winnings

[erikh]

How does Nascar figure out or set the amount of money that is paid out to each racer for their "winnings?" I was looking at the winnings from last week at the Daytona 500 and there were some racers that got paid more than others despite finishing way behind or even out of the race. For example, Carl Edwards got more winnings than Robby Gordon.

Thanks.

erik

[Offspring]

You thought car numbers were confusing, it ain't nothing compared to the race pay-outs....I do know that the large teams participate in a winners circle payout deal, so Edwards larger payday has to do with Rousch racing and their past performance....RG posted large payouts when he was with RCR because of RC's past performance and his participation in that program....There is a ton more that goes into it, and except for an occasional look at it, I don't pay much attention to the $ won...I do know the brickyard payout is very high...

[spalind]

How does Nascar figure out or set the amount of money that is paid out to each racer for their "winnings?" I was looking at the winnings from last week at the Daytona 500 and there were some racers that got paid more than others despite finishing way behind or even out of the race. For example, Carl Edwards got more winnings than Robby Gordon.

Thanks.

erik

Not sure but same thing occured this week--ESPN shows RG taking home approx. $95K from todays race but a # of drivers below home taking home $109K or more....I would assume it has to do with qualifying, laps led, sponsors, etc., but I'm not sure...
Regardless....Thats over $380K Robby has made in the past 8 days...not bad...not bad at all...

[14802]

Not sure but same thing occured this week--ESPN shows RG taking home approx. $95K from todays race but a # of drivers below home taking home $109K or more....I would assume it has to do with qualifying, laps led, sponsors, etc., but I'm not sure...
Regardless....Thats over $380K Robby has made in the past 8 days...not bad...not bad at all...
Not too bad until you start to pay for your team's wage's, transportation fee's, motor's from D.E.I. chassis fab, and testing....I catch your drift, he is doing alot better than last year. He as a owner is spending alot more to gain better results..But as far as 380k,That does not go to far in Nascar...

[FlyHiFlyLo]

Here is a "basic" payout explaination from Nascar dot com.

Who wins what amount of money from competing in a NASCAR Nextel Cup Series race can seem like a complicated process -- with the most compelling question being how a driver that finishes far back can win more money than a driver that finishes in the top 10?

An example would be the 2002 Old Dominion 500 at Martinsville Speedway, where Jimmie Johnson won $49,550 for his sixth place finish, while Jeff Gordon won $90,753 -- the fifth highest payout in the race -- for his 36th place result.

The biggest reason for the money disparity is in the bonus programs that Gordon, as the defending champion and driving for one of the leading winners in the series, Hendrick Motorsports, is eligible for more special award plans than a newer team, such as Johnson's first-year operation, is.

As convoluted as it seems, the process is actually fairly simple and is regulated by the entry blanks that the NASCAR Competition Department issues in advance of each event.

Each race carries a purse figure, or its "posted awards."

The purse is comprised of a number of segments, including the racing purse; television awards; car owner special award plans, including the Winner's Circle Program; and a list of qualifying and special awards that may or may not be paid depending on the eligibility of the driver finishing in the appropriate position.

The racing purse breakdown designates a set amount for positions 1-43 that decreases on a sliding scale. "Television Awards" are also posted for each position, using the same sliding scale from first to 43rd.

NASCAR Nextel Cup team owners may participate in special award plans, such as "Plan 1," which allows for a set figure for each owner. Car owners participating in Plan 1c win money for their finishing position in relation to the other owners in the plan, again on a decreasing scale.

Those owners participating in the NASCAR Nextel Cup Series Car/Champion Owner Program are also entitled to additional awards, per the regulations of the program.

Among the largest special awards at each race are the NASCAR Nextel Leader Bonus, Time Trial Awards and the Gatorade Front Runner Award.

The Nextel Leader Bonus is a modern day version of "Studebaker money." The money is available to the race winner IF he is also leading the Nextel Cup standings after the event. If the winner is not the point leader, the money -- which accrues at the rate of $10,000 per event -- is not paid.

The Gatorade Front Runner Award, $10,000, goes to the driver that leads the most laps in the race, regardless of finishing position.

Most of the other manufacturers' and special award prizes are contingent on using the products and displaying uniform patches or decals.

At certain events special prizes are awarded to the leader of each lap in the race.

These days, about 75 percent of the posted awards are paid after each event, per the official NASCAR race report. The balance of the posted awards is the "Manufacturer's Point Fund Awards," a prorated share of nearly $15 million in manufacturer and sponsor funds that are distributed at the end of the season.

While a certain portion of each purse is guaranteed to be paid after the event, some of the cash is what formerly was referred to as Studebaker money, placed in the purse simply for appearance sake.

The term refers to money offered on a purse, say "$10,000 to the winner if he is driving a Studebaker." The $10,000 would be reflected in the total posted awards, making them more impressive, but the chance of a Studebaker winning would be miniscule.

[erikh]

Well, that surely answers my question. Thanks.

erik

[FlyHiFlyLo]

Well, that surely answers my question. Thanks.

erik

Glad to be of help. :)

[younggunracer]

Well if thats not confusing. Nascar sounds like a pretty political orginization. I like the show up and race method myself. Although I wouldnt mind taking home 100k from a race either.

[Bricoop]

Well if thats not confusing. Nascar sounds like a pretty political orginization. I like the show up and race method myself. Although I wouldnt mind taking home 100k from a race either.

Young gun you are completely correct, there are a lot of politics in Nascar, That is why they put in the top 35 rule,the rich get richer. Also that is why they are looking for any "debris" on the track anytime a top name guy goes a lap fown, like Dale Jr. on Sat. Seems unfair..."But that's racing."

COOP

[transformed]

So how much does someone like Robby Gordon, an owner-drive, depend on race winnings? I know all money helps but how much is he depending on winning to "stay alive?"

[Bricoop]

Race winnings will help, but they arn't that influential in the grand scheme of things. Of Course Robby really likes the extra 3 or so mil in his pocket, but It's not huge compared to the 20+ mil. that sponsors pour on each team.

[FlyHiFlyLo]

You need 10M a year minimum to run a GOOD team. Winnings help BIG-TIME.

Driver/owner usually a 50/50 split on winnings after their base contract.

For instance; a driver would sign a contract for 3 years. A fair driver 3rd year (mid packer)

Would sign for 500,000.00 a year. Get a % of merchandise (5-20%) and split the winnings. make the chase 250K bonus, Win the Championship 1M bonus. Driver contracts can even include a percentage of new sponsorship they bring to the table (even for a teammates car)

(Before anybody chimes in and starts puking their guts out, yes all contracts are different and closely guarded)

So RG gets a 100%/100% split LOL

The thing with Robby's deal is, The driver's take is Robby's take and the owner's take is Robby's take. So instead of having to feed a driver's ego and family. And the owner taking his portion home to his family. All of RG's funds go into his hobby...RACING and RGM

As for the merchandise, Robby has always required his owners to have his Robby Gordon (flag logo) on his cars. This way the cars and his merchandise can't be duplicated unless they have an agreement with Robby to use his trademark not just the team owner(very smart)