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Driver salaries 2002

Started by GT Racing Online Magazine , Feb 27 2002 15:02

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36 replies to this topic

#1 GT Racing Online Magazine

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Posted 27 February 2002 - 15:02

This estimation (crude as always I expect) has been published today by various Finnish newspapers

Michael Schumacher Ferrari 39 000 000 €
Jacques Villeneuve BAR 18 600 000 €
Eddie Irvine Jaguar 8 600 000 €
Ralf Schumacher Williams 7 600 000 €
David Coulthard McLaren 6 500 000 €
Mika Salo Toyota 4 300 000 €
Juan Pablo Montoya Williams 4 300 000 €
Giancarlo Fisichella Jordan 4 300 000 €
Jarno Trulli Renault 4 300 000 €
Rubens Barrichello Ferrari 4 300 000 €
Kimi Räikkönen McLaren 3 800 000 €
Olivier Panis BAR 3 250 000 €
Jenson Button Renault 2 750 000 €
Nick Heidfeld Sauber 2 200 000 €
Heinz-Harald Frentzen Arrows 1 650 000 €
Pedro De La Rosa Jaguar 1 650 000 €
Allan McNish Toyota 1 150 000 €
Felipe Massa Sauber 540 000 €
Takuma Sato Jordan 540 000 €
Alex Yoong Minardi 540 000 €
Enrique Bernoldi Arrows 540 000 €
Mark Webber Minardi 540 000 €

---
Salo gets more or less the same salary as Montoya? I certainly hope not!

#2 GT Racing Online Magazine

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Posted 27 February 2002 - 15:03

The figures are in euros btw.

#3 Gemini

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Posted 27 February 2002 - 15:09

Eddie Irvine Jaguar 8 600 000 €

This seems low, it was reported number of times that he is getting 12 mln USD per year. This also the number that I believee I read just two days ago in British Airways in flight magazine, in cover story related to F1.

#4 maclaren

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Posted 27 February 2002 - 15:14

Originally posted by GT Racing Online Magazine
Felipe Massa Sauber 540 000 ?
Takuma Sato Jordan 540 000 ?
Alex Yoong Minardi 540 000 ?
Enrique Bernoldi Arrows 540 000 ?
Mark Webber Minardi 540 000 ?

Maybe we should believe numbers like this :lol:

#5 WillieF1

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Posted 27 February 2002 - 15:18

Eddie & JV - What bargains!

#6 MrAerodynamicist

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Posted 27 February 2002 - 15:30

McNish could certainly prove to be a bargin (and win the race for the largest pay increase next season

)

#7 madmac

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Posted 27 February 2002 - 15:37

Originally posted by WillieF1
Eddie & JV - What bargains!

#8 Julius

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Posted 27 February 2002 - 15:45

All right! Kimi's makin' some good bucks!

#9 Ivan

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Posted 27 February 2002 - 15:47

Originally posted by Gemini
This seems low, it was reported number of times that he is getting 12 mln USD per year. This also the number that I believee I read just two days ago in British Airways in flight magazine, in cover story related to F1.

What does that convert to? How much is a Euro worth on the dollar (US)?

#10 Paesan

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Posted 27 February 2002 - 15:56

Euro is 83 cents.

Now I know why JV is still at BAR.

#11 Gemini

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Posted 27 February 2002 - 15:58

Originally posted by Ivan

What does that convert to? How much is a Euro worth on the dollar (US)?

1 USD = 1,1512 Euro

#12 Alapan

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Posted 27 February 2002 - 16:02

Rubens Barrichello Ferrari 4 300 000 €

No wonder RB does not project a happy face at Ferrari so often. He is "equal" with MS but certainly not in salary.

#13 Coupe

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Posted 27 February 2002 - 16:02

1 USD equals 1.15 EUR aprox

#14 Mrv

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Posted 27 February 2002 - 16:18

The only bargain I see is Montoya. Frank does it again. Can he keep him? I doubt it.

#15 BARnone

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Posted 27 February 2002 - 16:24

Does Coulthard have a bonus scheme at McLarens - extra money for wins?

BARnone.

#16 Lateralus42

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Posted 27 February 2002 - 16:27

I really dont think Massa or Yoong are making that much money. According to a F1 magazine I just read, Kimi was only making $70k last year. Why would Sauber pay Massa much more than Kimi?

#17 effone2k

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Posted 27 February 2002 - 16:44

Originally posted by BARnone
Does Coulthard have a bonus scheme at McLarens - extra money for wins?

BARnone.

Supposedly McLaren pays their drivers a flat rate plus bonus $$ based on points and wins. Rumor has it that this was part of the reason that MH took a sabbatical this year. He and RD could not agree on a salary after his lackluster 2001 season!!!!!!!!!!!!!

#18 Locai

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Posted 27 February 2002 - 16:58

These must be total income figures, not just what the team is paying the driver. There are several drivers who got rides because they brought sponsorship with them (in effect the driver "paid" the team).

If this was strictly what the team paid the driver then the "pay" drivers should show a negative income.

#19 DEVO

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Posted 27 February 2002 - 17:24

GT,

I'm not a number!;)

#20 AD

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Posted 27 February 2002 - 18:06

The figure for Ralf seems very low

#21 GT Racing Online Magazine

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Posted 27 February 2002 - 18:07

I'm not a number!

I'm a free man... who doesn't earn nearly as much as that tosser Yoong!! I'd trade freedom for 5 million quid any day.

#22 Ricardo F1

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Posted 27 February 2002 - 20:11

Jaguar sure know the meaning of throwing good money after bad (EI) . . . though I'd say if any of that is right then Pedro De La Rosa is the best bargain going . . .

#23 DEVO

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Posted 27 February 2002 - 20:17

GT,

Wouldn't we all...

#24 RV_Canada

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Posted 27 February 2002 - 20:20

Originally posted by GT Racing Online Magazine
This estimation (crude as always I expect) has been published today by various Finnish newspapers

Alex Yoong Minardi 540 000 ?

This, at least, is BS. Yoong's sponsor / nation pays for him to drive.

#25 Brian O Flaherty

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Posted 27 February 2002 - 20:21

Originally posted by Mrv
The only bargain I see is Montoya. Frank does it again. Can he keep him? I doubt it.

I dunno. I think Heidfeld is damn good value for money @ €2.2m

#26 SennasCat

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Posted 27 February 2002 - 21:26

Truth or dare???

Is Mark Webber paying for his drive @ Minardi through Yellow Pages and Beer sponsorship or his he being paid for it????

Just curious

#27 The RedBaron

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Posted 28 February 2002 - 02:58

Originally posted by Ricardo F1
Jaguar sure know the meaning of throwing good money after bad (EI) . . . though I'd say if any of that is right then Pedro De La Rosa is the best bargain going . . .

At least Eddie Irvine came to within a hairs whisker of winning the WDC! :smoking:

#28 Zawed

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Posted 28 February 2002 - 03:09

Mika Salo doing well for himself, since he has only had 2 podiums in his entire career; the 5 guys ahead of him, plus 4 other guys behind him, on the salary list are all race winners.

#29 Scoop

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Posted 28 February 2002 - 04:08

JV is getting serious money...
no wonder BAT is complaining

#30 Dunder

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Posted 28 February 2002 - 04:12

Originally posted by The RedBaron

At least Eddie Irvine came to within a hairs whisker of winning the WDC!

A lap of Suzuka would be closer to the mark.

#31 sanat

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Posted 28 February 2002 - 04:41

Some of this figures do not seem to be correct:
1. First of all, I do not think that these figures are supposed to show driver's total income. Take Schumi for example--his total income is surely much more than this.
2. Giancarlo Fisichella Jordan 4 300 000 --A year ago or so, his salary was somewhere around $9 mil. I do not think that Fisi would accept such a reduction in pay. I think, he'd rather fire his manager first.
3. Ralf Schumacher Williams 7 600 000. Last season, I think, his salary was around $12 mln, which is not surprising, given that Ralf's manager is Willi Weber and that the largest chunk of Ralf's salary is paid by BMW (they very much want to see a German driver in a BMW-Williams) and not by Frank.
4. Eddie Irvine Jaguar 8 600 000 As it was mentioned before me, it is widely believed that Eddie's salary during his first year with Jaguar was around $12 mln. Surely, his contract provides annual increases in pay. So, I would assume that Eddie's salary this year is somewhere around 13-14 mln USD.

#32 Ricardo F1

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Posted 28 February 2002 - 04:43

What a very scary thought. Someone paying Eddie $13m to drive a car. Not that well.

#33 GT Racing Online Magazine

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Posted 28 February 2002 - 09:03

This, at least, is BS. Yoong's sponsor / nation pays for him to drive.

You know, I've always wondered how that works, the pay-driver system that is. They are employed by the team so do they get the salaries from them, and the team takes the salary from the dosh they get from the sponsors? Or is Yoong employed on a 0 euro salary for Minardi? Bit of slave labour that is...My guess is that they are on the payrolls of their respective team, but that it's a account transfer thing; Malaysiaorwhoever pays Minardi who pays Yoong.

#34 man from martinlaakso

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Posted 28 February 2002 - 11:17

Effone2k, you wrote : "Supposedly McLaren pays their drivers a flat rate plus bonus $$ based on points and wins."

The extra bonus will probably be 1 million $ for a win and much more for a title.

You wrote : " Rumor has it that this was part of the reason that MH took a sabbatical this year. He and RD could not agree on a salary after his lackluster 2001 season!!!!!!!!!!!!!"

The rumor is a false one, the salary was never the problem. When MH had to retire for third time in a row (fifth time in seven races) in Monaco GP, he said to RD, that he can not thrust his car, his team and perhaps not himself anymore. He will need a break. RD said OK, but the team had to find a replacement for MH. RD & co talked to RS, but with no success. Then Mika talked with Kimi, when they both were in Montreal. Kimi said yes, and so said also Peter Sauber, when McLaren laid enough money to the table (over 20 million $, but not all the sum was cash). The situation was such, that if Kimi or Peter would have said no, then MH would probably have continued at least a year at McLaren. Then it might have been a querral with the money. But now the contract had never reached that point.

#35 Gemini

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Posted 28 February 2002 - 16:19

that's what I read in February F1 Magazine

„ ... Ron Dennis perceived that the Finn peaked and was on his way down. His contract was up and there was nowhere for him to go. Instead of the 9-11$ he had paid him for the previous two years, Dennis offered him and his manager, Keke Rosberg, $3million basic + $800,000 a win and thereabouts. It was effectively 50% paycut. To add insult to injury Dennis told him it would be one year contract, with a team option for a second. This was not what Hakkinen wanted to hear. He wanted two year deal at the same rate as before, and after that would retire. He then told Dennis he was thinking of retiring and couldn’t give him an answer. This took Dennis aback, but over next few weeks his offer remained the same; so did Hakkinen’s reply. He wouldn’t drive for less; Dennis wouldn’t pay more. And so it came to pass that Hakkinen decided to take Dennis’ offer, but nor drive and take season’s sabbatical.. Still it was indecision all the way, until Dennis settled it by signing new young star KR. Whether Hakkinen wanted to quit or not, the die was now cast. Dennis had made the decision for him. Hakkinen and Dennis agreed that he would stay on the McLaren payroll and get paid for his sabbatical season. McLaren would have first option on him...”

they later write about July $12 million offer from Jaguar to Mika, but Mika and Keke preferred to do it McLaren way

I can't judge whether it's true or not, but that's what I read...

#36 taran

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Posted 28 February 2002 - 16:33

I have the driver salaries according to German F1 magazine Kicker.

Somehow, they seem more accurate so here they are (all in millions of euro's):

Schumacher 45
Barrichello 9

Coulthard 8.5
Raikkonen 4

Schumacher II 12
Montoya 4

Heidfeld 2
Massa 1

Fisichella 5
Sato 0.8

Villeneuve 12.5
Panis 2.8

Trulli 4
Button 4.5

Irvine 10.5
de la Rosa 2.5

Frentzen 1
Bernoldi 0.8

Yoong 1
Webber 0.5

Salo 4.5
McNish 2