The budget cap, or cost cap
The cost cap, or budget cap, is the amount of money a team can spend on the car's performance in... There's more..., is the amount of money a team can spend on the car’s performance in one season. Set at $145m in 2022 is reduced by $5m per year for the next two years. An increase is made for inflation and an additional $1.0 million is allowed for each race over 21 races.
The cap excludes driver
OK, so we all know what the driver is, right. I've always liked the description that F1 drivers are like... There's more... fees, top management costs and administration costs like marketing or travel.
The cost cap does not cover engine development
F1 is a race off the track as well as on the track, with teams fighting to develop the fastest... There's more... or production.
