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Reuters

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Reuters

The introduction of salary caps in F1 has been a talking point for some time now. Particularly so when Lewis Hamilton, who reportedly ranks the highest in terms of wages, is also involved in the conversation.

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Franz Tost, the AlphaTauri team principal, has in the past shared his views on the salary cap topic. He believes that there must be something like a $10 million limit, with the drivers needing to be “happy” at being able to drive the F1 cars. (translated via Google Translate)

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When the same opinion got relayed to Hamilton in the pre-race press conference, Hamilton had a very interesting response. Funnily enough, he had briefly forgotten who Mr. Tost was!

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Lewis Hamilton asked the press conference moderator who Franz Tost was

When asked, Hamilton responded, “Who said that?” Ater the moderator said, “Franz Tost,” Hamilton again asked, “Who’s that?”

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The former then told him that Mr. Tost was the team principal of the AlphaTauri F1 team.

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One can only wonder what Tost’s reaction would be to this incident.

On a much more serious note, Tost in his earlier interview had made some good points with regards to the salary cap.

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With increasing costs in F1 as a whole, reducing the wage bill becomes an important component for the team. It would be one step towards ensuring the sustainability of Formula 1 as a business, especially in such difficult and unprecedented times.

Hamilton had a slightly different opinion on the salary cap

The Briton continued and said, “I think currently the salary cap is supposed to be implemented, probably, when I am not even here. I do think that the drivers here are naturally the stars of the sport. They’re the ones that are seen, they’re the ones that bring their brands.”

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“I’m not personally opposed to it, it’s not my decision at the end of the day. But I do think about the next up and coming young stars that are coming through. And I don’t particularly see why they should be handicapped.

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It is a multibillion-dollar sport and they should be rewarded for what they do bring to it.” concluded Hamilton.

All F1 teams have agreed to a provisional salary cap of a combined $30 million across both drivers in order to cut costs. It will, however, interest to see when and how this will come into implementation in the forthcoming future.

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Bhargav Gopal

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Hailing from Bengaluru, Bhargav is a Marketing and Ops Executive at EssentiallySports. A former F1 and NASCAR author, he is a huge fan of Max Verstappen and Red Bull Racing. Bhargav also has an MBA in Sports Management from the Symbiosis School of Sports Sciences, Pune. He is quite a genius in his field, having won the All-India Marketing Case Study Competition conducted by SRCC in 2015. Bhargav also loves to combine his love for marketing and sports by taking part in competitions like Knockout: Sports Marketing Case Study by IIM Ahmedabad. When not engrossed in sports, he likes to play the keyboard and watch some of his favorite sitcoms.

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