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Binotto: Driver salary cap is being discussed

MONTE-CARLO, MONACO – MAY 28: Red Bull Racing Team Principal Christian Horner talks with Scuderia Ferrari Team Principal Mattia Binotto in the Paddock prior to final practice ahead of the F1 Grand Prix of Monaco at Circuit de Monaco on May 28, 2022 in Monte-Carlo, Monaco. (Photo by Eric Alonso/Getty Images) // Getty Images / Red Bull Content Pool.

Mattia Binotto has revealed that F1 teams are considering a possibility of the introduction of the driver salary cap.

The appearance of the budget cap in 2021 was a significant change for F1. However, it only covered the costs related with the car performance. For instance, the salaries of drivers and top three team personnel were not included.

According to Binotto, the situation may change in the future.

“That’s a point we started discussing now a month ago, together with all the teams, F1 and the FIA,” the Ferrari team principal said.

“We understand the importance to try somehow to cap the overall expenses. Obviously, there is not only the three top, let me say, key personnel in the team, there is not only the drivers, there is the engine and the power unit as well, for which there will be a budget cap in the future.

“We are discussing it. There is not a straightforward solution, especially for a driver salary cap. We are trying to understand what could be a solution.

“It will not be in the short-term, the reason for that is we already have contracts in place, and we cannot simply breach them. There are legal implications, certainly to understand how to do that, so it’s a discussion.

“It’s an important one, we understand it and we recognize it will take time, but certainly we will go through the process.”

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