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Ryan
1st Jan 2008, 04:23 AM
Honda F1 CEO Nick Fry and new team boss Ross Brawn have proposed the FIA limit the amount that a team can spend throughout the year.

"We support a lot of the proposals on the aero restrictions, but the fear is that that money will merely be diverted elsewhere. It will go to driver salaries or engineer salaries, or some other part of the car, but will not necessarily reduce the total bill that a team has to pay.


"So rather than chasing our tails, we think we should be considering an overall budget cap. Although it will be difficult to monitor, we think it can be achieved."
Brawn agrees with Fry that keeping tabs on how much each team spends so that one doesn't gain an advantage over another is going to be tricky, he is intrigued by the challenge.
"How fast can you make this car go for 100 million a year? How efficient can you be? And it's up to the teams to decide whether they spend 50 million on the driver and 50 million on the car; or one million on the driver and 99 million on the car. It would be fascinating to have that challenge."
I've been saying that F1 should adopt something like this for years. Bring back all the development on the cars, engines, tires, as much testing as the team is willing to pay for, and so on, just that each team can only spend up to a certain amount.

Most professional North American sports have one, NBA, NFL, CFL, and NHL. Baseball being the one major exception. It seems to do a good job at giving each team a chance, but ultimately the teams that manage themselves best (ie drafting, trading, coaching) succeed.

Radar
1st Jan 2008, 04:58 AM
I agree in principal that salary caps should be part of the sport. I just don't see how they can make sure teams go under the cap. The other problem would be what sort of punishment would teams get if they are over.

There has been enough contoversy over penalties handed down in formula 1 this year for the spygate scandal and I don't want to see anything like this happen again in the near future.

JoStream
1st Jan 2008, 04:07 PM
It makes a lot of sense, and as you said, encourages better use of available resources. But it will not only be difficult to implement, but particularly hard to monitor. As for the punishment, it seems logical to say that whatever amount you are over, say 20 million, is subtracted from your budget for next season. And if you violate it again, you are disqualified from the series.

You have firms like McLaren which has at least a handful of subsidiary companies that probably do some work for the McLaren F1 team :wonder:

CWBeattie
2nd Jan 2008, 07:43 PM
I don't think their should be a cap, Formula 1 is a test bed for new ideas and should remain that way, if you can get the financial support to exploit an advantage, you should be able to! Money doesn't win races, (Toyota, Honda, & Ford / Jaguar are examples of that), however innovative thinking does, McLaren's ceramic pistons, Renaults mass damper system, traction control before it became mainstream! There is too much regulation in F1 lately, most the teams have spent small fortunes to build wind tunnels, only to be told they aren't allowed to use them (much), doesn't make sense to me

EIR Loe.307
2nd Jan 2008, 10:12 PM
Ya, but at the same time if you're trying to cut the cost of F1 a cap is ideal. I personally disagree with the cost cutting as a whole. I'd like to see the V-10 with maybe and Ethanol mix, and some other new tech, while eliminating TC and some of the driver aides. If they would quit screwing around with the engine size every couple years they would spend less in development. They need to stabilize the rules for a few years and let the teams settle in.

(V-10 solution: Cut the revs, up the required races, restrict airflow. The Torro Rosso team showed that that setup could do several races on a single engine cost to the team $10/car)

Harakimi
2nd Jan 2008, 11:25 PM
I don't like the idea and I hope it's never going to be like that in F1.

Ryan
18th Jan 2008, 12:50 PM
FIA has confirmed there will be a salary cap in F1 in 2009.

The size of the budget and what falls in it has yet to be determined.

Harakimi
18th Jan 2008, 12:54 PM
FIA has confirmed there will be a salary cap in F1 in 2009.

The size of the budget and what falls in it has yet to be determined.

Salary cap or budget cap? :)

Ryan
18th Jan 2008, 01:01 PM
Salary cap or budget cap? :)

Sorry budget cap. I was thinking the same thing, I'm just used to saying salary cap.

Radar
19th Jan 2008, 05:53 AM
This could get messy. If the budget cap is too low, the top teams would be forced to lower themselves to the level of the bottom teams and if it too high the smaller teams will still struggle like they do now to be able to compete with the top teams.

EIR Loe.307
19th Jan 2008, 06:01 AM
Isn't a $100m fine against the idea of lowering the cost of F1? :lol: