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2013 Formula One Driver Salaries

It’s the time of year once again where the guestimates and educated guesses are made by the Spanish newspaper El Mundo Deportivo from information compiled by Business Book GP.

Topping the 2013 list is Alonso holding steady at 30 million dollars, and he is joined by McLaren refugee and Mercedes new boy, Lewis Hamilton also said to be earning 30 million this year, up from 24 million in 2012. Button is holding on as the leading driver at McLaren a 24 million, while new boy there, Perez is up 1.25 million from 2012 to 2 million for 2013, which is a nice increase for him, but at the same time is saving McLaren some 22 million dollars after the departure of Hamilton.

In 2012 Vettel and Webber had parity at Red Bull at 15 million dollars each, but this year Vettel is enjoying a 3 million increase to 18 million, while Webber remains on 15 million. Over at Mercedes the spending has increased significantly with the arrival of Hamilton, but Rosberg too is showing an increase over 2012, but only 1 million to 16 million, up from 15 million in 2012.

Hulkenberg moved from Force India across to Sauber for 2013, and that move doubled his salary from 750,000 in 2012 to 1.5 million for 2013. Maldonardo, staying on for another year at Williams gets an increase, up to 1.5 million, up from 600,000 in 2012. Another doubling his 2012 salary is di Resta, staying on at Force India, earning 600,000 for 2013, up from 200,000 in 2012.

As well as those above who all increased their earnings for 2013, a couple of drivers are said to have had salary cuts. Massa has apparently taken a 6 million dollar per year cut, all the way down to 9 million for 2013, down form 15 million in 2012. Raikkonen is also said to be taking a cut, down 2 million from 7 million to 5 million. Of course both of these drivers may have taken a upfront salary cut, but in reality it probably means that they have re-negotiated and are probably looking at increased bonuses for each World Championship point scored, so if they perform they may not be looking at an overall cut.

Looking at the 2013 team spending on drivers, the 800 pound gorilla this year is Mercedes, spending a whopping 47.5 million on their lineup of Hamiltona and Rosberg.  Ferrari has reduced their spend a little, coming in at 40 million, with Red Bull coming in third at a relatively economical 33 million considering they are the reigning constructors and driver World Champions. Although McLaren Mercedes has reduced it’s spend significantly after losing Hamilton, it is still spending 27 million on drivers this year.

After those 4 teams, the spend on drivers drops off significantly, with Lotus spending only 6 million, Williams 2.5 million and the rest are all spending less then 2 million, with Caterham spending the least of all at 450,000.

Formula One Driver Salaries for 2013

How much does each F1 driver earn?, and How much does each team spend on drivers?

 

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