F1 prize money: How much will each team earn after the 2023 season?
The Concorde Agreement, 50% of Formula 1’s commercial rights profit becomes the prize money for the 10 teams.
But that 50% figure isn’t exact. For example, it is widely believed that Ferrari receive an additional sum due to their historical significance in the sport, while Formula One Management also take an extra slice of the cake if the overall amount is beyond a certain point.
Teams also receive extra for past championship wins.
Those bonuses can equate to 25% meaning the other 25% is then split between the 10 teams, depending upon where they finish in the F1 constructors’ championship.
The earnings, per place it the F1 constructors’ championship, were estimated by Autosport based on an overall pot of $1 billion:
1st: $140m - Red Bull have dominated the season and won the constructors’ championship. They will earn approximately 14% of the overall pot.
2nd: $131m - Mercedes claimed this sum in the F1 Abu Dhabi Grand Prix, a $9m bonus from the third-place that they avoided.
3rd: $122m - Ferrari were forced to settle for third.
4th: $113m - The sum set to go to McLaren. The British team didn’t always look certain to claim fourth, but mid-season upgrades powered them on.
5th: $104m - Aston Martin's biggest-ever prize money.
6th: $95m - Into the pocket of Alpine.
7th: $87m - The sums of money arguably get more crucial, the lower down the table you go. Williams securing this sum represents a major boost.
8th: $78m - To AlphaTauri, who have had a rollercoaster year including Daniel Ricciardo’s comeback.
9th: $69m - An extra $9m is at stake for Alfa Romeo who avoided finishing last.
10th: $60m - Approximately 6% of the pot will go to Haas, who prop the table up.
