Guaranteed money, no purses for IRL?

Guaranteed money, no purses for IRL?

There are 94 comments on the The Indianapolis Star story from Sep 13, 2007, titled Guaranteed money, no purses for IRL?. In it, The Indianapolis Star reports that:

Indy Racing League officials could know as early as today if a new financial system for rewarding IndyCar Series teams will be in effect in 2008.

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

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Ronald

United States

#1 Sep 14, 2007
The great thing about racing is that it is a celebration of Capitalism. The best continue to work hard to win the riches.

This sounds a lot like communism. The incentive to go the extra distance to be the best will be gone. Everyone will settle for mediocrity.

I am a big supporter of the IRL and Tony George, but this is a terrible idea.
RIckeyBobby76

Palo Alto, CA

#2 Sep 14, 2007
This is just going to add more Mikla Duno's w/guaranteed money.

Bad Idea
sealionindy

United States

#3 Sep 14, 2007
You either limit the owners number of cars or you have some kind of parity..which is it?
Kevin

Goldsmith, IN

#4 Sep 14, 2007
Of course the bashers here will sound off on this thread. Nothing is a good idea to them. There's a reason none of them are decision makers for the sport.
Libetarians for Bartman

Indianapolis, IN

#5 Sep 14, 2007
They need more cars and teams. Christ was the supreme socialist of our era. Deal with it. Quit listening to those goofs on corporate talk radio. I am beginning to think that greed is one of the worst sins in God's eyes. It's easily hidden and most don't even recognize it as being a sin at all. The entire NFL is based on socialism yet people don't complain because of the gambling. Shared revenue works for them. TG is the MAN. Go IRL.!
Kumar

Brownsburg, IN

#6 Sep 14, 2007
This actually sounds reasonable. You have only to look as far as F1 to see what the extremes in funding will get you.

This will probably help keep the lower budget teams competitive, as well as allowing more startups in. The high end teams will still be high end though, that's what the $pon$or$hip$ are for.

One side bonus, you won't have chumps 2 laps down clogging the track trying to get a bigger payout by trying to race another chump 2 laps down in front of the leaders.
caribe18

New Philadelphia, OH

#7 Sep 14, 2007
Kevin -It appears to me that the "decision makers" have not done a very good job. Look at the EMPTY seats and the low TV ratings. What is wrong with rewarding hard work and sucess ???
IRL in Trouble

Chicago, IL

#9 Sep 14, 2007
So only the Indy500 will matter next year? Why will the teams be racing at the other tracks? Where's the incentive? I see everyone getting in line and following each other. Why race hard when you are guaranteed earnings? I don't feel the potential for "sponsorship" is good enough reason. I don't feel winning a trophy is good enough. Will drivers receive bonuses for finishing in the top 3? This plas seems silly. I know IRL is trying to attract and keep teams/cars, but they should be wooing more big-time sponsors, not teams.
IRL in Trouble

Chicago, IL

#12 Sep 14, 2007
Kumar wrote:
This actually sounds reasonable. You have only to look as far as F1 to see what the extremes in funding will get you.
This will probably help keep the lower budget teams competitive, as well as allowing more startups in. The high end teams will still be high end though, that's what the $pon$or$hip$ are for.
One side bonus, you won't have chumps 2 laps down clogging the track trying to get a bigger payout by trying to race another chump 2 laps down in front of the leaders.
Wow, you are right. Those 2 chump cars will just follow each other at 20 mph slower than the leaders until the checkered. I foresee the leaders doing the same thing. That sounds like a fun race to watch, doesn't it? You know there will still be slower cars, because there will be "mis-management" of the money by some teams. Racing is all about being better than the guy next to you. It's human nature to be competitive and try to out-do others. There has to be incentive for people to perform at their best. Otherwise, we'll see them just going through the motions to get to the end of the day.
what the -

Chicago, IL

#13 Sep 14, 2007
So that's why the top IRL drivers want to leave the series.

“Waiting to inhale”

Since: Feb 07

Chicago

#14 Sep 14, 2007
Revenue sharing sounds like a capitalistic idea to me.

This is very expensive racing to participate in; it needs to be more economically viable.

The IRL needs more, better teams in the field. Right now there are three super teams running with back markers. I think we all agree that this has become redundant. If it becomes even slightly more viable for smaller teams to budget, it means a stronger league. This isn't the whole answer, but it could prove to prime the pump in a way that allows for 24-28 car fields; maybe at least 40, once again, going for 33 spots at Indy.

“Waiting to inhale”

Since: Feb 07

Chicago

#16 Sep 14, 2007
Robin Miller cites a sampling of owners in this article---including Mike Hull from Ganassi---who express support, in theory, for the revenue sharing plan.

http://www.speedtv.com/articles/auto/indycar/...
JimF

Cincinnati, OH

#17 Sep 14, 2007
This is quite interesting. This is the formula that Penske wanted, IMS refused and we ended up with the original split into two leagues. If this would get all open car racing back together, would be great. The series cannot survive if they cannot get more competition.
JLE

Bridgeport, WV

#18 Sep 14, 2007
This proposal means the IRL essentially becomes one big exhibition with nothing on the line. Bad idea. Merge with CART and you might have a chance in gaining back all those open wheel fans that vanished.

“Deport All Illegal Aliens!!”

Since: Jul 07

Speedway, Indiana

#19 Sep 14, 2007
What really matters here is car count, not at Indy, but at the other races. In the 70s through the 90s, typical car count was 24-30,depending on the venue. The current car count 18-20, is unacceptable, especially at larger tracks.

Two other things to consider are that Brian Barnhart and the IRL can simply pull a slower car off the track if they choose. After investing so much money just for the opportunity to participate, how can a team and sponsor be convinced to come back when their car was simply removed from the race? While I understand the reasoning, the long term ramifications must be reviewed.

Additionally, what is to stop a small team from taking the green flag at Indy and just pulling in? The payout for last at Indy will be almost the same as for 10th. From the financial standpoint, many of the small teams have no incentive to actually race their car. The risk far exceeds the reward.

These are some of the many factors the IRL must consider before implementing a new purse plan. The new proposal basically just pays for the engine lease, which was always a point of contention for smaller teams.
Democrat in Indy

United States

#20 Sep 14, 2007
So backmarker teams like Fisher's that don't put butts in seats would get a 50% raise?
Old Guy

Noblesville, IN

#21 Sep 14, 2007
IRL guaranteed money may be good business, but it isn't racing. Signs on the sides of buses would get the sponsors more exposure. If you can't afford it, race something else. If it goes through, the best racing in Indy will be the Quartermidgets at the Fairgrounds.

Who cares about Ashley Judd (unless she's posing in Danica's red leather panties)?

Danica Patric most popular? See above.

Brian Clausen a headliner? He's a highly promoted kid who's lucky to have survived his own inexperience. If there's a headliner, it's last year's returning PRA Champ Chet Fillip.

Once again Curtie has collated the spew from his fax machine and called it a story.
Bye Bye Open Wheelers

Indianapolis, IN

#22 Sep 14, 2007
Revenue sharing implies there's revenue to share. This is just Tony George pumping in more money to keep the series and the small teams alive. And WOW a 20% increase in Indy's purse. I think he's got to pump it up 500% to match the Daytona 500's. Go Daddy... when you Peak you win... I am Indy. NOT!
staggerlee

Wyocena, WI

#23 Sep 14, 2007
This sounds exactly like Nascar. You have 4 or 5 super teams in Nascar and they win virtually all the races, all the time. The rest of the Nascar field is just also ran fillers and Nascar's "point system" guarantees them a paycheck. One only has to look back at Darrell Waltrip, the welfare queen of Nascar to see that point.
It's hard to argue that IRL doesn't need some help, some type of incentive to broaden the field competively, if this helps, I'm all for it. The IRL has, in my opinion, the best racing on the tube today, virtually every race comes down to tenths & hundreths of seconds, but I really long for the good old days of the 60's 70's & 80's when it was literally, "run what you brung".
I really wish T. George would have stuck to his original conception of the IRL as an oval circuit venue with drivers from the sprint car world. But, as Belushi would have said, "But noooooooo!"
JJJ

Noblesville, IN

#24 Sep 14, 2007
This is another desparate attempt to have enough cars in the series next year. Everytime Tony tries to fix the IRL it gets worse. Pro wrestlers don't get a purse for their matches either!

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