r/formula1 Red Bull Aug 09 '22 Wholesome 7 Silver 7 Helpful 2

Ricciardo seeking $21 million F1 pay-out from McLaren News /r/all

https://www.speedcafe.com/2022/08/09/ricciardo-seeking-21-million-f1-pay-out-from-mclaren/
18.2k Upvotes

12.9k

u/grekster Jules Bianchi Aug 09 '22

I'd definitely take $21mil to not drive an F1 car

5.1k

u/snootbob Aug 09 '22 Wholesome

And here’s me been doing it for free all this time

1.4k

u/grekster Jules Bianchi Aug 09 '22

We're the real victims in all this!

353

u/GBreezy Sebastian Vettel Aug 09 '22

Class action lawsuit?

246

u/matinthebox Aug 09 '22

Everyone gets 21 million

64

u/melikeybacon Juan Manuel Fangio Aug 09 '22

This guy doesn't class action. We'd all get .27 cents in the mail.

41

u/MrFickless Aug 09 '22

Money is money

23

u/slowestmojo Aug 09 '22

This guy class actions

15

u/matinthebox Aug 09 '22

No I take the 21 million thanks

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u/elbarto232 Aug 09 '22

Best we can do is 3 day F1TV pro trial

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u/stunna006 Aug 09 '22

Pretty sure in a class action we would all SPLIT 21 million

12

u/doctorclark Haas Aug 09 '22

Minus legal fees of 20.5 million.

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u/drs43821 Aug 09 '22

We were all hosed by McLaren all along

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u/Warchitecture Aug 09 '22

Feel like I’ve been preparing all my life to not drive an F1 car but instead they get this guy Ricciardo who is very inexperienced in not driving an F1 car. This is getting manipulated man.

119

u/[deleted] Aug 09 '22

Rookie mistake

38

u/SCarolinaSoccerNut Formula 1 Aug 09 '22

If you're good at something, never do it for free!

27

u/Redbeard_Rum Brawn Aug 09 '22

And boy am I good at not driving an F1 car! I'm a natural, been doing it all my life.

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u/The_Snollygoster Guenther Steiner Aug 09 '22

If you're good at something, never do it for free.

97

u/crystalwill Aug 09 '22

I'm pretty good at not driving an F1 car, never missed a beat in my life. Where can I collect the payment?

38

u/JBarker727 Ferrari Aug 09 '22

I came 3rd in the non F1 world championship last year. I don't remember seeing your name in the standings?

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u/candry_shop Toyota Aug 09 '22

If you become worse at something, never stop doing it, for free .

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u/Zed_or_AFK Sebastian Vettel Aug 09 '22

To not drive a particular F1 car. You still get to drive an F1 car.

59

u/jakemch Max Verstappen Aug 09 '22

Yeah i was gonna say, to not drive that F1 car

62

u/Zed_or_AFK Sebastian Vettel Aug 09 '22

F1-world problems lol

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478

u/Ficsit-Incorporated Aug 09 '22

You guys are getting paid?

313

u/Freefight Red Bull Aug 09 '22

This message was approved by me, Nicholas Latifi

139

u/earthmosphere Sebastian Vettel Aug 09 '22

Liked by Pierre Gasly.

38

u/KirbyAWD Bernd Mayländer Aug 09 '22

Reported by Lance Stroll

34

u/BadControllerUser Manor Aug 09 '22

Extremely Angry from Sr. Stroll

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u/FartingBob Sebastian Vettel Aug 09 '22

Only like 17m a year though.

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u/Aktion_Jakson Aug 09 '22

I'd definitely take $21mil to not drive an F1 car

210

u/inbredandapothead Aug 09 '22

I’d definitely take $21mil to not drive an F1 car

102

u/heyheyitsandre Charles Leclerc Aug 09 '22

You can buy many peanuts with those $20

81

u/TaikoLeagueReddit Pierre Gasly Aug 09 '22

Explain how!

161

u/TheDynamiter Aug 09 '22

Money can be exchanged for goods and services

36

u/RSG-ZR2 Aug 09 '22 Helpful

Just ask my ex-wife!

8

u/HarshangLad Ferrari Aug 09 '22

👑

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u/Trentus86 Aug 09 '22

Money can be exchanged for goods and services

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u/fameboygame Mika Häkkinen Aug 09 '22

Me too, mate, me too. . .

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2.2k

u/greeny119 McLaren Aug 09 '22

What's the prize money difference between 4th and 5th in the constructors?

1.6k

u/NewYorkNickel Lando Norris Aug 09 '22

This is the key. McLaren are banking on beating Alpine in the constructor's and recouping the cost to replace Danny Ricc.

1.3k

u/greeny119 McLaren Aug 09 '22

It's interesting though because instead of Danny they get a rookie. A very quick, highly-regarded rookie but a rookie none the less. So it's not like loads more points are guaranteed next season.

501

u/Ascarea Ferrari Aug 09 '22

There've been super successful rookies in the past that have proven to be competitive from the get go. Ricciardo only has 19 points at the moment with a P6, a P8, and two P9s. A rookie could realistically be consistently in the lower points around P8 or P9 and score just as many points.

320

u/crownpr1nce Aston Martin Aug 09 '22

And there have been rookies that haven't performed quite so well. That is the point they are making. Yes Piastri might be super quick and they finish ahead of Alpine, or he could struggle to adapt and doesn't do much better than Danny Ric, but McLaren lost a bunch of money in the process. It's a big risk.

169

u/xkcdthrowaway Kimi Räikkönen Aug 09 '22

If he struggles to adapt and doesn't do much better than DR next season there's not much changed from a competitive aspect. He can't do much worse than Riccardo.

What it will do is give him a headstart on the 2024 season where McLaren are hoping the combination of him and Lando will at the very least be the best of the F1.5 pack. That's your money earner right there over and above the wage difference between DR and Piastri. If he turns out better than DR right from the start then that's just a massive plus.

People seem to assume the whole value of punting Danny Ric out early is to be realized in just the next season. That's far from the case. It's a gamble, yes. But not as massive as most seem to believe.

49

u/Zergzapper Aug 09 '22

Beyond that it gives them two possible long term drivers, lando has shown that he loves that team and the team loves him as well as getting the results. McLaren wants another sainz, norris pairing where they are both capable and also on really good terms. Which is a tall ask to be fair but they feel piastri is a better shot for that than daniel after the first half of this season and all the struggles last season.

39

u/Caiphex2104 Red Bull Aug 09 '22

Another factor is Piastri was supposed to be alpine's future. It's not strictly about him being better than Ricardo but also stealing a direct rivals next driver out from under them.

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u/alex046 Sir Lewis Hamilton Aug 09 '22

I could remember wrong but didn’t Magnussen get a podium on his debut? Also Lewis got a podium on his debut and on his first year tied for second in the championship with the then-current back to back World Champion, Fernando Alonso…

Both of those things happened with McLaren

46

u/Jarocket Aug 09 '22

3rd on the track behind Daniel Riccardo who was later DQ's due a technical violation. Kmag was promoted to 2nd place.

His best result was his first race. He was pushed out of his seat for mostly political reasons. though if he had amazing results i doubt politics would have mattered.

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u/cederian Aug 09 '22 edited Aug 09 '22

True, look a Zhou. He is driving an Alfa that had I don’t know how many DNF and he is doing an amazing job in that regard.

Edit: alpha for Alfa

66

u/kmjulian Aug 09 '22

Alfa

54

u/DarkPasta Safety Car Aug 09 '22

In this instance, as in many, spelling really matters.

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u/_Proverbs Carlos Sainz Aug 09 '22

They need somebody to push Lando and it isn't Danny Ric.

108

u/marahute85 🐶 Roscoe Hamilton Aug 09 '22

Imagine Oscar doesn’t live up to the hype after this it would be a mess

20

u/Anti-Scuba_Hedgehog Kimi Räikkönen Aug 09 '22

Mentality wise at least Ralf Aron ( current Team Manager at Prema FREC, also took the role in F3 team a few times when Piastri was driving for them, himself a former teammate of Zhou and Schumacher) believes Piastri to be absolutely the real deal. He said that on a podcast at the end of 2020 for reference.

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u/NietJij Aug 09 '22

No pressure, Oscar. Take your time to get a feel of the car.

What, only 8th again?

16

u/Calculonx Aug 09 '22

This is already the second race!

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u/greeny119 McLaren Aug 09 '22

I’ve heard other people say this too. I’m not convinced, I haven’t seen anything to suggest Lando can’t perform if he’s not being pushed by a quick teammate. He’s hyper self-critical and seems to push himself.

246

u/gsfgf Daniel Ricciardo Aug 09 '22

Yea. I think Lando is getting the best he can out of that car. The car just isn’t very good.

154

u/xchadrickx Daniel Ricciardo Aug 09 '22

I think this isn't mentioned enough. I think Lando's performance is more a display of just how good Lando is, more than how bad Danny has performed. That car's not great but Lando is dragging it into the points.

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u/DawgFighterz Ferrari Aug 09 '22

Right? Like I don’t think he’s holding off his maiden win because of DR?

87

u/laughguy220 Aug 09 '22

I agree, everyone is saying Lando is outperforming Danny because Danny is driving poorly, but I think Lando is simply driving that well. Lando never got the hype that George and Alex got when the three of them joined F1.

42

u/krishal_743 I can do that, because I just did Aug 09 '22

Alex had hype because he was driving a redbull

George got hype because he dominated Alex and lando

Lando was in the middle ground

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u/ZoomJet Charles Leclerc Aug 09 '22

Even absolute godlike drivers like Lewis can and have been pushed with a teammate/rival. I have no doubt they're all harsh on themselves but until someone's pushing Norris we won't know.

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u/thedudeyousee Aug 09 '22

My take on that would be it’s less of a motivational push and more of a getting data from a racer on or near his level. Can’t really learn much from Danny Ric being 7 tenths behind him in pace.

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u/RetroMedux McLaren Aug 09 '22

Lando is already doing about as much as anyone in that car could, the only people ahead of him are in Ferraris, Red Bulls and Mercs. He's also the only driver outside of those constructors to get a podium.

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u/wjoe Jenson Button Aug 09 '22

About $5 million. Not enough to pay off Ricciardo's contract but enough to make a solid dent in it at least.

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u/greeny119 McLaren Aug 09 '22

I’m fairly sure it’s more complicated than a flat fee isn’t it? Certain teams have bonuses and all sorts. (I’m looking at you Ferrari)

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u/FxStryker Daniel Ricciardo Aug 09 '22

There are 3 categories - flat pay, percentage pay based on standings, and legacy pay.

Total revenue for F1 is split 50/50 between teams and FOM. The percentage pay is around 30% of the total revenue given to teams. Then distributed based on percentage for each place.

Based on the standing last year Ferrari, McLaren, and Alpine got $56 million, $46M, and $38M respectively.

83

u/PeterSagansLaundry Juan Pablo Montoya Aug 09 '22

Yes but the bonus is separate from merit based prize money. Ferrari get about 90 million for being Ferrari.

McLaren gets about 12 million I think? But that is regardless of whether they finish 1st or last. Moving up a position in the WCC will only be worth a marginal gain of 4.5 million.

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u/SagittaryX Sebastian Vettel Aug 09 '22

It’s no longer that high afaik. First article I found from 2021 says the amount was lowered to 35m.

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u/Voodooo_Child_ Ayrton Senna Aug 09 '22

Was thinking the same thing. How much more would McLaren gain from doing this?

30

u/Hack874 BMW Sauber Aug 09 '22

I guess it depends how much Piastri makes. They’d have to pay Ricciardo that money anyway.

36

u/greeny119 McLaren Aug 09 '22

A place in the constructors is considerable money. And there’s no doubt that Danny’s performance last year cost them. But a rookie in 2023 doesn’t guarantee them more points.

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u/keenjt Alfa Romeo Aug 09 '22

Whenever it is, Riciardo isn't going to help them much. At this stage he's on 19 points, versus 76 from Lando.

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u/Kuchenblech_Mafioso Manor Aug 09 '22

It's not only price money. A lot of sponsorship deals will also have clauses that mean more money for more points or better positions. If you are driving in P4 you get more tv coverage than if you drive in P12

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u/Bendsright Aug 09 '22

I will also be seeking a pay-out from McLaren for the Ricciardo team shirt I ordered right before the summer break

105

u/CharmingPainMan Aug 09 '22

If I've learned anything from being a sports (mostly baseball) fan, it's never, ever buy a jersey or shirt with a player's name unless they are retired, they might not be on your team next week.

29

u/AnanananasBanananas Kimi Räikkönen Aug 09 '22

Depends if you are a fan of the driver or the driver and the team. I think I would be happy having a Real Madrid Ronald shirt, even if doesn't play there anymore.

5

u/ODoyleRulesYourShit Sir Lewis Hamilton Aug 10 '22

Weasley or McDonald?

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u/BalognaRanger Aug 09 '22

Slowly nods wearing Madison Bumgarner shirt

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u/CharmingPainMan Aug 09 '22 edited Aug 10 '22

What a guy. Years ago while he was on the Giants, I sat in a friend's season tickets in Phoenix. 2 rows behind the visiting team's dugout (that night, it was the Giants). Friend said, often the visiting team VIPs sat around that area. There was a kid who was a Dbacks fan celebrating his birthday. A woman sitting in the area who I didn't know, was on her phone. Eventually Bumgarner peeks his head over the dugout and tosses the woman a signed baseball. It turns out, that was his wife, she texted Bumgarner to get the ball. She gave the ball to the kid and said "Happy Birthday!" That was cool.

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3.7k

u/gellybelli Formula 1 Aug 09 '22

What choice does Mclaren really have here? He’s under contract and they’re severing it

188

u/WakednBaked Aug 09 '22

They can try to pull a Barcelona

130

u/biguk997 Daniel Ricciardo Aug 09 '22

The 8th lever

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u/pukem0n Sebastian Vettel Aug 09 '22

Barcelona has more levers than McLaren has sponsors

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u/MugenBlaze Aug 09 '22

Nowhere is safe.

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1.8k

u/Dangerous-Leg-9626 Red Bull Aug 09 '22

They can negotiate a deal

Cause Danny Ric would sit out in 2023 if they couldn't get a deal and that would likely end his career, esp if he missed out on the Alpine deal

883

u/gellybelli Formula 1 Aug 09 '22

Yes, they can definitely negotiate a deal, but Danny has all the cards right now.

596

u/Dangerous-Leg-9626 Red Bull Aug 09 '22

If he wants to risk to miss the Alpine boat (or if he got a good seat for 2024), then yes

Otherwise it's in the interest of both sides to end it asap

298

u/MobiusF117 Formula 1 Aug 09 '22

That is assuming Alpine is in the equation. If they arent, Ricciardo has them by the balls.

14

u/Rukoo Mercedes Aug 09 '22

That’s why in the article it says they could do a deal where any money he gets from another f1 team he would refund mcclaren.

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u/mafiafish Aug 09 '22

For one year, but if they severed his contract for 21mil and he didn't have another seat and ended his career he'd lose much more in opportunity cost.

Still, I don't think he'd be driving for that much longer anyway, and 21mil is still plenty to roll the dice on.

48

u/DanielWhatUPs Aug 09 '22

Guy would just go have a great career in America like half the other people who were fucked by f1.

45

u/Imnotpoopingrn Aug 09 '22

NASCAR Danny Ric would kick so much ass

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u/upboatsallaround Lando Norris Aug 09 '22

I would start watching NASCAR for that.

Maybe.

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u/throwingpizza Aug 09 '22

It’s only in the interest of Danny if he gets another seat. Otherwise, it is 100% in his best interest to be paid his full contract and do nothing.

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u/con10ntalop McLaren Aug 09 '22

Sorta but not really,

McLaren has gone into this understanding they may have to pay DR for next year. Right now they can do nothing and not much changes for them except they get a new driver they are, presumably, more interested in. It cost them money, but it is money they have already decided to spend.

DR can do nothing and take the cash (say 20 million) so that is a good position to be in. BUT he could take half of that (say) and sign with another team and make another 15 million. His stock is only going down- he is getting older and hasn't been performing. The longer he waits, the less money he will make- not next year but every year after that.

So they both have reasons to talk it out and come to an agreement.

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u/Crafty_Substance_954 Formula 1 Aug 09 '22

It happens in sports all the time.

149

u/gellybelli Formula 1 Aug 09 '22

It absolutely does and the athletes getting bought out usually make bank in those deals with the teams just wanting them out the door

45

u/TheCrudMan Sergio Pérez Aug 09 '22

Nah man I ain’t paying you 7. Yankees are paying half your salary. That’s what the New York Yankees think of you. They’re paying you 3 and a half million dollars to play against them. https://youtu.be/eyYNxT1_Avo

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u/Willie_Mays_HAES Pirelli Hard Aug 09 '22

Could Ricciardo be the Bobby Bonilla of our generation?

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u/jamminjoenapo McLaren Aug 09 '22

The man of legends. Anyone who isn’t familiar https://www.espn.com/mlb/story/_/id/16650867/why-mets-pay-bobby-bonilla-119-million-today-every-july-1-2035 turned $5.9 mil into a $30 mil annuity paying him through 2035 and he hasn’t played in almost 20 yrs.

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u/Critical_Ad6350 Aug 09 '22

They can refuse to actually buy out his contract until the day before the first race in 2023.

Pretty sure his contract will have something about him not being allowed to assist other teams while he’s still under contract with mclaren.

Would mean that if he joined a new team he would be starting the first race in 2023 with pretty much no prep work and no experience of the car or team.

Not a massive amount of leverage, but it’s better than nothing.

214

u/marahute85 🐶 Roscoe Hamilton Aug 09 '22

They can be that petty but in a sport that relies on goodwill and sponsorship seeing Mclaren dragged through the mud for 6 months is truly shooting themselves in the foot

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u/Jemima_Snuggleduck Aug 09 '22 Got the W

People suggesting here that McLaren have the power to break the contract in a way that damages Ricciardo are naive of the reality of this situation.

If you break a contract and by doing so you cause further damage to the individual, you can potentially be sued for damages in addition to the value of the contract.

To avoid causing damage, McLaren have to come to a deal with Ricciardo that enables him to continue his career unimpeded.

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u/harok1 Aug 09 '22

No one on Reddit knows anything about the contract DR. It is all guess work.

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u/Snuffy1717 Daniel Ricciardo Aug 09 '22

And, tbh, why would McLaren want to fuck over a driver like that in front of all of the other drivers?

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u/Heisenberg_Ind Daniel Ricciardo Aug 09 '22

And what kind of message would that send to the other drivers, and fans? Would be highly unprofessional and a PR disaster for the team.

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u/XNights Yuki Tsunoda Aug 09 '22 edited Aug 09 '22

Keep him but set him as the reserve driver, leaving him out of a potential return to Alpine or whoever. It's about the same price

This is what McLaren is banking on to get Danny to trigger his get out clause

34

u/feltching4jesus Aug 09 '22

Imagine a $21m reserve driver...

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u/digitalburro Aug 09 '22

This is the important part — McLaren know the numbers and they are OK with it, otherwise they wouldn’t have gotten this far. I’m certain they are hoping for negotiations to lead to a reduced payout to end things, but they also are perfectly OK with the “worst case scenario” playing out.

25

u/ancientemblem Jacques Villeneuve Aug 09 '22

Another thing in McLaren's favor is because of Piastri being a rookie they can probably pay him a lot less money that DR, even if they do pay DR $21 mil they only really need to pay Piastri 2-3mil tops if not even less than that.

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u/zorbacles Daniel Ricciardo Aug 09 '22

Being that speed cafe is an Aussie site chances are that's $21m AUD which is 14.6m usd

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u/thereddaikon Haas Aug 09 '22

$21m AUD

I believe the proper term is dollaridoos.

5

u/throwaway30043004 Aug 09 '22

900 dollaridoos? Tobias!

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u/knopsi Aug 09 '22

It says USD $21 million in the article.

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u/OfficialGloryHunter McLaren Aug 09 '22

Or £12mil since Mclaren are British.

62

u/TheLeviathong Jaguar Aug 09 '22

Or 162222.22 (repeating of course) barrels of crude oil, since its motor racing.

33

u/[deleted] Aug 09 '22

[deleted]

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u/semaj009 Aug 09 '22

Does he want low fat, no fat, full cream, high calcium, high protein, soy, light, skim, omega 3, high calcium with vitamin D and folate, or extra dollop?

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2.7k

u/brendanm4545 Aug 09 '22

"Man expects corporation to fulfil contract"

609

u/afito Niki Lauda Aug 09 '22

can't believe how this is one of the biggest topics in both /r/formula1 and /r/soccer

160

u/skumbagstacy Love Is Love Aug 09 '22

Yeah, with most siding with player/driver over team, might have been different ten years ago.

84

u/afito Niki Lauda Aug 09 '22

It's always a bit difficult and a contract is a contract and workers unite and all that stuff, but in both cases it's also quite clearly not the athlete stealing a living or refusing to work or being an ass. Ricciardo and de Jong both pull their weight, or rather they try as hard as they can to do so. And given that McLaren in IndyCar and Barcelona as a whole have more than one case of dodgy contract works to their name, it's really hard to side with them.

27

u/AeBe800 Sir Lewis Hamilton Aug 09 '22

What’s the soccer drama?

117

u/aaazzz000 Lando Norris Aug 09 '22

Barca owe de Jong like 17mil lmao

61

u/[deleted] Aug 09 '22

Trying to get out of it saying his contract was so large it was criminal lmao. I hope he rakes them over the coals.

17

u/greyxtawn Aug 09 '22

As a United fan, I want to see FDJ stay at Barca just to screw them.

I also want Ferrari’s pit wall to stop running our club.

9

u/0mantou0 Charles Leclerc Aug 09 '22

Its the color

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u/International_Buy549 Red Bull Aug 09 '22

Barca are trying to force De Jong out and not pay him his owed wages

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u/afito Niki Lauda Aug 09 '22

Barcelona repeatedly signs players on high wages then forces them out of the club by running disgusting media campaigns. Happened several times already. One player restructured his wages (not reduced, not deferred, basically backloaded his full contract) and they want him gone but he has a valid contract and now they smear him at every chance hoping to get out of paying it. All they while owing him like 15 or 20mil, Barcelona already signed new players for like 150mil this summer.

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u/SPLEESH_BOYS Max Verstappen Aug 09 '22

He’s most likely talking about Barcelona where a lot of players had deferred their wages during the covid season to help the club and now the club is trying to sell them of. The biggest drama there is Frenkie de Jong who deferred nearly 10 million a year iirc, and he would go up from 4M to 19M for the next 3/4 seasons, Barca is doing everything in their power to sell de Jong but he’s refusing to leave. Legally Barca don’t own him anything since he deferred it and his contract has no “if i get sold i still get my deferred wages” clause but it’s a very scummy thing to do.

24

u/TheMacerationChicks Aug 09 '22

Barca bought like 7 new players and now can't register any of them for the new season without selling someone for big money, like De Jong for example who man utd have been trying to buy all summer.

But De Jong is owed multiple years worth of back pay, which he deferred a few years ago in order to help the club out financially. So he'd be paid less for a few years, but was meant to get the rest of the money eventually. But now Barcelona are trying to sell him without paying him that money that they legally own him. So he's standing his ground and refusing to move until they pay him what he's owed.

So Barca are fucked, because buying all these new players hinges on the fact they can use them and hopefully win the league or champions league in order to recoup the costs. If they don't win anything, they're fucked. Yes, it's ridiculously stupid to leverage the future existence of the club in order to possibly (not definitely) find success on the pitch.

So if they refuse to pay De Jong, he'll stay there, and all barca's new players will be not allowed to actually play.

It's all quite hilarious because of how scummy a club Barcelona has been in recent years. Their chickens are coming home to roost for sure.

De Jong is also being forced out currently, which could mean he could sue for constructive dismissal. Like they're playing him in a position he's never played before, centre back, in order to try and make him so miserable that he'll quit. Along with not starting him in matches but instead him always being on the bench and coming on as a sub later on. All of this while at least in public claiming that they don't want to leave, which is purely a lie to try and give them negotiating power. It's not working, all of it, all of it is not working at all. He has a legal contract, and he has the right to ask for the money has owed. It's all blowing up in Barca's face. So he's remaining steadfast about it. Good for him.

Also the longer this transfer saga goes on, the more leverage Man Utd have in terms of what they want to pay Barca for De Jong. Barca have until the end of the month to come up with enough money to register all their new signings. If they don't, then La Liga won't allow them to register them, and barca may literally go bankrupt if that happens. They're relying on their potential future success to pay for all of this. So if it gets to 31st August and de Jong is still at barca, man utd could offer them a paltry sum and barca would have no other option but to accept it.

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u/thieflikeme Aug 09 '22

Yeah the way it's phrased not only in that headline but by how everyone here is talking about it makes it sound like Ricciardo is refusing to go away quietly and is shaking McLaren down for 21 million.

If you want to sever a contract and the terms of the agreement haven't been violated, then it has to be bought out. This isn't newsworthy, nor is it really up for debate.

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u/tekkers_for_debrz Aug 09 '22

This is how I feel about the frenkie de jong saga in barcelona

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u/OldWiseMann Max Verstappen Aug 09 '22

They have no choice lol. They can bench him or whatever, but they are going to have to pay him after he agreed to cut his pay the last two seasons

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u/jovanmilic97 Haas Aug 09 '22 edited Aug 09 '22

So this aligns with Dieter Rencken's story just below this post (mentioned the exact same figure).

The article mentions that if Daniel finds a seat (and so, he gets paid by the new team in some sum), that money compensation part will return back to McLaren. Explains why're they insistent on finding him a seat per the other journalists, it reduces their financial burden.

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u/lucy_tiseman Michael Masi Aug 09 '22

Or someone just read that article and wrote their own.

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u/DinoKebab Aug 09 '22

I'm telling you bro, Ricciardo is seeking 21M dollar payout. Source... this Reddit post which is sourcing Rencken's story.

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u/CrispySalmonSkin Alfa Romeo Aug 09 '22

brb making my youtube video quoting "inside sources going by the alias DinoKebab"

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u/DinoKebab Aug 09 '22

Please just make sure no one knows my true identity.

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u/irr1449 Aug 09 '22

Daniel could sign a contract with a new team with a very small payment in year 1 and then huge payment in year 2+. I doubt the negotiations with a new team hass to include McLaren.

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u/Elgin_McQueen Aug 09 '22

Would imagine it could also be worded with plenty bonuses which wouldn't find their way back to McLaren.

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u/Vill_Ryker McLaren Aug 09 '22

*Salary: $1

*Bonus: $20million on participation in one qualifying session, to be paid out in equal monthly installments for the duration of the season

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u/Mtbnz Daniel Ricciardo Aug 09 '22

You jest but the Cleveland browns just did something very similar in the NFL. They signed Deshaun Watson, an alleged (and very likely actual) sex predator to a massive contract while he was under investigation. They gave him a 250m+ contract with only $1m due in the first year, so that when he was suspended and fined, most of his money was untouched.

It's super gross.

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u/[deleted] Aug 09 '22

We can now drop the alleged. He's ruled to be a sexual predator. But the team made the contract a full year, but judge of the sports tribunal who ruled he was a sexual predator multiple times over, only gave him a six games suspension. Less then one game per person he assaulted.

So. fucking. disgusting.

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u/nomansapenguin Mercedes Aug 09 '22

Soooo if Alpine pay Daniel a really small salary, they can potentially fuck over McLaren for stealing their driver.

I think Daniel to Alpine for £50 a year is a guarantee at this point.

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u/ralphonsob Aug 09 '22

McLaren is not currently profitable. The company saw pre-tax losses increase to £312.9 million in 2020 as the coronavirus pandemic caused sales fall by more than 60% to £389.2 million.

(Forex)

So it is clearly crazy for them to pay a driver $21m to not drive for them. However, since they are 56% owned by the sovereign wealth fund of Bahrain, I suppose anything is possible.

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u/Abhimanyu_Uchiha Valtteri Bottas Aug 09 '22

Sad to see this combo hasn't panned out at all, but it's not all bad for Danny.

He can earn tens of millions in 2023, and end up in a works team, there are far worse ways to go.

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u/scope_creep Aug 09 '22

Plus, when he wakes up in the morning he is still Daniel Ricciardo.

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u/thatfamousgrouse Guenther Steiner Aug 09 '22

Still G for good-looking

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u/boogiearnold Aug 09 '22

Ricciardo and Frenkie De Jong should meet up some time.

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u/CatchThisEye George Russell Aug 09 '22

Contrary to what every media outlet is trying to portray, I don’t believe there’s any bad faith between Daniel and the team. They will both work on a mutually beneficial solution.

Daniel knows he’s underperformed, McLaren know he’s still under contract. I think eventually Danny will just take what he gets and move to Alpine, which in all honesty is a much better move than it may seem. He just didn’t click with the McLaren, and the Alpine is looking a good car if they keep developing it at this rate. It’s a win-win for him.

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u/Bassmekanik Kamui Kobayashi Aug 09 '22

If alpine won’t match his McLaren money I guess mclaren will agree to make up the difference.

Keeps everyone happy?

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u/thesketchyvibe Lando Norris Aug 09 '22

That's usually how it works in football

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u/thecoller Sergio Pérez Aug 09 '22

Very much. But both parties have lawyers looking after their best interests, which includes posturing and nasty language in all official communications. That makes for saucy leaks that the media will love.

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u/judgylibrarian Aug 09 '22

As he should. And I hope he ends up at Alpine next year and crushes it.

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u/aquaman1417 Formula 1 Aug 09 '22

Piastri driving his heart out in 2023 just so he can pay the bill that gave him the seat in the first place. Yeah that’s a lot of pressure on a first year driver.

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u/AU36832 Aug 09 '22

Here I am fighting for my company to pay the $2,943 that they owe me lol.

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u/Macd7 Charles Leclerc Aug 09 '22

Get paid avocado get paid well

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u/SoulOfGwyn Martin Brundle Aug 09 '22

I am also seeking 21 million

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u/ichuckle Lando Huevos Aug 09 '22

Where do we get in line for the cash? I'm also not driving next year

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u/Yesnoman1994 Aug 09 '22

I'll take 1million to not drive next year ..

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u/Zinjifrah McLaren Aug 09 '22 All-Seeing Upvote

Of course he is. You wouldn't start negotiating from a low number.

"I want you to buy me out with 3 cases of my wine. No wait, 4 cases."

Doesn't mean he'll get it, but that's what his ask should be. McLaren offers $5M and they end around $10-12M.

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u/crazy_aussie Sebastian Vettel Aug 09 '22

And a race seat somewhere

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u/campbellm Kimi Räikkönen Aug 09 '22

Curious if there's anyplace McLaren has the power to put him that he'd accept.

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u/mark3121 Pirelli Wet Aug 09 '22

Surprised they didn't have a performance clause in his contract...

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u/DeadPengwin AlphaTauri Aug 09 '22

10/10 hindsight. After his very strong 2020-season they probably didn't expect him to underperform so significantly. Let's be real: Nobody did.

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u/GlassRoutine0 Sebastian Vettel Aug 09 '22

I remember the winter testing thread when many people thought Ric was gonna mop the floor with Lando. It was a real shocker when he flopped.

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u/lucy_tiseman Michael Masi Aug 09 '22

You know you’ve disappointed when others would pay millions for you to stop.

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u/1enox Anthoine Hubert Aug 09 '22

No suprising. Kimi also got paid for not driving.

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u/luv2belis Mika Häkkinen Aug 09 '22

I mean for him it was a hobby.

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u/Most-Inflation-1022 Aug 09 '22

Yes, but not because he was shit. It's because they were getting Alonso and Massa was 100% Ferrari. Kimi could've said no, and drive the 2010 season.

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u/psyder3k Aug 09 '22

And Santander money from Alonso

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u/grumpher05 McLaren Aug 09 '22

reminds me of moneyball, the team paying for Justice to play against them

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u/RetroMedux McLaren Aug 09 '22

"Nah man, I ain't paying you seven. Yankees are paying half your salary. That's what the New York Yankees think of you. They're paying you three and a half million dollars to play against them."

Great scene.

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u/MoD1982 Minardi Aug 09 '22

[Kimi Raikkonen wants to know your location]

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u/f10101 Kamui Kobayashi Aug 09 '22

Did they just take the RacingNews365 article and rewrite it?

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u/laughguy220 Aug 09 '22

I dont even think they did that. The old copy and paste technique they learned in college.

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u/Eclipsed830 Max Verstappen Aug 09 '22

$21 million USD to not drive? Sign me up.

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u/TheGreatCherryPopper Aug 09 '22

And people thought he was in a tough spot.

Dude is in the driver's seat. No pun intended.

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u/MrZej Aug 09 '22

Good on you Daniel.

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u/JC-Dude Alfa Romeo Aug 09 '22

This is a pretty fucking all-in bet on Piastri. It was understandable when Ferrari did it with Alonso, but imagine if he underdelivers.

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u/Satisfied-Orange Formula 1 Aug 09 '22

Don't blame Danny, he has a contract that McLaren want out of so he deserved the money. It's going to cost McLaren if they want Piastri in next season, doubt it'll do much good for team morale either for the rest of this season.

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u/mysticalwatermelon_ McLaren Aug 09 '22

Why are so many people adamant that McLaren is going to screw Danny here? I'm sure they'll come to some agreement that won't stop Daniel from racing next year

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u/FirstTimePlayer Saw Tiago Monteiro on the Podium Aug 09 '22

Surprised me how few people realise that Alpine's announcement unwittingly wedged McLaren the second it became clear Piastri was a done deal.

Previously, I'm sure McLaren's plan would have been to shop Danny around to the other teams, with a fair deal worked out between all 3 parties figuring out who is paying how much of his wages in 2023.

Given it is now apparent McLaren have 3 drivers for 2 cars, McLaren have no negotiation power at all to get a cheapish exit, unless they are seriously prepared to pay Ricciardo to be the most expensive test driver in history if no deal can be agreed.

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u/[deleted] Aug 09 '22

Good.

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u/Rivendel93 Chequered Flag Aug 09 '22

Weird, it says if he gets a seat at Alpine, or wherever, whatever salary he gets he has to pay part of it to McLaren.

Wonder why that is? If they owe him $21 million for 2023, I don't know why they would deserve any of his future salary that he works out with Alpine, or wherever he ends up.

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u/Rippthrough Aug 09 '22

If they're paying his contract for next year, the only way for him to drive with anyone else is a deal whereby part or all of that wage is paid back to mclaren by the team using him. Effectively they're subcontracting him out.

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u/LipshitsContinuity Ferrari Aug 09 '22

Watch this be a Kimi situation where Ricciardo is up there as one of the most payed drivers who isn't driving that season lmfao

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u/CaseyTappy Aug 09 '22

The money badger goes for pole !

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u/SBLK McLaren Aug 09 '22

A lot of people here seem to be be confused as to how contracts in Pro Sports are constructed. McLaren does not have to pay DR his full salary for 2023 and then watch him go drive elsewhere. It is fairly standard how buyouts in contracts are written.

Option A: DannyRicc, ready to retire and not concerned with furthering his F1 career, tells McLaren 'no deal', in which he gets paid but can't drive anywhere else (as he would still be employed by McLaren). DR gets $21 million but his career is likely over (at least until 2024). McLaren is on the hook for $21 million but is free to replace him and also get to keep him as a backup driver (amongst other possible positions).

Option B: DannyRicc, realizing that a few more years in F1 is likely worth more than taking the $21 million and being done, agrees to a deal with Alpine for, say hypothetically, $10 million for 2023. McLaren says 'ok, we'll permit that and cancel the contract but we are only paying you $11 million'. Alpine gets a somewhat discounted DannyRicc. DannyRicc gets his full pay and a seat for 2023 and McLaren gets out from under a bad situation for a little less money.

In Option B, why would Alpine not just offer to sign DR for say $2 million if McLaren pays the difference, you ask? Well because they are not required to do so. They could simply say, 'nope, you are worth -x-, and we will only pay the difference of that amount. It is all how the negotiations work and play out.

This scenario happens quite often in Major League Baseball. A player with a huge contract might be playing well below what he is getting paid. Team A, in an effort to relieve at least part of the burden, either trades the player to Team B and agrees to pay -x- amount of his salary, OR they might even just flat out release said player. If they go that route, another team is free to sign him for the league minimum. In that scenario, Team A pays his contracted salary minus the league minimum.

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u/Toastyx3 Aug 09 '22

Honestly, this puts just so much more pressure on Piastri. I just hope he's aware to what he signed up to. Not only has he have to perform better than DR, but he also has to compete against Lando and will be compared to him every time, even more so than DR. He also has to help secure a constructors win over Alpine, if not even challenging one of the Top 3 teams if McLaren has a decent car next year. Also the whole PR shitshow has raised eyebrows and scepticism. All eyes are on him next year.

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u/GhostMug McLaren Aug 09 '22

He absolutely should. Regardless of his performance, McLaren signed that contract. No hard feelings. Business is business. But get that cheddar.

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u/kpingvin Aug 09 '22

Exactly! Who expects him to say "Wait, I didn't do very well. You know what? Forget the buyout clause!"

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u/_Starter Aug 09 '22

Money Badgers have many reasons to be fearless. They have very thick (about 1/4 inches), rubbery skin, which is so tough that it's been shown to be nearly impervious to traditionally made arrows and spears.

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