The latter was promoted to Mercedes for a single race after Lewis Hamilton tested positive for COVID-19. He also notched his first career win, at the British Grand Prix in July. Fittipaldi almost landed a racing seat this year after Nikita Mazepins contract was terminated by Haas just two weeks before the first race because of Russias invasion of Ukraine. Perez faced the prospect of a year outside F1 after being dumped by Racing Point in favour of Vettel, but was picked up by Red Bull to replace Albon. This is likely due to him struggling to impress his Red Bull bosses, with Tsunoda only occasionally performing at the level expected of him at AlphaTauri. Ricciardo was signed with McLaren through 2023, but the team terminated his contract in August, leaving him without a ride heading into the offseason. Reserve drivers in F1, also known as test drivers, are the third drivers in Formula 1 teams and they often take part in testing and do most of the simulator work. Fellow rookie Oscar Piastri has managed to secure a $2 million salary, but comes into F1 off the back of a contract war between Alpine and McLaren, as well as securing the 2021 Formula 2 title. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. While we have no doubt the base salaries of F1 drivers could more than enough for some to live for a lifetime, they only paint part of the picture. In all, Formula 1s ten highest-paid drivers are collecting an estimated $264 million, a 25% increase from 2021s projections, which were generated during the season. Verstappen is F1s highest-paid driver for 2022 with a pretax total of $60 million from his salary and bonuses, according to Forbes estimates. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". According to RacingNews365.com, these are the earnings for each Formula 1 driver in 2023. You learn from watching the drivers but also talking to them. Estimated Alfa Romeo AlphaTauri Alpine Aston Martin Ferrari Haas McLaren Mercedes Red Bull Racing You want to get into the car at the beginning of the season and do every race, not just one race. This cookie is set by GDPR Cookie Consent plugin. He hasnt won a race since 2019 but leaves the sport with 53 career victories, the third-best mark in history, after Lewis Hamilton (103) and Michael Schumacher (91). So in a recent interview with Matthew Carter, former Lotus team boss and generally well connected and commercially astute guy, he suggested that reserve drivers would expect to pay/bring mid single digit millions to be the reserve driver. The 24-year-old was linked with a return to Red Bull to replace Alex Albon for 2021 but committed his future to AlphaTauri. Thank you for your cooperation and enjoy the discussion! Equity release is one option retirees looking to boost their retirement incomes might consider. Alexander Albon climbing out of his Williams car during practice for the Hungarian Grand Prix in July. You also have the option to opt-out of these cookies. The information does not usually directly identify you, but it can give you a more personalised web experience. Browse our online application for MLB, NBA, NFL, NHL, EPL, or MLS player contracts, salaries, transactions, and more. Motorsport Tickets works directly with host circuits as an independent, authorised supplier of event tickets It let me take my talent to a higher level by seeing them in a different way that I couldnt see them when racing. You do come into a weekend a bit on the back foot as the others know their cars and are connected with it, you dont know the car well, you dont know the tires well, you have less knowledge and experience, he said. Find the full driver/team breakdown below: About Us Contact Us Privacy Policy Change Consent https://www.nytimes.com/2022/09/08/sports/autoracing/f1-reserve-drivers.html. Lotus position with reserve drivers has been changed and they now support a driver development programme, a path Grosjean took to his race seat. He did 12,000 km in it last season. As others said it depends on the individual deal. Not all Formula One drivers are compensated equally, with salaries ranging from about $1 million to an impressive $55 million. F1 reserve drivers do get paid. out of it, it was a good push for myself. The cookies is used to store the user consent for the cookies in the category "Necessary". The reserve drivers are usually the stand-ins for the full-time drivers if they are unable to race in any particular event with a Super License required to take part in F1 races. That helped him finish above his legendary teammate Lewis Hamilton in the season-long standings, at No. Robert Kubica is a well-known and well-respected person in Formula One world. Schumacher the highest-ranking non-American on the list ranked 5th with all-time earnings of an eye-watering $1bn. There is extra scrutiny placed on Lance Stroll because his billionaire father Lawrence owns the Aston Martin formerly Racing Point team. With five consecutive titles and a record-setting seven championships, the German completely dominated the sport in the early 2000s. Theyre specially trained to jump into the car at short notice and participate in the race if needed. Romain Grosjean was a one-time understudy to Alonso and then teammate Nelson Piquet Jr at the team that Benetton spawned into, Renault, and made the step up into a race seat following Piquets acrimonious exit from the team in 2009. Most notably, Nico Hulkenberg stood in for both Racing Point racers when they came back positive for COVID-19 in 2020, and he returned to Bahrain each year to replace Sebastian Vettel at Aston Martin. There are only 20 full-time race seats. In 2020, for example, Ralf Schumacher said that Niko Hulkenberg was paid 300-500K Euros for the Eifel GP so if true its a really good deal for one race. Daniel Ricciardo enters the offseason without a ride for 2023. What Are F1 Reserve Drivers Waiting For? Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. Vettel, a four-time series champion, is retiring after 16 years in Formula 1. The Red Bull star will once again be charged with taking the fight to Mercedes after finishing best of the rest last season. Lewis Hamilton has indicated he expects to sign a new multi-year deal with Mercedes. Source: 2023 Formula 1 salaries were collected from RacingNews365. This means teams are free to pay their star drivers as much as they can afford with no limits. Nyck de Vries joins Vandoorne as the other test driver for Mercedes. Pietro Fittipaldi during qualifying in 2020 in Abu Dhabi, where he raced for Haas in place of Romain Grosjean. The son of legendary driver Michael Schumacher, Mick proved his quality by winning the F2 championship last year. To find out more, visit www.raceofchampions.com. Heres the official schedule of races for the upcoming season, with qualifying events happening the day before each. Whenever he decides to walk away, he will have plenty to keep him busy. But the role of reserve driver can act as a stepping stone to world domination. But how much do F1 drivers really earn? Nico Hlkenberg started 177 races in Formula 1, but lost his Renault seat after 2019. He was very driven by lap time. Forbes does not deduct for taxes or agents fees. If something happens to Nico or Lewis Ill be in the race car. There, he learned from a trio of world champions in Nigel Mansell, Alain Prost and Ayrton Senna, before making the jump to a race seat following the Brazilians fatal crash at the San Marino Grand Prix. This website is not directly or indirectly affiliated, associated, or connected in any way to Major League Baseball, the National Basketball Association, the National Football League or the National Hockey League. If not, be sure to look for the Daily Discussion, r/formula1's daily open question thread which is perfect for asking any and all questions about this sport. The grandson of two-time F1 champion Emerson will continue in his reserve role for 2022. There are only 20 full-time race seats. They do not store directly personal information, but are based on uniquely identifying your browser and internet device. For Grosjean, who is now firmly established as a driver with the team in its new guise of Lotus, there were difficulties in the role. F1 in Las Vegas:Formula 1 granted access to hold Las Vegas Grand Prix on iconic Strip through 2032. Lewis Hamilton signed new financially improved 2-year contract with Mercedes making him the highest paid F1 driver of all-times in 40million a year ($54m USD) contract which runs till end of 2023 season. Hamilton, who has been the series top-earning driver in Forbes athlete rankings every year since 2013, sinks to second with an estimated $55 million. He brings plenty of sponsorship cash but is estimated to earn the same as team-mate George Russell. You just soak absolutely everything up, said Coulthard, who said it was important for reserves to act like a sponge. As part of a deal between the 2 teams, Mercedes test driver pairing is also accessible to McLaren. Stoffel is well-known in the Dutch racing scene since the two are presently partners for the all-Formula E championship for Mercedes. As the teams reserve, Fittipaldi was an option, but Haas re-signed the veteran driver Kevin Magnussen. Its no secret that Formula 1 is a money-spinning sport. With 99 F1 starts to his name, he looked to have a long and successful career ahead of him before his 2011 Rallying accident. Since the pandemic, reserve drivers have been called upon A LOT. In 2021, a new cost cap concept was introduced to Formula 1. There will, at least, be one 2022 reserve driver on Formula 1s 2023 grid. This figure reduced to $140 in 2022, and will decrease further to $135m in 2023. A race seat on a Formula One team is a prized possession in the sport Learning on the job: F1 reserve drivers try to tap into the brains of their team's grand prix racers in case they have to step into their shoes. Analytical cookies are used to understand how visitors interact with the website. Its much easier to attend this position when you are a young driver because everything is attractive and it is nice, he said. Haas took a punt on Nikita Mazepin, the son of a Russian billionaire, after deciding to ditch Romain Grosjean and Kevin Magnussen. Necessary cookies are absolutely essential for the website to function properly. He is followed by Max Verstappen with $25 million and Fernando Alonso with $20 million. Aitken will continue in this role for the 2022 season. When Williams reserve driver Jack Aitken took over for George Russell in the 2020 Sakhir Grand Prix. Lewis Hamilton is up next, with the seven-time World Champion aiming to wrest away the title from Verstappen and claim a record-breaking eighth world title. Your effort and contribution in providing this feedback is much 2021 could be challenging with four-time world champion Sebastian Vettel replacing Sergio Perez as his team-mate. Vandoorne, who is now racing in Formula E for Mercedes, has always been the constructors winners official test driver since 2020. I think a stint as a reserve driver is very important. Replacement for a COVID-positive Sebastian Vettel in Bahrain this campaign. The 2023 Formula 1 season promises to be the most popular to date get your F1 tickets before theyre gone! Carlos Sainz Jr is estimated to have bagged to a pay boost from the 3.5m he earned driving for his former team. The target this year is to learn everything: procedures, all they say about the car and getting confident with everyone within the team. Did you encounter any technical issues? This cookie is set by GDPR Cookie Consent plugin. A fifth-place finish in Formula 2 suggests the 2021 season could be a steep learning curve for the 21-year-old. Sept. 8, 2022. Amongst F1s lowest-paid drivers in 2023 are the rookie drivers: Logan Sargeant and Nyck de Vries are expected to bring home around $1 million each. The 2022 season was also supposed to have 23 races, but the cancellation of the Russian Grand Prix left the season with 22 races, the same as the 2021 season, according to Goodwood Road & Racing. F1 driver salaries: how much Formula 1 drivers earn in 2022, Formula 1 records: Most wins, pole positions and world championships, Youngest F1 drivers: race winners, world champions, point scorers and more, F1 Sprint Races: how the qualifying format will work in 2022, 2023 Motorsport Tickets. He formerly raced with Alfa Romeo, but his full-time seat was taken away at the end of both the 2021 Formula One season. And then there was Senna, who was a mix of them all - he could deliver the speed, he could get out there and do the hard work. Its Yuki Tsunoda who perhaps stands out the most towards the bottom of the earnings table the Japanese driver remains on a rookie-level salary despite entering his third year in the sport. In this article, well explore how much we think Formula 1 drivers make, how they make their money, and who the richest drivers in history are. Max Verstappen, Lewis Hamilton and Fernando Alonso. The super-sub was required to enter a Racing Point on three separate occasions in 2020. How much F1 drivers earn is a complicated question to answer. He is now Aston Martins reserve, and he has raced in five Grands Prix for the team. Kubica, who now races in the World Endurance Championship, also retains his Formula 1 connection. Claire Williams. Alexander Albon was demoted to reserve by Red Bull for 2021, but he returned for 2022, at Williams. Wehrlein said Hamilton and Rosberg had both offered him advice ahead of his first official duties for Mercedes testing in Abu Dhabi at the end of the 2014 season. Last years Formula 2 champion, Oscar Piastri, has spent this season as Alpines reserve, but is poised to make his race debut with McLaren in March. Mansell was a lot more detailed with his set-up than people gave him credit for, said Coulthard. After wowing as Lewis Hamilton's stand-in for the Sakhir Grand Prix, Russell has been heavily linked with a permanent drive for Mercedes amid doubts over the seven-time world champion's future. In the reserve driver role its more about life experience, business decisions, being tuned in and learning to be a bit more worldly.. Reserve Drivers, to give them their official titles, are kept on speed dial or often at the circuit during a race weekend. Alonso was set to get his first test session with his new team in Abu Dhabi after Sundays season finale. This deal is expected to be in effect until 2022. After Lewis Hamilton tested positive for COVID-19, this was transferred to Mercedes for a single race. They may be used by those companies to build a profile of your interests and show you relevant adverts on other sites. He is signed through 2026, and Ferrari chairman John Elkann has publicly said the team should be able to capture a title by then, but Leclerc seems to have a shorter time frame in mind. Paul di Resta was confirmed as a third reserve driver last year, in case both Stoffel and Nyck were occupied during a Formula E race weekend. Just a few doors down is Mick Schumacher, who has stepped up to the role for the 2022 F1 season. BBGP, which monitors F1's finances and business deals, has put together a full list of drivers salaries for 2020. Alpines Fernando Alonso, the last driver to finish above Hamilton on the earnings leaderboard, comes in at No. I am a bot, and this action was performed automatically. Brand deals, corporate appearances, investments and merchandise can all contribute. For the time being, he serves as the teams official Test Driver and a backup option for McLaren. So while Verstappen is finally in the earnings driver seat, this is no time to take his foot off the gas. We also use third-party cookies that help us analyze and understand how you use this website. For now, driver salaries are not included in the Formula 1 budget cap, meaning teams can spend as much as they like in order to attract the best drivers in the world. Hes the founder of an off-road-racing team called X44 in the Extreme E series, he has a small stake in the NFLs Denver Broncos, and he recently launched a film and TV production company called Dawn Apollo Films. Since 2017, Formula One has had 10 teams competing with two drivers each, for a total of 20 drivers. With the F1 season underway, questions have been asked about who teams have on standby if one of their full-time drivers becomes unwell. I am very impatient, he recently told Motorsport.com. Some salaries are estimates, based on a variety of sources, but we will update this piece once fresh information is confirmed surrounding each driver's annual pay packet. In 2017, Forbes published a list of all-time highest paid sportspeople. Let us know in the comments. Norris took a step forward in 2021, claiming his first pole as well as four podium finishes, and McLaren rewarded him with a contract extension through 2025. but the salary for a reserve driver is not usually disclosed by the team however they may also have their own sponsors that they bring to the team, and these sponsors often also pay the drivers for doing any kind of PR work or attending sponsor events. Verstappen is F1s highest-paid driver for 2022 with a pretax total of $60 million from his salary and bonuses, according to Forbes estimates. He was drafted as a substitute for Felipe Massa during the 2017 Hungarian Grand Prix weekend but has not raced in F1 since. Press J to jump to the feed. His contract runs through next season, and he indicated this fall that he expects to sign a new multi-year deal with Mercedes, tamping down speculation that he might retire. Liam Lawson is a Red Bull Racing Test Driver and AlphaTauris test driver. Lewis Hamilton is the highest-paid driver in Formula One for 2022. Part of the Red Bull programme, the Japanese driver impressed on his way to third in F2 last season. new users, GP attendees, just yourself), be able to generate discussion (e.g. I was back a few times, got a lot of P.R. The 21-year-old is tipped for the top but faces a difficult first season in F1 with Haas, who endured a wretched 2020. There was not even a simulator at Enstone [the teams headquarters]. One of the hottest prospects in the field, the Ferrari star earned a respectable eighth-place finish in 2020 despite driving a sub-par Ferrari car.