I just read an article stating the men of NASCAR want more money paid to the winners of each race.
I don’t know how the pay goes now. I assume the drivers are under contract and receive a base salary, plus a percentage of winnings.
But now they are supposedly asking for a payout of about $1 MILLION to win a race. They claim Golfers often win as much as $1 Million. To give an example. January 16, 2011. The “Sony Open in Hawaii”. Matt Wilson won $900,000.00 (official money) for his win.
Professional Tennis. U.S, Open winner in 2010 won $2,700.000.00. That is a lot of money. They, like the NASCAR drivers, have contracts with support companies that provide them a pretty much guaranteed salary. But I do not believe they split this with the contractors and as far as I know they have no “OWNER”
Admittedly NASCAR drivers face more risk at a contest than do Tennis Players, or Golfers. I’m sure the crowds at a tennis match or golf tournament are smaller than the crowds that attend a NASCAR race. Where do these sports get that much money to pay out. The only thing I can think of is “CORPORATE SPONSORSHIP”. I don’t pretend to know how the finances of these sports are funded. I haven’t checked how much NASCAR gets for naming rights to the various races. I don’t know how much SONY paid to have their name on the Hawaiian Open. I rarely see a sponsor name on the Tennis matches. Where their money comes from is a mystery to me. I know Tennis players get sponsors that guarantee them money, usually for using and promoting their equipment. The same as Pro Golfers.
With less and less interest in NASCAR racing, I really don’t see them being able to match the payouts of Pro Golf or Pro Tennis. If I were a betting man I’d bet a substantial amount of these purses come from TELEVISION contracts. But as I said I really don’t know.
Good Luck NASCAR drivers.
That Is How I See It