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Formula 1 Prize Money: What Are the Rewards Per Race and Per Season?
Published: February 11, 2014
But how much of that money finds its way back to the teams? How much is a victory worth? Or the Constructors' Championship?
As with many questions in F1, there are no simple answers.
At the beginning of the 2013 season, F1 CEO Bernie Ecclestone explained that part of the deal to bring three new teams into the sport in 2010 had been that even teams finishing outside the top 10 would get a small share in the prize fund.
Going forward, though, Ecclestone told the Daily Telegraph:
We pay the top ten, that’s what we do. For three years we did something different because we had an agreement with [FIA president] Max [Mosley] but from now on we will pay the top ten and that is it.
This caused a stir, as one of the three new teams, HRT, had just withdrawn from the sport due to financial problems. That left Caterham and Marussia presumably battling for 10th place and the final prize money payout.
Based on a 13th-place finish at the Malaysian Grand Prix, Marussia claimed 10th in the Constructors' standings. As Caterham had finished 10th in the previous three years, this was something of an upset.
So, Marussia got paid and Caterham did not, right? Not quite.
Caterham's head of communications, Tom Webb, told me in a phone interview:
It's not the disastrous picture that was painted by many outside observers. Having achieved 10th place in the championship for our first three seasons, we became established as what's known as a Column 1 team. ... So for us, finishing 11th means slightly reduced prize money income, but it wasn't a case of 'all or nothing' as some people may have imagined it was.
Confused yet? You should be.
Lu...
Article Source: Bleacher Report - Formula 1
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