Drivers' Salaries... by Auto Action...

[D.R.T.]

Originally Posted by rich07

Really?

Wondering how long that has been the case for. Always thought there was prize money (apart from the pole money) but it wasnt anything substantial but something neverless.

I believe when AVESCO took over in 1997 that all prize money was removed in favour of REC payments to the teams.

[Umai Naa]

The REC setup didn't come into play til 2000/2001, didn't it?

Before that, teams were level 1, 2, 3, but not sure what was in place when AVESCO happened.

[Tourer]

Originally Posted by D.R.T.

I believe when AVESCO took over in 1997 that all prize money was removed in favour of REC payments to the teams.

Nah, prize money was still paid - just much bigger amounts than teams had ever received from promoters.

Somewhere around 2002 it changed to be a higher proportion as appearance money but prize money still existed.

Not sure about current situation, might have done away with prize money now & just stuck with appearance money - either way prize money was still there quite some years after 97.

[Denosaur]

Prize money is still paid, its just considered rude here for some reason to advertise it, so they call it appearance money......

Just find the court documents from the Longhurst/Dynamik case and you'll see they made about $500-600K for the mid to back of the pack run they had one year.

[peckstar]

RNR received $535,433 appearance or prize money in the 2006 season. As at 30 April 2007 RNR had received $161,558 appearance or prize money in respect of the 2007 season. Mr Nash anticipates that a further $415,000 will be received by the end of the season