F1 salarys

ringo · 30 May 2002, 01:45 (Ref:299981)

hello,

im just wondering if guys like massa, webber, mcnish and other first timmers get paid well (how much?), and by their teams or their personal sponsors. Also how much do guys like heidfeld, salo, fisichella, etc make...

Also is there goood prize money in F1 as I know the IRL and Cart championships both have good prize money...

Thnakyou

freud · 30 May 2002, 01:53 (Ref:299984)

I think Massa, Webber, Sato and Yoong are actually paying for their drives.

ringo · 30 May 2002, 03:30 (Ref:300032)

Do you know how much $$$ any of them pay???

freud · 30 May 2002, 03:34 (Ref:300037)

can say it from top of my head

Jukebox · 30 May 2002, 04:06 (Ref:300044)

I read somewhere that this year Yoong, Webber and Benoldi pays for their drive by their sponsors.

Champ69 · 30 May 2002, 04:50 (Ref:300046)

I will put the figures up tonight. F1 Magazine March 2002

f1manoz · 30 May 2002, 05:11 (Ref:300049)

Everyone in F1 is paid too much. The whole CIRCUS costs too much!!!!

Wrex · 30 May 2002, 12:03 (Ref:300292)

I watched an interview with Webber last year where he said he was being 'paid' approx $200,000 per year as a tester for Benetton. I would assume he is still being paid, but obviously sponsors contribute that amount and more.

StuiE · 30 May 2002, 12:07 (Ref:300300)

Renault Pays Minardi for Webber's drives

and i would race a full season for $200,000, heck, i would do it for free

**Stephen Green** · 30 May 2002, 12:43 (Ref:300334)

As far as I am aware it's Yoong's Malaysian sponsorship to Minardi that gets him the drive. How much it is I have no idea but without it he would not be driving the car, that's for sure!

ljakse · 30 May 2002, 16:03 (Ref:300490)

Quote:

Originally posted by ringo

Also is there goood prize money in F1 as I know the IRL and Cart championships both have good prize money...

Thnakyou

I don't know if this is still valid, but few years ago I came across an article that was explaining how everything in F1 has it's price. It was giving some examples like the driver that leads first 10 or 15 laps get $47000, and so on. The conclusion was that the driver who gets a 'grand slam' - pole, leading whole race, fastest lap and wins the race gets app. $950000.
Don't know for other teams, but McLaren and Ferrari used to award their drivers $100000 for every point they win.
So, if you would drive for one of those two, grab a 'grand slam' you'd be richer for almost $2000000.

Damon · 30 May 2002, 19:20 (Ref:300695)

F1 Racing mag did a value for article at christmas which had the drivers approximate salaries in it. They reckon Kimi was only paid £70,000 for his first year, now that was a bargain. Montoya only got £2.5 million as well. When you compare these to JV's £10 million it is easy to see how the cah becomes so displaced within the sport.

Alan Jones · 30 May 2002, 20:13 (Ref:300745)

Renault is paying Webber this year, nice one Flav!!

Champ69 · 31 May 2002, 00:22 (Ref:300950)

What the teams pay their drivers

M Schumacher $32m
Villeneuve $21m
Irvine $12
R Scumacher $12
Frentzen $8
Coulthard $8
Raikkonen $8
Trulli $6
Barrichello $5.5
Fisi $5
Button $4.5
Salo $3.5
Montoya $3.5
Panis $3
Heidfeild $1.5
De la Rosa $1.5
McNish $1.5
Sato $1
Massa $500,000
Bernoldi $Nil
Webber $NIL
Yoong $NIL

Figures from March F1 Magazine.

The drivers get paid from other sources as well eg.. Bernoldi from Red Bull, Webber from Renault and Telstra. Schumacher various sources totalling around an extra 70mill

freud · 31 May 2002, 03:31 (Ref:301009)

EJ is paying Sato a million bucks??! I wonder why a smartass like him made such a dumb deal?

**Stephen Green** · 31 May 2002, 07:52 (Ref:301093)

Not such dumb move if you consider what he would otherwise have to pay Honda for their engines. I would say $1 million for a Honda engine deal was cheap!

Nicholas · 31 May 2002, 10:53 (Ref:301307)

Going slightly OT, but I heard somewhere that David Richards said that a quarter of the BAR budget was going to JV's salary...

which would mean that BAR's overall budget is $84 million, which was more like Minardi's league, looking at figures for team budgets recently. I'm confused...:confused:

f1manoz · 31 May 2002, 11:08 (Ref:301318)

M Schumacher $32m - I'll leave this one

Villeneuve $21m - WELL overpaid
Irvine $12 - WELL overpaid
R Scumacher $12 - Overpaid
Frentzen $8 - If he took a paycut, Arrows could survive

Coulthard $8 - Deserving
Raikkonen $8 - Overpaid
Trulli $6 - Deserving
Barrichello $5.5 - Deserving
Fisi $5 - Underpaid, but due to finances
Button $4.5 - Deserving
Salo $3.5 - Deserving
Montoya $3.5 - Underpaid
Panis $3 - Fine
Heidfeild $1.5 - Underpaid!!!
De la Rosa $1.5 - Fine
McNish $1.5 - Fine, if not a little underpaid
Sato $1 - Hmmmm......
Massa $500,000 - Fine
Bernoldi $Nil - Not surprising
Webber $NIL - Deserves to be paid!
Yoong $NIL - Hah!

freud · 31 May 2002, 15:29 (Ref:301630)

Quote:

Originally posted by Stephen Green
Not such dumb move if you consider what he would otherwise have to pay Honda for their engines. I would say $1 million for a Honda engine deal was cheap!

Oh I see

.... that why the smartass was so keen on getting a japanese driver.

F1manoz, my own interpretation of the driver pays would be as follows(expected pays in brackets):

M Schumacher $32m - WELL over paid (15 million)
Villeneuve $21m - overpaid (12 million)
Irvine $12 - overpaid (4 million)
R Scumacher $12 - Overpaid (5 million)
Frentzen $8 - Overpaid (4 million)
Coulthard $8 - Overpaid (6 million)
Raikkonen $8 - Overpaid (3 million)
Trulli $6 - Overpaid (5 million)
Barrichello $5.5 - Underpaid (6 million)
Fisi $5 - Overpaid (2.5 milion)
Button $4.5 - Overpaid (2.5 million)
Salo $3.5 - Overpaid (1 million)
Montoya $3.5 - Underpaid (10 million)
Panis $3 - ok
Heidfeild $1.5 - Underpaid (4 million)
De la Rosa $1.5 - Overpaid (nil)
McNish $1.5 - Overpaid (250,000)
Sato $1 - Good deal considering the honda aspect
Massa $500,000 - ok
Bernoldi $Nil - ok
Webber $NIL - Deserves money.
Yoong $NIL - ok

Red · 31 May 2002, 15:43 (Ref:301654)

is there anyone underpaid? There's a reason why they get all those money freud.

PS: Come on come on! All of them are overpaid, even Yoong. Actually they should PAY big bucks for their cars, tyres, various fuels etc plus salaries for the crew if the really-really want a Drivers Championship.

Dino IV · 31 May 2002, 16:22 (Ref:301722)

It's funny to see the long-term contracts - which increase substantially year after year - drivers cashing their bucks now. Those are widely overpaid and laughing themselves sick probably. Villeneuve and especially Irvine. Those will be out or cut in half - at least - next year.

Victim of such a high-rise contract fell Fisichella. Last year earning something like $12 million or even more in his sentence-to-racing-life contract with Flavio, now back down to $5 million in his new contract with Eddie. Trulli in a similar situation now at the Renault. When those guys could have profited from a few Ferarri-Williams-McLaren guys stepping down they could have made themselves easily double or triple wages. Same goes for Heidfeld who apperantly hasn't got a manager who can get something more from Peter "Scrooge" Sauber.

Some other things are noteworthy in this list, like i.e. the huge amount of money HHF has gotten from Arrows. Tom must have wanted him dearly when these figures are really trustworthy. Another one is Kimi's deal, where Ron is paying quite a lot for the youngster. Especially if you compare that to the laughable first contract salary Williams are paying Montoya. Epect him to break to the top 3 when his contract is renewed at the end of this season.

Bibendum · 31 May 2002, 16:30 (Ref:301726)

Confronted with these marvelous (and rather uncertain) numbers -- as one is with football players, basketball players, ice hockey players, etc. etc. -- I think it's as well to remember one essential point: The people who own the sports do not pay their 'stars' one penny more than they believe they will make off them, and actually allow themselves a nice margin on the top besides.

We can argue about the judgement involved in this spend money to make money logic -- perhaps Eddie and Jacques have not lately contributed to the bottom line in the way their salaries might suggest -- and perhaps, as with so much in the kwazy world of commerce and finance, it's largely a matter of a collective (and potentially fragile) illusion (or delusion)... But, all in all, if we want to get outraged about money, start at the top.

Of course it's hard to think of F1 drivers in the same frame of reference as factory workers, say, but the structural relationship is the same; they do not own the means by which the wealth is produced, and their interest is to maximize the amount the owners pay them. Those who do own those means want to maximize the amount they make off the labour (!) of their drivers, designers, managers, technicians, and so forth. They do not, I repeat, pay their subordinates more than they think they will make off these assets.

That said, I thnik Heidfeld is grossly undercompensated, but considering the owner in this case -- Peter Sauber seems like a decent sort, from what I've read -- I'd say that some kind of decent equilibrium has been reached there.

calais · 31 May 2002, 16:42 (Ref:301736)

Quote:

Originally posted by Red
is there anyone underpaid? There's a reason why they get all those money freud.

montoya.. severly underpaid.

halfie and TFG.....severly overpaid!!

Red · 31 May 2002, 16:50 (Ref:301742)

Surely Luca or Frank must be crazy when they could get some other drivers for free. (Also Pablo must be completely out of his minds since he could easily find a better paid job)

Inigo Montoya · 31 May 2002, 17:56 (Ref:301778)

What a bargain Montoya and Fisichella are at their current salaries!

Most overpaid: Villeneuve (laughable given he has trouble beating Panis) Barichello (A paid slave- what a contradiction!).

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