Aussie F1 driver Ricciardo agrees to cut multi-million dollar salary
Sydney/Xinhua/UNI: Australian F1 driver Daniel Ricciardo will take a cut to his multi-million dollar salary in order to help his team, Renault weather the COVID-19 pandemic, French newspaper L'Equipe reported on Wednesday.
Ricciardo is among the world's highest paid sportspeople, with a reported annual salary of 25 million US dollars.
Renault's F1 boss, Cyril Abiteboul, told the paper that the 30-year-old has agreed to take a pay cut, with negotiation of his contract due for 2020 regardless since switching from Red Bull the year before.
F1's season-opening race in Melbourne, scheduled for March 15, was cancelled at the last minute with the Monaco Grand Prix also subsequently axed.
Image: Wikimedia Commons
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