{"id":1733,"date":"2021-07-20T14:36:54","date_gmt":"2021-07-20T13:36:54","guid":{"rendered":"https:\/\/motorsporttickets.com\/blog\/?p=1733"},"modified":"2023-07-13T13:54:20","modified_gmt":"2023-07-13T12:54:20","slug":"f1-driver-salaries-how-much-do-formula-1-drivers-earn-in-2021","status":"publish","type":"post","link":"https:\/\/motorsporttickets.com\/blog\/f1-driver-salaries-how-much-do-formula-1-drivers-earn-in-2021\/","title":{"rendered":"F1 driver salaries: How much do Formula 1 drivers earn in 2021?"},"content":{"rendered":"\n

It\u2019s no secret that driving cars at the pinnacle of motorsport comes with a hefty reward. Throughout history, some Formula 1<\/a> drivers have been considered the highest-paid athletes in world sport. So, what are the current F1 driver salaries in 2021?<\/p>\n\n\n

\n
\"\"<\/figure><\/div>\n\n\n

It\u2019s a difficult question to answer. Typically, this information isn\u2019t released by teams nor the drivers because, why would they?<\/p>\n\n\n\n

But that won\u2019t stop some from guessing. When drivers post images on social media of their lavish homes, fast cars and hedonistic lifestyle, you can\u2019t help but speculate how much they have in the bank.<\/p>\n\n\n\n

Why F1 driver salaries depend on bonuses<\/strong><\/h3>\n\n\n\n

F1 drivers\u2019 salaries are huge, but that\u2019s not the entire story. Contracts often include performance-based bonuses. This might be where a driver receives a sum based on winning a race, scoring a certain number of points, or finishing above a certain position.<\/p>\n\n\n\n

An example of this would be Kimi Raikkonen\u2019s return to Formula 1 in 2012. The Finn took a sabbatical from the sport in 2009. When he returned, he raced with Lotus F1 Team in its first season under that name.<\/p>\n\n\n\n

It was a coup to nab a World Champion on his return to the sport, especially given Raikkonen was in negotiations with a seat at Williams. So Lotus team boss G\u00e9rard Lop\u00e9z sweetened the deal, promising a \u20ac50,000 bonus for every world championship point scored during his two-year deal.<\/p>\n\n\n\n

\"\"
Kimi Raikkonen’s victory at the 2011 Abu Dhabi Grand Prix would have earned him a cool $1.25m in bonuses.
Copyright: Motorsport Images<\/figcaption><\/figure>\n\n\n\n

Lop\u00e9z wasn\u2019t expecting the performances Kimi pulled out the bag. The Iceman scored a 2nd<\/sup> place finish in just his fourth race with the team and went on to win two races during his time with the team. He scored so many points, he finished 3rd<\/sup> and 5th in the drivers\u2019 championship in each of his seasons with Lotus.<\/p>\n\n\n\n

He amassed 390 points in two years, accumulating a whopping \u20ac19.5 million in bonuses alone. According to some reports, that was almost enough to bankrupt the team.<\/p>\n\n\n\n

But given Lotus finished 4th<\/sup> in the constructors\u2019 championship in both seasons, they will<\/p>\n\n\n\n

have surely recouped some of that cash in prize money.<\/p>\n\n\n\n

Why it\u2019s hard to estimate F1 driver salaries<\/strong><\/h3>\n\n\n\n

In the same way you wouldn\u2019t necessarily publicise how much you earn at work, drivers and teams keep their cards close to their chest when it comes to wages.<\/p>\n\n\n\n

This is for numerous reasons, including contract negotiations. It\u2019s easier to hammer out a contract if a teammate isn\u2019t privy to the numbers being discussed.<\/p>\n\n\n\n

F1 drivers generally don\u2019t boast about how much they\u2019re paid, but that doesn\u2019t stop the press from speculating. For instance, when Lando Norris was handed a new two-year deal with McLaren in 2021, it was estimated the contract was worth \u00a36 million per year.<\/p>\n\n\n\n

However, ex-driver Martin Brundle was quick to point out that salary estimates reported in the press were \u201crarely right\u201d.<\/p>\n\n\n\n

F1 driver salaries and the cost cap<\/strong><\/h3>\n\n\n\n

From the beginning of the 2021 season, Formula 1 introduced a cost cap, designed to level the playing field across the teams\u2019 finances.<\/p>\n\n\n\n

Each team will be able to spend a maximum of $145million throughout the season. However, this only applies to \u2018performance-related costs\u2019. That means the cost of building the cars, mechanic and engineering salaries, testing or wind tunnels and anything related to the car itself.<\/p>\n\n\n\n

Among the many exclusions are marketing, wages of the three highest-paid personnel, bonuses, travel and hotels and driver fees.<\/p>\n\n\n\n

That means F1 driver salaries are not affected by the cost cap, and teams can spend an unlimited amount on their drivers.<\/p>\n\n\n\n

This differs from other sports that operate a salary cap on players. For instance, in the NFL teams are not permitted to spend more than $182.5million on the salaries of players in the team.<\/p>\n\n\n\n

How much do the 2021 Formula 1 drivers earn?<\/strong><\/h3>\n\n\n\n

While we\u2019ve demonstrated it\u2019s difficult to estimate how much F1 drivers salaries are worth, many have tried. Below, you will find the widely reported salaries of Formula 1 drivers in the 2021 season.<\/p>\n\n\n\n

Pos<\/th>Driver<\/th>Team<\/th>Salary (GBP)<\/th>Salary (USD)<\/th>Salary (EUR)<\/th><\/tr><\/thead>
1<\/td>Lewis Hamilton<\/strong><\/td>Mercedes<\/td>\u00a322m<\/td>$30m<\/td>\u20ac25m<\/td><\/tr>
2<\/td>Max Verstappen<\/strong><\/td>Red Bull<\/td>\u00a318m<\/td>$25m<\/td>\u20ac21m<\/td><\/tr>
3<\/td>Fernando Alonso<\/strong><\/td>Alpine<\/td>\u00a315m<\/td>$20m<\/td>\u20ac17m<\/td><\/tr>
4<\/td>Sebastian Vettel<\/strong><\/td>Aston Martin<\/td>\u00a311m<\/td>$15m<\/td>\u20ac13m<\/td><\/tr>
–<\/td>Daniel Ricciardo<\/strong><\/td>McLaren<\/td>\u00a311m<\/td>$15m<\/td>\u20ac13m<\/td><\/tr>
6<\/td>Charles Leclerc<\/strong><\/td>Ferrari<\/td>\u00a39m<\/td>$12m<\/td>\u20ac10m<\/td><\/tr>
7<\/td>Valtteri Bottas<\/strong><\/td>Mercedes<\/td>\u00a37m<\/td>$10m<\/td>\u20ac8m<\/td><\/tr>
–<\/td>Carlos Sainz<\/strong><\/td>Ferrari<\/td>\u00a37m<\/td>$10m<\/td>\u20ac8m<\/td><\/tr>
–<\/td>Lance Stroll<\/strong><\/td>Aston Martin<\/td>\u00a37m<\/td>$10m<\/td>\u20ac8m<\/td><\/tr>
–<\/td>Kimi Raikkonen<\/strong><\/td>Alfa Romeo<\/td>\u00a37m<\/td>$10m<\/td>\u20ac8m<\/td><\/tr>
11<\/td>Sergio Perez<\/strong><\/td>Red Bull<\/td>\u00a36m<\/td>$8m<\/td>\u20ac7m<\/td><\/tr>
12<\/td>Lando Norris<\/strong><\/td>McLaren<\/td>\u00a34m<\/td>$5m<\/td>\u20ac6m<\/td><\/tr>
–<\/td>Esteban Ocon<\/strong><\/td>Alpine<\/td>\u00a34m<\/td>$5m<\/td>\u20ac6m<\/td><\/tr>
–<\/td>Pierre Gasly<\/strong><\/td>AlphaTauri<\/td>\u00a34m<\/td>$5m<\/td>\u20ac6m<\/td><\/tr>
15<\/td>Antonio Giovinazzi<\/strong><\/td>Alfa Romeo<\/td>\u00a3730,800<\/td>$1m<\/td>\u20ac840,000<\/td><\/tr>
–<\/td>Mick Schumacher<\/strong><\/td>Haas<\/td>\u00a3730,800<\/td>$1m<\/td>\u20ac840,000<\/td><\/tr>
–<\/td>Nikita Mazepin<\/strong><\/td>Haas<\/td>\u00a3730,800<\/td>$1m<\/td>\u20ac840,000<\/td><\/tr>
–<\/td>Nicholas Latifi<\/strong><\/td>Williams<\/td>\u00a3730,800<\/td>$1m<\/td>\u20ac840,000<\/td><\/tr>
–<\/td>George Russell<\/strong><\/td>Williams<\/td>\u00a3730,800<\/td>$1m<\/td>\u20ac840,000<\/td><\/tr>
20<\/td>Yuki Tsunoda<\/strong><\/td>AlphaTauri<\/td>\u00a3364,900<\/td>$500,000<\/td>\u20ac420,000<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Of course, take this with a pinch of salt. But if you wanted a better idea of how much Formula 1 drivers are paid, now you have your answer.<\/p>\n","protected":false},"excerpt":{"rendered":"

It\u2019s no secret that driving cars at the pinnacle of motorsport comes with a hefty reward. Throughout history, some Formula 1 drivers have been considered the highest-paid athletes in world sport. So, what are the current F1 driver salaries in 2021? It\u2019s a difficult question to answer. Typically, this information isn\u2019t released by teams nor […]<\/p>\n","protected":false},"author":2,"featured_media":1736,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"ub_ctt_via":"","footnotes":""},"categories":[211],"tags":[6],"class_list":["post-1733","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dssc","tag-formula-1"],"featured_image_src":"https:\/\/motorsporttickets.com\/blog\/wp-content\/uploads\/2021\/07\/1018714410-LAT-20210715-GP2110_110844_56I7362.jpg","author_info":{"display_name":"Will Longman","author_link":"https:\/\/motorsporttickets.com\/blog\/author\/willmotorsporttickets-com\/"},"acf":[],"yoast_head":"\nF1 driver salaries: How much do Formula 1 drivers earn in 2021?<\/title>\n<meta name=\"description\" content=\"Find out how much F1 driver salaries are worth, and how much Lewis Hamilton, Max Verstappen and Fernando Alonso will earn in 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