Oct.29 - Formula 1 looks set to impose a salary cap for Formula 1 drivers.
The Daily Mail and other sources report that teams will only be allowed to spend $30 million on drivers from 2023.
The teams reportedly voted unanimously for the measure in Monday's key meeting in Portimao, during which the reverse grid proposal was once again rejected.
The six-time world champion is said to earn over $45 million per season currently.
Haas team boss Gunther Steiner said recently that a salary cap is only logical in Formula 1's new $145 million budget cap era which begins next year.
"If you want to spend a lot of money on a driver then you cannot do other things," he said. "That should level the playing field even more and I think the salaries would adjust by themselves and end up lower than they are now."
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