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Tuesday, August 4, 2020

Grosjean: F1 drivers like Hamilton earning “unacceptable” £ 40 million a year – F1

Romain Grosjean finds it “unacceptable” that top Formula 1 drivers like Lewis Hamilton are making more than $ 40 million a year, while some of its competitors are much less.

With F1 taking into consideration some form of wage cap in the future as part of ongoing cost-cutting measures, the idea has split drivers.

Some are in favor of the move because they believe that things would be all right, while others are against it because they believe that the best stars should be able to earn bigger money.

Grosjean, who is director of the Grand Prix Drivers’ Association (GPDA), said there was debate on the issue – and one of the concerns was that limiting the top pay could affect the rising star’s career.

“We had this speech in the GPDA,” explained driver Haas.

“Some were in favor, others were against it. I think it’s unacceptable that Lewis Hamilton earns more than $ 40 million while some drivers earn € 150,000 a year for the same job.

“However, what has been underlined is that if we limit drivers’ salaries, we break the whole motorsport ladder.

“Who invests money in young driver programs to pay for rides if they can’t get their money back by taking a percentage of the drivers’ high wages? This is the debate.

“Personally, I wasn’t necessarily against the idea of ​​having drivers’ salaries in the maximum budget.

“But then, for sure, you would wonder which manufacturer or manager would come and spend a fortune on a driver just to recover 20% of something that’s limited, so don’t get their money back …”

Hamilton will soon begin discussing a new contract with Mercedes, with him almost certain to remain on the team for the next few years.

The world champion moved in on Saturday morning to wipe out a report that his claim for a £ 40 million salary was rejected by Mercedes and offered only half.

“So the media keep writing about the contract and I’m making requests but I haven’t talked to Toto about it yet,” he posted on Instagram.

“No requests, the conversation hasn’t even started. So please stop doing shit.”

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