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26 Oct 2003, 17:49 (Ref:763770)
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#1 | ||
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Veteran
Join Date: Jun 2001
Posts: 8,125
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Prizemoney
The most frequent motorsport question my friends ask me is,
"Who gets the prizemoney?" And I always answer, "I dunno." Who reaps the riches? Is it written into each individual contract, all the way down the line? Are percentages split between driver, team and sponsor? Do higher-profile drivers have better contracts, affording them a bigger slice of the pie? Or does the driver get all of it? The oversized cardboard cheques they present for photo ops have the driver's name on them, afterall! How does it all work? Anybody know? |
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26 Oct 2003, 18:13 (Ref:763801)
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#2 | ||
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Veteran
Join Date: Jun 2002
Posts: 1,301
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Here is an article about it. It applies specifically to Nascar but I would guess is similar to all top level motorsport. Prize Money Article
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__________________
A good friend will come bail you out of jail. A true freind will be sitting next to you saying "Damn...that was fun!" |
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26 Oct 2003, 18:26 (Ref:763811)
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#3 | ||
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Veteran
Join Date: Jun 2001
Posts: 8,125
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Thanks, Flatspot.
"Like athletes in team sports, drivers negotiate contracts with team owners on a yearly or multiyear basis at certain salaries. They also generally receive a percentage of the team's winnings, usually 35 to 40 percent of the published purses. Some teams have similar arrangements with crew chiefs, who also are under contract and receive a percentage of the winnings. Drivers also receive bonuses for winning races and top-five and top-10 finishes, as well as where they finish in the points standings." |
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__________________
Don't make a fuss, just get on the bus! |
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27 Oct 2003, 00:50 (Ref:764026)
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#4 | ||
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Veteran
Join Date: Feb 2003
Posts: 996
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I don't think the sponsors get any of the prize money. The article didn't mention it though.
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27 Oct 2003, 21:03 (Ref:765029)
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#5 | ||
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Veteran
Join Date: Feb 2003
Posts: 3,183
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What about the fans?
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27 Oct 2003, 22:43 (Ref:765152)
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#6 | ||
 Race Official1% Club
Join Date: Dec 2002
Posts: 46,787
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The sponsors get a cut of the merchandising, primarily because its their business name earning the dollars I expect!
It is said that Budweiser's involvement in NASCAR is fully self-funding from merchandise sales income |
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__________________
Happy David Thexton Day, 21st March 2003 “I am not uncertain” - Dollar Bill Stern, Billions “Fear stimulates my imagination” - Don Draper, Mad Men “Everybody Lies” - Dr Gregory House, House “Trust But Verify” - Commissioner Frank Reagan, Blue Bloods |
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