of event tickets Stoffel has considerable of F1 experience, having made 41 starts for McLaren between 2016 and 2018. Reserve drivers in F1, also known as test drivers, are the third drivers in Formula 1 teams and they often take part in testing and do most of the simulator work. They are typically veterans without a full-time ride, youngsters eyeing a race future or ousted racers who seek a return. It is a gamble between glory and obscurity. Pietro Fittipaldi during qualifying in 2020 in Abu Dhabi, where he raced for Haas in place of Romain Grosjean. Not all Formula One drivers are compensated equally, with salaries ranging from about $1 million to an impressive $55 million. Its no secret that Formula 1 is a money-spinning sport. All rights reserved Part of, Forbes published a list of all-time highest paid sportspeople. The British racer finished runner-up in the 2001 title race but his career began behind the scenes as a test and reserve driver for the Williams. As part of a deal between the 2 teams, Mercedes test driver pairing is also accessible to McLaren. Even so, Formula 1s star drivers have reason to believe their paydays will keep rising, and its not just that the series is growing. The complicated world of motorsport contracts means that performance-based bonuses can determine a significant portion of the final wage. Wehrlein has already taken to the wheel of the F1 car but the majority of his time will be spent in the simulator. Browse our online application for MLB, NBA, NFL, NHL, EPL, or MLS player contracts, salaries, transactions, and more. Verstappen, who signed a lucrative new contract before the season, finishes 2022 with 15 race winsincluding a victory in Sundays finale in Abu Dhabisetting an F1 record and piling up a 146-point lead in the driver standings. Fernando Alonso is estimated to be earning 15m for his comeback season with Alpine, who have rebranded from Renault. After Verstappen refused a Red Bull team order to let Prez pass him, Prez, in his second season with Red Bull, responded over the radio that it shows who he really is. Prez signed a two-year extension with the team in May. He replaces Daniil Kvyat at AlphaTauri in 2021, with the Russian estimated to have been earning 1.4m a year the same as team-mate Pierre Gasly. And when it comes to money, Formula 1 teams and bosses keep their cards close to their chest. Liam Lawson is a Red Bull Racing Test Driver and AlphaTauris test driver. He also notched his first career win, at the British Grand Prix in July. When I first drove an F1 car at 19, that was fine, quicker than anything before but enough for me to realize it wasnt a rocket ship, this was achievable. but the salary for a reserve driver is not usually disclosed by the team however they may also have their own sponsors that they bring to the team, and these sponsors often also pay the drivers for doing any kind of PR work or attending sponsor events. Most notably, Nico Hulkenberg stood in for both Racing Point racers when they came back positive for COVID-19 in 2020, and he returned to Bahrain each year to replace Sebastian Vettel at Aston Martin. It let me take my talent to a higher level by seeing them in a different way that I couldnt see them when racing. 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. So in a recent interview with Matthew Carter, former Lotus team boss and generally well connected and commercially astute guy, he suggested that reserve drivers would expect to pay/bring mid single digit millions to be the reserve driver. In the reserve driver role its more about life experience, business decisions, being tuned in and learning to be a bit more worldly.. Amongst F1s lowest-paid drivers in 2023 are the rookie drivers: Logan Sargeant and Nyck de Vries are expected to bring home around $1 million each. Off-track compensation, including endorsements, is not included in this ranking. Ricciardo has reportedly taken a cut from his previous 16m salary to join McLaren, who finished third in the 2020 constructors' championship. pic.twitter.com/etmryT1UrJ, BWT Alpine F1 Team (@AlpineF1Team) March 12, 2022. The Mexican won his first Grand Prix on his way to an impressive fourth-place finish last season. Sergio Prez had a strong season with Red Bull Racing, but a kerfuffle with his teammate Max Verstappen in the penultimate race stole the attention. These cookies may be set through our site by our advertising partners. , earning $ 35,000,000 per year signed by Alpine and is set by cookie... ( @ AlpineF1Team ) March 12, 2022 AlpineF1Team ) March 12, 2022 to money Formula... 135M in 2023 in Las Vegas Grand Prix on iconic Strip through.. The 39-year-old will be spent in the Mercedes simulator -- unlike teammate and world! 2020 in Abu Dhabi, where he raced for Haas in place Romain. Pietro Fittipaldi during qualifying in 2020 million to an impressive fourth-place finish season. But the majority of his time will be spent in the Mercedes simulator -- unlike and. Advertising partners Mercedes simulator -- unlike teammate and reigning world champion pocket estimated. 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