Team and Driver Caps coming in........

retro · 29 Jun 2006, 07:22 (Ref:1643914)

No link to this and it's not from Crikey........wait until I have a **** shower and shave and I will put up the details....

...or will I scan it in and send it out.

it's by Gordon Lomas.

HRT433 · 29 Jun 2006, 08:40 (Ref:1643981)

caps....I assume you're not talking about the ones you wear on you head, so you must be referring to salary caps...

peckstar · 29 Jun 2006, 08:45 (Ref:1643987)

isnt that old news from a few weeks ago

DAVID PATERSON · 29 Jun 2006, 08:47 (Ref:1643988)

Quote:

Originally Posted by retro

it's by Gordon Lomas.

He's almost as reliable as Auto Fiction.

If they are serious about bringing this sort of thing in, then they better have an army of forensic accountants and lawyers on standby.

retro · 29 Jun 2006, 09:00 (Ref:1644004)

Quote:

Sweeping reforms will be introduced to v8 supercars from next season with team salary caps set to become the saviour of the sport

Quote:

An advisory board independent of v8 racing is being set up to produce the final draft of the most comprehensive cost containment measure in domestic motor history .

Quote:

The far reaching plan will define how much a team can spend during a season , including drivers salaries.

Just a few snippets from a much bigger article.

If you want to see the whole article email me at nospamvortexgold@nospamhotmail.comnospam

take out the no spam......and I will return your email with a jpg scan of the feature.

retro · 29 Jun 2006, 09:04 (Ref:1644008)

Quote:

Originally Posted by DAVID PATERSON

He's almost as reliable as Auto Fiction.

If they are serious about bringing this sort of thing in, then they better have an army of forensic accountants and lawyers on standby.

It's Ross Oakley from the AFL thats doing it.

D.R.T. · 29 Jun 2006, 10:06 (Ref:1644055)

Quote:

Sweeping reforms will be introduced to v8 supercars from next season with team salary caps set to become the saviour of the sport

Well I guess thats one way to look at it.

**GTRMagic** · 29 Jun 2006, 10:10 (Ref:1644058)

All very interesting

mountainstar · 30 Jun 2006, 02:31 (Ref:1644569)

They tried that in the DTM in 2000 and it didn't work. There are too many ways around it.

Razor · 30 Jun 2006, 06:56 (Ref:1644643)

Same in the NRL Football

HRT433 · 30 Jun 2006, 11:39 (Ref:1644825)

so this is the same thing as was discussed on RPM several weeks ago?

***MagnetON*** · 30 Jun 2006, 11:54 (Ref:1644839)

Quote:

Originally Posted by retro

If you want to see the whole article email me at nospamvortexgold@nospamhotmail.comnospam

take out the no spam......and I will return your email with a jpg scan of the feature.

Of course you COULD have just said "PM Me with your e-mail address...."

racer69 · 30 Jun 2006, 18:21 (Ref:1645135)

Quote:

Originally Posted by Greg Barton

Same in the NRL Football

What is being proposed for V8Supercars is nothing like they have in the NRL.

And even if it was, it is obvious it is not working in the NRL.

retro · 1 Jul 2006, 04:35 (Ref:1645473)

Quote:

Originally Posted by MagnetON

Of course you COULD have just said "PM Me with your e-mail address...."

Thats 1 extra step in the process.

Armco Bender · 1 Jul 2006, 05:43 (Ref:1645480)

Quote:

What is being proposed for V8Supercars is nothing like they have in the NRL.

Wouldn't have to be a rocket scientist to come up with something better than that.Especially when the NRL can make exceptions to there own rules.

retro · 27 Jul 2006, 15:04 (Ref:1665978)

This link bought to you by the retro report

Quote:

ALARMED by spiralling costs, V8 Supercars Australia yesterday set up an independent review body to keep a lid on the booming sport.

Prominent Australian businessmen John Hewson, Ross Oakley and Roger Cook will work with V8 officials and teams to determine strategy and cost containment.

Quote:

The V8 Commission comes at a time of deep concern about a few wealthy teams dominating a sport which boasts 17 major teams of variable assets.

The skyrocketing prices for top-flight V8 drivers, some of whom have been poached on million-dollar salaries in the battle between Ford and Holden, have added to concerns.

Quote:

Some drivers in the sport earn more than $1 million per season and some teams are thought to spend more than $12 million.

The commission will review all financial aspects of the sport including turnover, sponsorship, licensing and business relations

emjaya · 28 Jul 2006, 02:13 (Ref:1666371)

Quote:

Overpaid drivers in spotlight
By Ray Kershler

Hmmm, I can't wait to see the drivers reaction to this.

mountainstar · 28 Jul 2006, 08:18 (Ref:1666469)

Quote:

Originally Posted by emjaya

Hmmm, I can't wait to see the drivers reaction to this.

The title of the story is stupid. Just how can someone say these guys are overpaid. Is there anyone here that believes they are overpaid for what they do?

rustyinsthoz · 28 Jul 2006, 09:25 (Ref:1666510)

Quote:

Originally Posted by mountainstar

The title of the story is stupid. Just how can someone say these guys are overpaid. Is there anyone here that believes they are overpaid for what they do?

Yep, they are overpaid.

Chatters · 28 Jul 2006, 10:51 (Ref:1666543)

I can't see this lasting long, I mean the teams aren't very far apart right now, so a Salary Cap will only limit the amount of development and stop the sport from becoming more competitive.

pink_bits · 29 Jul 2006, 06:35 (Ref:1666988)

Quote:

Originally Posted by mountainstar

The title of the story is stupid. Just how can someone say these guys are overpaid. Is there anyone here that believes they are overpaid for what they do?

Some are underpaid!!

Rombles1 · 30 Jul 2006, 05:16 (Ref:1667552)

Quote:

Originally Posted by pink_bits

Some are underpaid!!

Yeah, just ask them!

retro · 1 Aug 2006, 08:37 (Ref:1669690)

Larry speaks up

Quote:

TEAM owner Larry Perkins believes the overhaul of V8 Supercar spending should include a plan to promote rookies and help reduce current driver salaries.
With top drivers on salaries ranging from $500,000 to $1 million a season, Holden team owner Perkins wants the committee appointed to head up a commission into cost containment to look closely at what the sport's figureheads are paid.

Quote:

Perkins wants top drivers not to be allowed to participate in Friday practice sessions so rookies can have more time to develop their cars and improve driving performance.

"I don't want the point of the massively high costs of experienced drivers to be missed in this cost-containment exercise," said Perkins.

"We need a system where young drivers can jump into the main game and become competitive against the massive experience the others already have.

"If you can hire drivers at a quarter of the price and they can do the job, then of course that's the option a team owner would likely take.

"In turn, that brings down driver salaries and that in turn brings down overall team costs and in turn makes the business far more viable.

"I don't expect to make many friends among the top seven or eight drivers who earn massive dollars with my comments, but it's a starting point for discussion."

Perkins' proposal has drivers split into three groups: rookies, midfielders and top shelf.

Rookies would be drivers with less than two full seasons of V8 Supercar racing, midfielders between three to four seasons and top shelf drivers include former champions, round winners and successful drivers with more than four seasons of experience.

mountainstar · 2 Aug 2006, 07:37 (Ref:1670624)

I don't think perkins idea will go anywhere.

Capping driver salaries? Good Luck. They'll just top it up through personal sponsors, merchandising, "appearance" fees, etc.

I'm not a believer in restricting trade. Let the market decide. Anytime people try to manipulate a market it always ends up worse.

**GTRMagic** · 2 Aug 2006, 10:00 (Ref:1670755)

Is Mr Perkins argument a false economy though?

Is it cheaper to hire a driver at $500k who doesnt bend the car, or a young pup at $150k with a significantly higher likelihood of wallbanging?

We shall likely see Mr Price in the 2nd Jack Daniels car next season because he has shown talent, and is also likely not as expensive as Richo.

Will the results reflect the investment? Well I dont think there is a prize for the team with the lowest driver salary per points gained

Yet

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