The new 2022 regulations have arguably done their job by promoting better racing. As most of the teams are still adapting to the new regulations, it seems Ferrari have already started working on their 2023 cars.
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Since the regulations also include a budget cap for the team, it has restricted the spending a team can do on developing their car. The budget cap would be further reduced going into the 2023 season, and according to rumors, the teams are starting to work on next year’s cars a bit earlier.
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Has the Italian team already got a jump start on their rivals?
It looks like the Italian giants are wasting no time. The team is currently fighting for both drivers’ and constructors’ championships and has produced a very stable car this season.
But that has not deterred them from starting to work on the car for the 2023 season. As reported by Formu1a.uno, “While the first version of the car number 675 (possible project name for Ferrari’s next year car) is running in the wind tunnel in Maranello, the Scuderia is certainly called to a reaction on the racing field.”
Formula One F1 – Monaco Grand Prix – Circuit de Monaco, Monte Carlo, Monaco – May 28, 2022, Ferrari’s Charles Leclerc in action during practice REUTERS/Benoit Tessier
One major taking point in the paddock for the 2023 season is the introduction of salary caps. Since the budget cap for the next season will be $135 million, it will further restrict the teams to spend money.
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Hence, there is a discussion on having a salary cap for the driver and key personnel. But Ferrari team boss Mattia Binotto mentioned it is not such a straightforward process.
Ferrari team boss gives his views on the salary cap for the 2023 season
Binotto revealed they are discussing the issue and trying to find a solution. But it would be difficult, as some drivers have pre-discussed contracts with the teams that might need legal attention if changes are made.
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“We are discussing it and trying to understand what can be a solution. It will not be in the short term. The reason for that is we already have contracts in place, and we cannot simply breach them.”
Formula One F1 – Spanish Grand Prix – Circuit de Barcelona-Catalunya, Barcelona, Spain – May 22, 2022, Ferrari team principal Mattia Binotto Pool via REUTERS/Manu Fernandez
“There are legal implications, to understand how to do that, so it’s a discussion. It’s an important one. We understand it and we recognize it will take time, but certainly we will go through the process,” said Mattia.
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The 2023 season promises to be just as engaging as the current one, especially with all the different factors, such as regulations and cost caps. It would be interesting to see how the teams navigate through the decreased budget cap for the next season.
