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2016 F1

F1 2016 drivers salaries and bonuses revealed

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F1 2016 drivers salaries and bonuses revealed

F1 2016 drivers salaries and bonuses revealed

Ferrari’s Sebastian Vettel on top – the Four-time world champion is the highest paid F1 driver going into the 2016 F1 season with 3 year deal. He is also one of the top paid sportsman in the world.

McLaren’s Fernando Alonso is getting salary of $40 million annually including bonus and sponsors earnings.

Defending world champions Lewis Hamilton is getting salary of $31 million and up to $10 million in bonuses; in fact he is the second highest paid driver behind Vettel in 2016. Lewis is currently the richest United Kingdom sportsman in the with wealth of (£88 million).

We collect the data from various sources, one thing is there have been not many changes in team line-ups, but few teams renew the contract and Haas F1 the only team made brand new selection for 2016 F1, below added the driver’s deal on 2016 line-up.

F1 Drivers Salaries 2016 – Contract Details

PosDriverTeamYearly SalaryDeal
1Sebastian Vettel Ferrari$50 million (£33.4m) guaranteed in first year, Basic $30m a year plus bonuses afterwards 3 Years Deal (2015-17)
2Fernando AlonsoMcLarenMax $40 million a year including all bonuses 2 Year Deal (2015-17)
3Lewis HamiltonMercedes$31 million a year (£20.9m) basic salary plus performance bonuses upto $10m a yearnew 3 year deal
4Kimi RaikonenFerrari$28 Million1 year extension for 2016
5Nico RosbergMercedes$15.5 Million3 Year Deal (2015-17)
6Jenson ButtonMcLaren$13 Million 1 year extension for 2016
7Felipe MassaWilliams$5 million a year1 year extension for 2016
8Nico HulkenbergForce India$5 million a year2 year extension till 2017
9Romain GrosjeanHaas F1$4.5 million a year salary plus bonuses1 Year Deal
10Daniel RicciardoRed Bull$4 million a year 2016 is last year on current contract
11Valtteri BottasWilliams$2.5 million a year 1 Year Deal
12Esteban Gutiérrez Haas F1$2 million1 Year Deal
13Sergio PerezForce India$2 MillionMulti-year deal
14Pastor MaldonadoRenault F1 Team$1.5 Million1 Year Deal
15Jolyon PalmerRenault F1 Team$900,0001 Year Deal
16Daniil KvyatRed Bull Racing$850,000unspecified
17Carlos Sainz, Jr Toro Rosso$650,000Multi-year contract
18Max VerstappenToro Rosso$650,000Multi-year contract
19Felipe NasrSauber$450,0001 Year Deal
20Marcus EricssonSauber$450,0001 Year Deal

F1 teams spend on drivers in 2015:

1. Ferrari $50.15m
2. McLaren-Honda $49.06m
3. Mercedes $41.97.5m
4. Force India $8.72m
= Lotus F1 team $8.72m
6. Williams $6.54m
7. Red Bull Racing $2.45m
8. Scuderia Toro Rosso $545,110
9. Sauber $436,088
10. Manor $218,044

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