Imagine if F1 did something similar to soccer (but with a few changes): There's a list of candidates that fulfil the requisites, and they're are given a score depending on how good their proposal is.
If a team finishes 2 years in a row in the last position (or 3 non-consecutive times in the last 5 years), it's demoted to candidate again and exits the sport, and the candidate with the better candidacy enters the sport, where they have 2 years to try to improve and get out of the last position.
So far, Williams and Haas have been swapping the last position, and one of them could've been thrown out already. I particularly disliked Gene Haas "I don't care if I finish last, it works for me" attitude, it's just mediocrity, and not good for the sport, specially if there's a good candidate waiting.
Could something like this work?