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)
“To see ourselves as others see us can be eye-opening. To see others as sharing a nature with ourselves is the merest decency. But it is from the far more difficult achievement of seeing ourselves amongst others, as a local example of the forms human life has locally taken, a case among cases, a world among worlds, that the largeness of mind, without which objectivity is self- congratulation and tolerance a sham, comes.”
—Clifford Geertz (b. 1926)