Indy Lights Salaries?

Sideswipe · 10 Aug 2009, 15:52 (Ref:2518909)

Just having a look on the driver profiles on the Indy Lights site (http://www.indycar.com/pro/drivers/) and noticed most of the drivers have "earnings" over $50,000 and some over $200,000. Is this total career earnings, Indy Lights prize fund earnings or salaries they are paid by the teams?

Sideswipe

duke_toaster · 10 Aug 2009, 17:53 (Ref:2518984)

Career earnings probably - they're almost certainly paying the teams not the other way round.

Mak · 10 Aug 2009, 18:08 (Ref:2518999)

It is prize monies awarded in Lights series over their career, But I supose it has to be viewed in the contexts of the +1 mill. budgets/per season that they are paying to the teams to run them.

Jay · 10 Aug 2009, 20:07 (Ref:2519090)

Salaries? Is there any driver getting a salary in any junior open wheel formula?

duke_toaster · 10 Aug 2009, 20:18 (Ref:2519098)

Almost certainly no, although I do remember hearing something about one or two GP2 drivers being paid. Supposedly some BTCC drivers are paid (Neal, Gio, Colin Turkington and the SEAT guys before they pulled out) but that was before the economic climate changed and a subject for another thread.

Alex K · 12 Aug 2009, 00:58 (Ref:2519903)

Some of them may just be paid their salaries, or pocke money, hored cars or rented accomodation fees, from their sponsors. There are drivers in junior level that are paid for doing their job...

Mak · 12 Aug 2009, 09:00 (Ref:2520070)

Quote:

Originally Posted by Alex K

Some of them may just be paid their salaries, or pocke money, hored cars or rented accomodation fees, from their sponsors. There are drivers in junior level that are paid for doing their job...

Yeh! by their dads!

Alex K · 12 Aug 2009, 21:10 (Ref:2520459)

Not necessery, also by sponsors.

Jay · 13 Aug 2009, 00:18 (Ref:2520538)

Quote:

Originally Posted by Alex K

Not necessery, also by sponsors.

I'm not sure about Europe and Britain, but for the North American series I know, sponsorship would go entirely to funding the ride...and usually not cover all of it. When all expenses are accounted for, I doubt any junior series drivers have anything left they could call a "salary". Hence, I think Mak's comment is mostly accurate.

Mak · 13 Aug 2009, 11:46 (Ref:2520753)

Quote:

Originally Posted by Jay

I'm not sure about Europe and Britain, but for the North American series I know, sponsorship would go entirely to funding the ride...and usually not cover all of it. When all expenses are accounted for, I doubt any junior series drivers have anything left they could call a "salary". Hence, I think Mak's comment is mostly accurate.

UK and Europe most drivers have drives funded by family.

Redracer77 · 13 Aug 2009, 16:54 (Ref:2520906)

Prize money is very good in Indy Lights. It is normally up to the driver to negotiate a deal with his/her team with regards to prize money. Some teams might take a flier on a good driver and offer a cheap deal but then take all the prize money to offset the costs. Some drivers who pay full budgets will get all the prize money again to offset the fees he/she is paying to the team. I know last years Atlantic champion pocketed over $1million after paying the team....

Redracer77 · 13 Aug 2009, 16:56 (Ref:2520908)

the earnings on the website is just for this season

Jay · 14 Aug 2009, 02:51 (Ref:2521141)

Quote:

Originally Posted by Redracer77

I know last years Atlantic champion pocketed over $1million after paying the team....

Are you talking about Markus Niemela? The one who was in a legal dispute with his team last year to try and recoup winnings that the team claimed were rightfully theirs? I never did hear how that turned out... Or is the $1mil you're referring to from Indy Lights?

mountainstar · 14 Aug 2009, 21:11 (Ref:2521590)

Yes there are drivers in junior formula that have banked salaries or that take a cut of the sponsorship they bring.

Also in american formula with prize money, often if the driver pays full freight for a ride also keeps the prize money, which is fair enough considering the driver is paying the bills.

JOWT Blog · 20 Aug 2009, 20:31 (Ref:2525208)

Quote:

Originally Posted by mountainstar

Yes there are drivers in junior formula that have banked salaries or that take a cut of the sponsorship they bring.

Also in american formula with prize money, often if the driver pays full freight for a ride also keeps the prize money, which is fair enough considering the driver is paying the bills.

Actually the sponsors are most likely paying the bills, but I'm guessing they never see any prize money.

blue40 · 24 Aug 2009, 03:22 (Ref:2527046)

There have been fully funded rides in both Atlantic and Lights in the past few years.

Sierra Sierra ran Matos in Atlantic in 06 and 07, fully funded with a small salary. Same year Newman Wachs ran two cars fully funded.

Sam Schmidt ran the no 11 Lucas Oil car as a fully funded ride with small salary and prize money cut until 07.

AFS ran a funded car in 06,07 and 08 with small salary and prize money cut. Team 3G ran a funded ride for Bobby Wilson last year.

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