Revenue Sharing
In an effort to enhance full-time participation, the IndyCar Series announced a revenue sharing plan entitled IndyCar TEAM (Team Enhancement and Allocation Matrix) for 2008. The details are as follows:
- Teams will receive a minimum of US$1.2 million for each car competing in the full schedule.
- Race purses will be eliminated for all events except for the Indianapolis 500.
- The top five finishers in each race are eligible for special cash bonuses.
- The total purse for the 2008 Indianapolis 500 will increase with the winner receiving US$2.5 million, 33rd place paying no less than $270,000. Indy-only entries will be eligible for the $270,000 minimum along with the full-season entries. The entire race purse will total at least US$13.4 million, not including contingency awards. In 2007, race winner Dario Franchitti received $1,645,233, and last place Roberto Moreno won $224,805.
- The season champion will win $1 million, as has been in seasons' past. Second through fifth in the season championship will be eligible for cash bonuses.
Read more about this topic: 2008 Indy Car Series Season
Famous quotes containing the words revenue and/or sharing:
“If you tax too high, the revenue will yield nothing.”
—Ralph Waldo Emerson (1803–1882)
“By sharing the information and observations with the caregiver, you have a chance to see your child through another pair of eyes. Because she has some distance and objectivity, a caregiver often sees things that a parent’s total involvement with her child doesn’t allow.”
—Amy Laura Dombro (20th century)