F1 News, Views and Reviews

Button Agrees To Slash Wages For 2009

Jenson Button has allegedly agreed to cut his wage retainer in half to stay with the reformed Honda F1 Team under the name of “Brackley F1”.

Button looked unlikely to gain a seat for the forthcoming season after Honda pulled out of the sport at the end of 2008, however with the management buy out from Brawn the future is looking distinctly more rosy for the British driver and his former team mate Brazilian Rubens Barrichello.

The Daily Telegraph reports that Button was on a $15million retainer in 2008, and he will cut that in half to $7.5million.

He is also cutting his wages because of the large number of job losses expected.  Around 300 staff of 700 will be made redundant, but under Ross Brawn they are likely to get a better payout than they would have done if the team had folder the newspaper said.

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