Raikkonen to make a million a week



As the New Year approaches, it's easy to let our thoughts turn to the new racing season ahead. New seasons bring equipment and regulations changes, new venues and a few spiffed up old ones added to the schedule; manufacturers getting into new forms of motorsports; and some calling it quits. New seasons also mean personnel changes in most series.

Nowhere is this more closely followed than in the racing soap opera that is Formula 1. With astronomical budgets and such a small group of teams, it's easy to get caught up in the comings and goings of every driver. The biggest news from last year was the retirement of seven-time champion Michael Schummacher from Ferrari and the repeat driver's title for Renault's Fernando Alonso. It was a compelling title fight down to the last couple of races, but in the end the young and hugely talented Spaniard prevailed.

Whether cause or effect, the departure of MS from Ferrari left a huge void in the team, one that will hopefully be filled by the signing of the super talented Finn, Kimi Raikkonen. Admiring his brilliance while piloting the somewhat inferior McLaren the last few years, Ferrari made the decision to nab him and make him their new number one. For that privilege, Ferrari will be spending the tidy sum of $1 MILLION a week for calendar year 2007. OK, that's a slight exaggeration. According to Swiss newspaper Blick, the driver's salary for '07 will be $51m. That, folks, is reported to be $16 million more than Alonso will get to fill Raikkonen's vacated seat at McLaren. Not too bad for the fun-loving Finn.

[Source: Belfast Telegraph]


In related news, the newspaper also reported that Jenson Button will earn $16 million to drive for Honda, and that Michael's brother Ralf Schumacher will get a similar amount to return to Toyota. Renault's former number 2, Giancarlo Fisichella and Ferrari's sophomore Felipe Massa will each earn $10m next year. A lot of money for some proven talent, but even at the bottom of the scale, drivers such as Robert Kubica (BMW), GP2 champion Lewis Hamilton (McLaren) and Heikki Kovalainen (Renault) will be making about $2.8m each. It should be a very entertaining season for the fans and the drivers.

Reader Comments (Page 1 of 1)

Add your comments

Please keep your comments relevant to this blog entry. Email addresses are never displayed, but they are required to confirm your comments.

When you enter your name and email address, you'll be sent a link to confirm your comment, and a password. To leave another comment, just use that password.

To create a live link, simply type the URL (including http://) or email address and we will make it a live link for you. You can put up to 3 URLs in your comments. Line breaks and paragraphs are automatically converted — no need to use <p> or <br /> tags.








Autoblog Podcast #155: 'Twas the night before LA...

Chris, Dan, and Editor Paukert go over some LA Preview action and quietly whoop it up on the podcast.

 
 

Featured Galleries

  • Spy Shots: Baby Buick caught in Germany
  • 2011 Aston Martin Rapide
  • LA 2009: Allard J2X MkII
  • LA 2009: 2010 Spyker C8 Aileron Spyder
  • Cornell's SAE Baja buggy tour and test drive
  • 2010 Range Rover Sport Autobiography
  • 2010 Hyundai Tucson
  • LA 2009: 2010 Subaru Impreza WRX STI Special Edition
  • LA 2009: 2011 Ford Mustang V6
  • LA 2009: 2010 Porsche Boxster Spyder
  • LA 2009: Scion xB Release Series 7.0
  • LA 2009: 2011 Ford Fiesta

AOL Autos

Find Your Next Car

Autoblog Video


Autoblog Green

Daily Finance

Download Squad

Engadget

Joystiq

Autoblog Spanish

Switched.com

FanHouse

Asylum