2023 Season Entry Fees are not to be sneezed at.
In formula 1, the teams and drivers must pay an entry fee to join the tournament. And with the fee based on 2022 performance, the top teams stand to pay significantly more than those at the bottom of the grid. By almost ten times…
Teams all pay a base fee of $617,687.00 plus $7,411.00 for each point won. This puts Red Bull at the top with an entry fee of $6,242,636.00 compared to Williams, who will pay $667,079.00.
A similar system applies to the drivers who pay $16,236.00 plus $2,100.00 for each point—putting Max at the top with an entry fee of $969,636.00 against the new starts who are paying the base fee only.
Considering that the teams are likely to pick up the driver’s entry fee puts Red Bull’s account at a staggering $7,869,008.00.
| Team | 2022 Points | Base Fee | Fee per point | Total fee |
| Red Bull | 759 | 617,687.00 | 7,411.00 | 6,242,636.00 |
| Ferrari | 554 | 617,687.00 | 6,174.00 | 4,038,083.00 |
| Mercedes | 515 | 617,687.00 | 6,174.00 | 3,797,297.00 |
| Alpine | 173 | 617,687.00 | 6,174.00 | 1,685,789.00 |
| McLaren | 159 | 617,687.00 | 6,174.00 | 1,599,353.00 |
| Alfa Romeo | 55 | 617,687.00 | 6,174.00 | 957,257.00 |
| Aston Martin | 55 | 617,687.00 | 6,174.00 | 957,257.00 |
| Haas | 37 | 617,687.00 | 6,174.00 | 846,125.00 |
| AlphaTauri | 35 | 617,687.00 | 6,174.00 | 833,777.00 |
| Williams | 8 | 617,687.00 | 6,174.00 | 667,079.00 |
| $21,624,653.00 | ||||
| Driver | 2022 Points | Base fee | Fee per point | Total fee |
| Verstappen | 454 | 16,236.00 | 2,100.00 | 969,636.00 |
| Leclerc | 308 | 16,236.00 | 2,100.00 | 663,036.00 |
| Perez | 305 | 16,236.00 | 2,100.00 | 656,736.00 |
| Russell | 275 | 16,236.00 | 2,100.00 | 593,736.00 |
| Sainz | 246 | 16,236.00 | 2,100.00 | 532,836.00 |
| Hamilton | 240 | 16,236.00 | 2,100.00 | 520,236.00 |
| Norris | 122 | 16,236.00 | 2,100.00 | 272,436.00 |
| Ocon | 92 | 16,236.00 | 2,100.00 | 209,436.00 |
| Alonso | 81 | 16,236.00 | 2,100.00 | 186,336.00 |
| Bottas | 49 | 16,236.00 | 2,100.00 | 119,136.00 |
| Magnussen | 25 | 16,236.00 | 2,100.00 | 68,736.00 |
| Gasly | 23 | 16,236.00 | 2,100.00 | 64,536.00 |
| Stroll | 18 | 16,236.00 | 2,100.00 | 54,036.00 |
| Tsunoda | 12 | 16,236.00 | 2,100.00 | 41,436.00 |
| Zhou | 6 | 16,236.00 | 2,100.00 | 28,836.00 |
| Albon | 4 | 16,236.00 | 2,100.00 | 24,636.00 |
| De Vries | 2 | 16,236.00 | 2,100.00 | 20,436.00 |
| Piastri | 0 | 16,236.00 | 2,100.00 | 16,236.00 |
| Hülkenberg | 0 | 16,236.00 | 2,100.00 | 16,236.00 |
| Sargeant | 0 | 16,236.00 | 2,100.00 | 16,236.00 |
| $5,074,920.00 | ||||
| $26,699,573.00 |
