Categories: News

Max Verstappen and Red Bull choose eggs for their money: “Threatening salary ceiling is avoided”

Max Verstappen © Red Bull Content Pool

Max Verstappen signed a monster contract with Red Bull until 2028 and that is not only good for himself but also for his team. After all, there is a threat of a salary ceiling in Formula 1.

Formula 1 has long been a sport that involves a lot of money, but in recent years efforts have been made to limit the importance of the financial aspect with new rules such as the budget cap.

The main intention is to ensure that the gap between the large teams and the small teams does not become too great due to the fact that the latter simply have less money to spend.

But it is not all gold that glitters because the budget cap that has been introduced in Formula 1 since two years does not apply to all aspects. For example, driver’s wages are not included, although work is being done behind the scenes to rectify that shortcoming.

At the moment, a team can still spend as much as it wants on a driver’s wages and that probably contributed to Max Verstappen’s new multi-million contract that was officially announced yesterday.

Max Verstappen is therefore choosing eggs for his money with his new contract by signing an agreement that binds him to Red Bull until 2028. If the rules were to change in the near future, that will not be the case for existing contracts and the 2021 world champion has so his sheep are on dry land.

You may not expect it, but Red Bull is also making a smart move by offering Max Verstappen a monster contract in which he will earn between forty and fifty million euros every year until 2028. After all, the world champion is only twenty-four years old and has been considered the best driver of his generation for years.

If the rules change in the future and the drivers’ salaries fall under a budget cap, no team will have the financial means to untie him from Red Bull for the next six years and so they are sure of the Austrian formation. his services until 2028. So everyone is happy…

More F1 news:Mazepin threatened to withdraw Uralkali as sponsor of Haas F1 teamManager of Max Verstappen: “The future at Red Bull looks good”Haas F1 team says goodbye to Russian driver, Fittipaldi tests in Bahrain“There is a tense atmosphere in the F1 paddock, nobody knows who is the fastest”Max Verstappen: “Red Bull F1 car will look completely different in Bahrain”

(F1journaal.be)

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