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A pay driver is a driver for a professional auto racing team who, instead of being paid by the owner of their car, drives for free and brings with them either personal sponsorship or personal or family funding to finance the team's operations.
The highest-paid driver in 2021 is Lewis Hamilton, who received $55 million in salary from Mercedes AMG Petronas F1 – a record for any driver. [226] The very top Formula One drivers get paid more than IndyCar or NASCAR drivers; however, the earnings immediately fall off after the top three F1 drivers, and the majority of NASCAR racers will ...
The team also declined to use so-called "pay drivers". [12] On November 21, 2009, Argentine driver José María López announced that he had a conditional deal with the US F1 team to drive in the 2010 season, providing he secured an $8 million sponsorship package. [ 13 ]
Reports say F1 driver salaries range from $1 million to Max Verstappen's $45 million base with $25 million in potential bonuses. Lewis Hamilton, who reportedly makes $45 million-$55 million with ...
[12] 2009 Formula 1 World Driver's Champion Jenson Button objected, and expressed his position that all current F1 drivers should pay the same flat fee for their super licences: Personally I don't feel that we should be paying different super licence fees for different drivers and different point situations.
It quickly evolved from simple road races from one town to the next, to endurance tests for car and driver. Innovation and the drive of competition soon saw speeds exceeding 100 miles per hour (160 km/h), but because early races took place on open roads, accidents occurred frequently, resulting in deaths both of drivers and of spectators. [1]
The Grand Prix Drivers' Association (GPDA) is the trade union of Formula One drivers.Founded in 1961 and refounded in 1994, it has organised several drivers' strikes and boycotts over the years, primarily in response to unsafe circuits on the F1 calendar and other driver safety issues.
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