Vettel to become the highest paid sportsman in the world...

[psdtj]

I've just been browsing the web, finding content to write about when I found a piece on Vettel's 'future earnings at Ferrari'.

The article from Forbes, States that the contract Vettel has just signed works out at $80,000,000 a year! The actual figures have been kept very quiet as per, so I guess we can take it with a pince of salt; but this wage would put him above all sports people - even Ronaldo is only on $52million ('only' lol)

Seems a tad mental to be honest; Schumacher was only paid $31million a year (before sponsorship) so why would Ferrari pay so much for Vettel? Both have had bad years ....could we see a big improvement from the boys in red next season, I wonder?

[psdtj]

Gaz. said:

Good luck to him, but the sums are simply disproportionate to everyone else, past & present. I wonder if it's a way around the RRA, pay him $80m, he 'donates' $60m to be spent on the car...

$80m over three years would be far more believable and in line with what Honda were prepared to pay him.

I can't see FIAT-Chrysler or their unions being happy about it though, if you asked their shareholders, FOC's and men on the lines how would the company best spend $80m next year would any of them really say "Ah that unpopular German chap who got beat by his team mate, lets spend it all on him".

This is exactly what I thought....it just seems like a ridiculous amount of money! That certainly doesn't seem to quite add up.

Seems a far cry from the early 'F1 needs to change or we'll quit and pursue other motorsport' that Ferrari were shouting!!

[McSam]

Gaz. said:

I wonder if it's a way around the RRA, pay him $80m, he 'donates' $60m to be spent on the car...

There's an interesting concept!

He almost certainly cannot be paid $80m per year in reality, it's completely ridiculous and quite unnecessary - even half that would put him head and shoulders above the rest, which in terms of driving or even sponsorship value he isn't anyway.

[Bradgate]

Sounds like the usual 'think of a number and double it' media speculation. The same thing happens with footballers' wages all the time.

I'm sure Ferrari will be paying Seb huge amounts of money, but $80m sounds ridiculous. Why would they pay him multiples of what Mercedes are paying Hamilton?

[DanielSan]

Unless the number includes sponsorship and bonuses for winning the title, if that was to happen then 80million is a number plucked from the sky.

[Podie]

$80m over three years is what it being reported in the press.

It's still a lot of money, but sayign $26m pa doesn't have the same headline grabbing effect.

[psdtj]

Podie said:

$80m over three years is what it being reported in the press.

It's still a lot of money, but sayign $26m pa doesn't have the same headline grabbing effect.

Forbes article says "the daily mail is reporting the value of Vettel's three-year contract at 150 million British pounds. His annual salary of £50 million converts to just under $80 million."

I agree that 80 over 3 years definitely sounds more 'reasonable' though.

[psdtj]

Formula One drivers seem notoriously quiet about their pay...I'd be interested to know where they got the numbers from!!

[MGJohn]

F1 costings are very hard to identify accurately.

The TOTAL package cost to employ a driver and supply that driver with a competitive Top Team car for twenty races is astronomical. Think of a number and it will be well below the true cost.

Until in the unlikely event that a driver's actual terms and conditions are in the open for all to see, guesswork rules.

Even before the first race, all season I've had a hunch that for whatever reason, I strongly suspected it was known within the team that Vettel was on the way out. Most subsequent events supported that hunch until the recent confirmation went open source.

Still clueless as to where all these key F1 drivers will eventually be located come 2015. Has it been officially announced where Vettel will be?

[Catatafish]

Silly season creates vacuum, ergo random sources vomit hot air into the webosphere. Simple physics, because online media sphinctoutlets abhore the absence of copy.

[Lost soul]

Bradgate said:

Sounds like the usual 'think of a number and double it' media speculation.

they know nothing about the contract , its not even been formally announced yet , pure bull st

[MGJohn]

Catatafish said:

Silly season creates vacuum, ergo random sources vomit hot air into the webosphere. Simple physics, because online media sphinctoutlets abhore the absence of copy.

WOW! Don't hold back next time. Tell it like it is CT! Kudos. ...

[Adrian W]

He is going to have to go some to beat this bloke,

http://www.therichest.com/celebnetworth/athletes/g...

Then on second thoughts

http://www.forbes.com/athletes/list/#tabverall

Edited by Adrian W on Tuesday 14th October 15:00

[Jasandjules]

I doubt it will be 80m per year.

[cayman-black]

Hmm if Ferrari where smart they should of hired Riccardo. All these champions and still no win.

[//j17]

So much fuss - about an article in that most reliable of F1 sources...the Daily Fail.

Has anyone actually seen a story saying Vettel has actually signed a contract with Fiat anywhere else? Anywhere even half reputable or with more than a 'Monday after the race' approach to F1 coverage?

[IanHg]

Adrian W said:

http://www.forbes.com/athletes/list/#tabverall

Luis Suarez just hanging on to #100 by his teeth.

[boroandy87]

I'd rather they got it than these footballers.

As we've seen at Suzuka, a drivers life can be dangerously close to the edge sometimes whereas a footballers cries wolf for a stray finger on the chin....

[belleair302]

PPV Boxing in the US pays some staggering amounts to the fighters....I don't know what HBO/Showtime pay but figures of over $25 million are not uncommon for a major bout especially if Floyd Maywhether steps up for 20 minutes of madness.

There are a few baseball players earning over £15 million per year and these guys often don't play due to injury but still get paid in full. Its all about the contract and the agent.

[BlimeyCharlie]

boroandy87 said:

I'd rather they got it than these footballers.

As we've seen at Suzuka, a drivers life can be dangerously close to the edge sometimes whereas a footballers cries wolf for a stray finger on the chin....

'These footballers'?
It is all about supply and demand. Like it or not football is watched by a lot more people, and there are at least twice as many matches as there are Grand Prix. Go to a football match or training ground and you can actually meet famous players, unlike F1.

F1 is not interested in the fans. They are classed as a nuisance, but make good tv when it suits to film them waving banners etc. Look at how much unused space there is at Silverstone during the GP, but people are hoarded into Grandstands (extra of course) or crammed into a viewing area that is just rubble, having to peer past hundreds of heads to see anything.

There are areas around the track that are screened so you can't see the cars, despite having paid to get in. Why?

Not just Silverstone at fault. At Rockingham I was asked to leave the grass viewing area a couple of years ago, the viewing area open to the paying fans during the touring cars qualifying, the viewing area on the inside of turn 1 after the pits, between the vehicle and pedestrian tunnels, the viewing area with the 30 ft high double safety fencing. I stood there so I could see the cars, and get nearer to them, as I like seeing the cars. If I can't do that why bother paying to go? It was touring cars, not the launch of a Saturn rocket.

Just to be clear I was standing in the public area, not on the track, or trackside, or piloting a drone. I was behind the fence where it said I could stand.

"I've been told you can't stand there".
"Why?"
"Because it is dangerous"
"It says it is public viewing and I've stood here before no problems, along with other people"
"If you don't move we'll get security to move you".
Weird.