Hamilton has a solution for the salary cap: "We should also earn that salary"

Hamilton surprised

From 2021, the budget cap will apply to Formula 1 teams, but will not include the top three staff and drivers' salaries. To further reduce costs, F1 is now working on a cap for these salaries. This should start in 2023 and only existing long contracts will not have to comply with this new rule.

However, this new rule is causing amazement among drivers. "I didn't even know this was being discussed and for us, as drivers, it is a surprise. We heard it once last year, but that was the last time at the French Grand Prix. I think it is very important that the GPDA (Grand Prix Drivers' Association) is working with Formula 1 and working for a solution in the future,” said Hamilton, according to Racefans.net.

American model

The Brit has still not signed a new contract and would be the one to be hit hardest. His new contract will have to comply with that new cap, when there was talk of a new contract worth EUR 50 million. In any case, the British person will have to surrender because he is already earning more than the full salary cap.

"It is an emotional subject. F1 teams should be able to last longer and make a profit, but on the other hand, F1 drivers are the best in the world and they should be earning the salary that other stars in the sport also get," concludes Hamilton pointing to the American model where salaries are limited, but athletes themselves have much more freedom to make deals out of it.