F1: Teams Cost Cap increased $1 million for 2023

F1 teams will be able to spend extra money due to a simple 2023 rule change. Constructors will be able to use $1million more than last season after F1 bosses decided to extend the number of sprint races from three to six.

Last season, teams were allowed to deduct $150,000 per sprint session from their overall yearly costs. They were also given an extra $100,000 allowance if a car was damaged in a sprint race.

For 2023, the extra allowance has been increased to $300,000 but they will be handed no extra safety net for crashes. Over the course of the six races, teams will get $1.8m compared to just $0.8m last season.