IndyCar to guarantee $1.2 million per...

IndyCar to guarantee $1.2 million per car in 2008

There are 64 comments on the The Indianapolis Star story from Oct 2, 2007, titled IndyCar to guarantee $1.2 million per car in 2008. In it, The Indianapolis Star reports that:

The IndyCar Series unveiled its new earnings distribution plan today guaranteeing a minimum of $1.2 million to each car entered for the full 2008 season.

Join the discussion below, or Read more at The Indianapolis Star.

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grilled red herring

Elmhurst, IL

#75 Oct 3, 2007
Why do you ignore the fact that George offered CART partnership in the IRL ideas several years before the split and was treated like a fool?

"Nothing preventing George from joining them?"

See...this is the exact petulant arrogance I'm talking about! It was George's family's track. His primary area of responsibility was and is to the legacy of that iconic event. If he felt like there were too many non-oval, non-IMS-style events, which there were, fewer and fewer opportunities for smaller-budget teams, which there also were, it was his responsibility to act. Those concerns were ignored.

I can't believe I'm arguing this with you because it is SUCH ancient history that matters NOT in 2007...but I repeat: Once the formation of a modest set of four or five ovals which did not compete with CART's 1996 races was announced, with a formula that was consistent with CART's, how did CART react?

Your answer is factually laid out in the 1500-word letter from George that YOU cite as some sort of proof that supports your case. I've never heard this kind of spin before...Robin...that's not you ...is it???
SCCA

Erlanger, KY

#76 Oct 4, 2007
The Anti-Carson wrote:
<quoted text>
Exactly! When you turn any product into a generic, it looses it's appeal. The IRL or, perhaps, a new open-wheel series, which looks to the past for the obvious clues which made it so successful, will be a winner.
Uhm, I'm against Indy Car spec racing, too. But they are not always a failure. Look at NASCAR. You think that's not spec? Can anybody tell me the difference between a Dodge and a Toyota in NASCAR? The only difference in those cars is the badge on the grill. Car of Tomorrow? Totally spec.
Skip-SC

Columbia, SC

#77 Oct 4, 2007
red herring alert wrote:
...25-8 rule was brinkmanship...no doubt. But why do you ignore the petulant behavior that CART exhibited first? Chronology is chronology.
<quoted text>
And, chronology being what it is, it goes back even further than that. If you recall, back in the early 1970's USAC ran open wheel racing. CART was formed way back then by a few petulant owners who wanted to take the sport in their own direction.

They were willing to spend enough money to drive USAC out of championship open wheel racing, mostly because the Hulman/George family sat on the sidelines and let them have their dispute, allowing both series to race at Indy, under the umbrella of the IMS as the sanctioning body of the 500.

Meantime, the costs involved in racing skyrocketed and most of the smaller teams were financially strapped, even with the significantly larger sponsorships available in those days.

Tony George, like it or not, came up with a workable, lower-tech formula to attempt to keep the costs of racing down so that more teams could compete financially. Has it become "spec racing?" Sure, and that's hurt the sport significantly.

Hulman/George family did not sit on the sidelines, and when CART tried to run their own race opposite the Indy 500, it lasted, what, 1 year? And, they bent all kinds of established rules to have anything like a field to run that!(Remember the opening crash that resulted in about half the field wheeling out back-up cars?)

No, I do not agree with everything the Hulman (now)George family has done, but the fact remains, they OWN the Indianapolis Motor Speedway and they are NOT going to go away. They OWN the most valuable piece of real estate in motor racing, and will do whatever it takes to keep that real estate viable.

Sure, it eats at a lot of the haters that they can't make Tony George go away, but unless and until he fails to pay property taxes on the real estate, that's the way it is.
Raptor168

San Francisco, CA

#78 Feb 24, 2008
Well, Herring, I have to disagree. The Indy 500 is not an iconic event any longer; it's a joke. You don't have the best drivers running in it and you sure as hell don't have a car running out there that is worthy. People just go "because it's the 500". Sorry, not good enough for me.

Hopefully the merger will bring American open wheel (and the Indy 500 in particular) back to the elite status it once had. It won't happen over night but there is room for optimism. But like Skip-SC said, unfortunately we can't make Tony George go away, so I'm not holding my breath. But I'm hoping...

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