Any proposed cap on the salaries of System One drivers must be cautious to not maintain again the game’s prime expertise, newly topped seven-times champion Lewis Hamilton stated on Thursday.
System One has been discussing a cap on driver salaries as a part of a wider effort to degree the monetary enjoying discipline between the wealthiest and poorest groups on the grid.
“I am not personally against it,” the Briton, who equalled Michael Schumacher’s document haul of seven titles on the final race in Turkey, instructed reporters in a video convention name on the Bahrain Grand Prix.
“I do take into consideration the following up and coming younger stars which are coming by way of and I do not significantly see why they need to be handicapped in the event that they’re bringing one thing big to the game.”
The game has already agreed a $145 million cap on groups’ total budgets for subsequent yr which is ready to scale back additional to $140 million in 2022.
The wage cap, nevertheless, shouldn’t be part of these measures and remains to be a way away, with a proposal calling for it to be applied in 2023 put earlier than the System One Fee in October.
“If you happen to have a look at different sports activities, there have been wage caps in a few of these sports activities… I believe the one distinction is that these locations the people personal their picture in lots of areas, they’ll attempt to maximise their picture elsewhere,” stated Hamilton.
“This sport controls just about the motive force’s picture,” added the 35-year-old, who earns an estimated 40 million kilos ($53.40 million) a yr and is in negotiations over an extension to his Mercedes contract which is ready to run out on the finish of this yr.
The drivers had been the celebs of the game and System One wanted to recognise that, stated Hamilton, who having surpassed Schumacher’s tally of race wins, podiums and pole positions is now essentially the most profitable driver within the sport’s historical past.
“It’s a multi-billion greenback sport and they need to be rewarded for what they do carry to it,” he added.