In August of 2018, I decided to take a shot at creating the perameters of an F1 salary cap. Compared to this, https://www.racefans.net/2019/06/07/det ... -revealed/
I got remarkably close.
Here was my idea then:
1. Centralized financial management
Centralized Financial Management + Design/Manufacturing Constraints
-F1 centralizes all team operational finances.
-Annual cost budget cap set & paid into F1 in installments over the racing season, offset partially by annual payout to teams.
-All team costs & expenses are requested through F1 & paid directly by F1.
-Teams spend/allocate budget any way they choose.
-Exclusions: All factory hard costs. Facility, equipment, maintenance, etc. All non-direct racing costs(entertainment, promotion, track chalets, etc.). Driver cost.
-Shipping & team travel costs costs to be coordinated & paid directly by F1, not as a part of this budget.
-Central, F1 owned & operated cloud computing for CFD. All teams use this system. Work on system is private. F1 can only monitor time & data usage to optimize & improve scale at all times. This will eliminate the needless duplication & waste of resources of individual team systems while allowing for one system to be maintained or upgraded at the highest technological level available at all times. Unlimited use, limited only by the choice of allocation of personnel cost as a part of each team’s budget cap.
-Wind tunnel usage unlimited (as with CFD usage, limited only by the choice of allocation of personnel cost + wind tunnel operation cost as a part of each team’s budget cap).
Notes:
-Best planning & budgeting, identification & use of top engineering talent, efficient allocation of resources, etc., will have the greatest advantage. Human creativity & leadership will again move to the forefront.
-Combined with more flexibility & simplified rules, teams will create varying design solutions & choices.