Daniel Ricciardo will not be a full-time F1 driver in the 2023 season, but he will still be able to count on one of the highest salaries in the industry. How is that even possible? The Australian’s payroll will consist of two teams.
Press kit / Red Bull / Pictured: Daniel Ricciardo (left) and Christian Horner
Daniel Ricciardo had a valid contract with McLaren for the 2023 season, but poor Australian results meant the Woking-based team sought to end their collaboration with the experienced driver prematurely. Talks to that effect began at the start of this year’s campaign and ended with an agreement in August.
Under the settled settlement, McLaren agreed to pay Ricciardo the full salary promised under contract for the 2023 season. Even then, the Briton knew it would be difficult for the 33-year-old to secure a place in F1 and this form of compensation was meant to He convinces him to sign the document.
As a result, although Ricciardo will not be linked with McLaren in 2023, he will receive a transfer from the British stable worth around €21m. In addition, the Australian became a reserve driver for the Red Bull Racing team. The results of the “Business Book GP” show that the Milton Keynes team will pay Ricciardo around 2 million euros for visiting several races, working on the simulator and acting as an ambassador.
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The driver from Australia will earn up to €23m in the 2023 season – the biggest earner of his career. Ricciardo’s previous record contracts with Renault or McLaren amounted to around 20 million euros a year. Business Book GP’s editors note that as a reserve driver the 33-year-old will also have more freedom to enter into sponsorship agreements with third companies. This could guarantee him a few million dollars.
There is already speculation in the F1 circuit that Ricciardo could become a TV expert in 2023. The editors of Britain’s Sky Sports and ESPN America are expressing interest in a collaboration with the Red Bull reserve team.
Interestingly, Ricciardo had the opportunity to race regularly in Formula 1 in the 2023 season, because he was on the radar of Haas and Williams. The Australian decided that signing a contract with one of the worst teams on the field could spoil his career. That’s why he decided it would be best to take a year off from Formula 1 and try to get back on the grid in 2024 with a more competitive team.
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