Prize money for constructors

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Post Thu Sep 01, 2011 8:24 pm

I know that teams finishing the year from 1st right down to tenth place in the constructors championship receive prize money but does anyone know how much money it is for each position?
As for the drivers championship, I know that most drivers receive a bonus from their team should they win or finish in a good position but do the drivers receive any compensation from the FIA?
Tyler
 
Joined: 6 Jul 2011

Post Thu Sep 01, 2011 8:48 pm

As I recall, the FIA only give prizes to the teams for the WCC positions.

I also recall WCC gets in the order on £100m, then roughly £10m less for each top slot. So the difference between 2nd and 3rd is more than enough to pay for Button's salary. That's why McLaren's strategy of two top drivers pays dividends over Ferrari's top driver plus a not quite so top driver.

Its not linear, lower down the grid the difference is only £2m or so.

Ps Google something like "F1 prize money" and there are a few article about it - I'm mobile at the moment so it's not easy for me to do that.
Richard
 
Joined: 15 Apr 2009
Location: UK

Post Thu Sep 01, 2011 9:01 pm

My figures from 2010, however adjust by arround 3.5% for 2011 as the P1 team gets arround €90m this year. My figures are estimates however, but the P1 figuree for P11 to P13 and P1 are exact, i worked out the rest by taking away from the one previous and the total figure of €658m that is given out to the teams.

P1 - 87
P2 - 81
P3 - 75
P4 - 70
P5 - 65
P6 - 61
P7 - 58
P8 - 56
P9 - 54
P10 - 53
P11 - 7.4
P12 - 7.8
P13 - 8.2

P1 to P3 = Column 1 Teams
P4 to P7 = Column 2a Teams
P8 to P10 = Column 2b Teams

P11 to P13 currently have no prise money given out just technichal and logistical support to the values quited from DHL. However without a P13 team the surplus here is distributed 55% to P12 and 45% to P11 .

However there are €100m of historical payments to the teams, Ferrari get €40m, McLaren €22.5m, Renault €20m and Williams €17.5m depending on their placement in the constructors table. If Williams came ahead of Renault they would get a €20m payment and not a €17.5m payment.

If a team leaves the Historical payments section, they will be replaced by the next longest serving team, whitch at present is Red Bull on 8 years, then it is STR on 7, Force India on 4 years and so on without a chassis name change. It should be Sauber i think, but they have changed chassis name from 2006 to 2009 to BMW Sauber and changed their chassis designation from a Cxx to a F1.0x designation.

Driver bonuses were phased out arround the turn of the millenium as the FOM and the FIA were starting to see pay drivers earning a living from points paying posistions in a couple of cases. Back then, it was £100,000 per point at each race.

Drivers are now paid to a base sallary and then paid the rest on bonus, it is usually 60% salary and 40% bonus, but Red Bull have up untill next year went with a new formuls where its 40% sallary and 60% bonus, this stops in 2012 seemingly when they will adopt a more equal 50/50 split. More teams are going to the same formula area now, i belive Mercedes and Force India are at 50/50 now. However some drivers are on specialist contracts and are exepted from the rule; Hamilton, Alonso and soon to be Vettel as well where they get paid as much as 80% salary and 20% bonus.

The FIA now dont deal in money, its FOM now, and Bernie dosnt give out money willy nilly.

2016 will see P1 get €222m from a prize pot of €1.575b whitch is a increase of over 120% by my estimate.
ESPImperium
 
Joined: 5 Apr 2008
Location: Glasgow, Scotland

Post Thu Sep 01, 2011 9:08 pm

I think your values might be a little inflated. Didn't Brawn miss out on Honda's €20m for finishing P9 and then Mercedes took Brawns €50m for P1. Granted, that is two different years but the there couldn't have been that much of a change.
moyboy
 
Joined: 22 Apr 2011

Post Thu Sep 01, 2011 9:23 pm

I don't like the huge gap between P10 and P11. I would have thought that it would be good for the sport (and Bernie) to have 12 competitive teams instead of four mobile chicanes on the track. That 50 million is something like the annual budget of Virgin and HRT. Besides the top10 teams wanting as much money as possible, what is the benefit for not really supporting the backmarkers financially. With such a difference between the budgets of the midfielders and backmarkers, you will end up in a situation where in a few year teams like Virgin and HRT call it a day with lack of funds and/or success.
TzeiTzei
 
Joined: 9 Mar 2011

Post Thu Sep 01, 2011 10:25 pm

moyboy wrote:I think your values might be a little inflated. Didn't Brawn miss out on Honda's €20m for finishing P9 and then Mercedes took Brawns €50m for P1. Granted, that is two different years but the there couldn't have been that much of a change.


All down the the company name rule, as Mercedes GP were trading as Brawn Mercedes GP Ltd last year, and mid way thru the season they changed their company name to Mercedes GP GmhH. In 2008 they were Honda Racing then they changed their chassis name and company name and entry name. Its all complicated to explain.

However Mercedes GP last year only recived €20m prise money as in 2009 they saw a €50m advance from Bernie to make it from Hungary to Abu Dhabi. Bernie takes the advance off at source, next year they will recive their full €74m in full from FOM.

Brwan GP to Mercedes GP is the same rule that Lotus Racing in 2010 became Team Lotus in 2011 all down to the trading name as its the same 1Malasia F1 Team. Also the same fact that Virgin became Marussia Virgin due the the fact that it is the trading name as the real company name is Manor Racing. Its also the same ruling that Scuderia Ferrari is the main company and they have changed their trading name from Scuderia Ferrari Marlbro to Scuderia Ferrari mid season this year, and as McLaren did in 2005 with West McLaren Mercededs to Team Mclaren Mercedes.


TzeiTzei wrote:I don't like the huge gap between P10 and P11. I would have thought that it would be good for the sport (and Bernie) to have 12 competitive teams instead of four mobile chicanes on the track. That 50 million is something like the annual budget of Virgin and HRT. Besides the top10 teams wanting as much money as possible, what is the benefit for not really supporting the backmarkers financially. With such a difference between the budgets of the midfielders and backmarkers, you will end up in a situation where in a few year teams like Virgin and HRT call it a day with lack of funds and/or success.


Im not happy with it as well, but it is essencially down to the fact that it gives the smaller teams something to search for, and ill put it this way, makes you compeditive dosnt it, mekes you race hard and fast, do or die style.

I came up with this chart to make it do or die up and down the grid, as there is a larger drop from 1 to 2a and from 2a to 2b and from 2b to 3. Lets face it, €15m is alot to the likes of Mercedes and €10m is alot to the likes of Force India.

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ESPImperium
 
Joined: 5 Apr 2008
Location: Glasgow, Scotland

Post Thu Sep 01, 2011 11:10 pm

Thanks ESPImperium - great info there.
I'm very interested in the financial side of things and this has got me very curious now as to how the F1 teams budgets look, in terms of the money they bring in (prize money, historical payments, sponsorships etc.) and the money they spend (developing and building the car, drivers salaries etc.)
If someone can post the drivers salaries for 2011/2012 as well that would be great.
Tyler
 
Joined: 6 Jul 2011

Post Thu Sep 01, 2011 11:27 pm

If you want to know more, Google Formula Money and buy the 2010/2011 review from Chris Sylt. I belive its arround €229 or something expencive, but id love to be able to read it.

As for drivers salaries, doubt you can get them, but estimates are out there.

Teams sponsor money is split into 3 diffrent sections; FOM money, Cash sponsors and Technichal Sponsors. A cash sponsor is like RBS at Williams the last 4 years, €25m a year. A Technicha Partner is like Pirelli, who supply €4.5m to the teams, but dont pay any cash as they peovide tyres and other services related to them. Many teams have sponsors that do both Tehcnichal and Cash sponsorships, like the Team Lotus and GE one, GE will be giving €55m a year total, €20m technichal and €35m cash. Vodaphone supply McLaren with €95m a year total, €20m technichal and €75m cash. Every McLaren employee that needs one gets a iPhone 4 Buisness Model and a arround £100 worth of a contract free, the ones with laptops get a Vodaphone dongle with unlimited data. Vodaphone also supply McLaren with their satalite connection for their track to mission control link and back for example.
ESPImperium
 
Joined: 5 Apr 2008
Location: Glasgow, Scotland


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