F1 Supremo Bernie Ecclestone is looking reform a new prize money system more focused on performance and would no longer feature bonus payments.
Mercedes earned an extra bonus by meeting an agreed target of winning two world championship, and Ecclestone sees that as an example of a top team earning extra funds on merit.
Under the new prize money structure , Bernie wants to scrap the bonuses paid to the likes of Ferrari, for being the sport’s most historical team, and Red Bull, McLaren, Mercedes and Williams, who are also paid bonuses just for being in the sport.
“It would really be the same sort of system because when they came in, they were on a basic, basic salary. Because they committed to stay to 2020, and we knew – if they committed, they would stay. Ecclestone told reporters at the Red Bull Ring.
“So we said if you do what Red Bull did, win a championship, you’re going to get extra. If you win two… And I said to our board, ‘They’re never going to win a championship, let alone two.’
“So they screwed me and won two championships.”
About the potential future advantages for the smaller teams of a new system, Ecclestone said: “At the moment they have no chance of getting this money that we’re talking about. They don’t have any chance.
“But we’re going to make sure they’re in a position where they do, if they perform. Then they’ll be in the same position as everybody else.
“I think they’ll be happy with this new idea, because they’ve been unhappy with it how it is now. So they must be happier in the future.”