Feb 21, 2014, 3:14 PM EST
IndyCar’s collective team payout structure, formerly called TEAM (Team Enhancement and Allocation Matrix) and in more recent years, the Leaders Circle, was announced today. The release from IndyCar first, and then some more details on what it means:
INDYCAR announced today enhancements to the bonus structure and the 21 entrants that will be part of its Leaders Circle program for the 2014 IndyCar Series season.
The Leaders Circle program was established in 2002 to provide incentives to teams that participate full time in the IndyCar Series. Each Leaders Circle member is assured a minimum of $1 million for the 18-race season if the entrant successfully qualifies for the Indianapolis 500 Mile Race.
“The Leaders Circle program is an important resource for full-time teams in the IndyCar Series,” said Derrick Walker, President of Competition and Operations, INDYCAR. “We are looking at ways to continue to grow this resource in the future and further reward our teams for their continued participation in the series.”
Twenty entrants were selected based on their standing in the 2013 IndyCar Series entrant points, including Bryan Herta Autosport (car number and driver TBA). The entry for the No. 2 Verizon Team Penske car driven by Juan Pablo Montoya is also a new Leaders Circle member for 2014 through a partnership with Dragon Racing.
Additionally, all entrants will continue to compete for bonuses that will now be paid to the top-10 finishers at each IndyCar Series race aside from the races at the Indianapolis Motor Speedway (Indianapolis 500), Pocono Raceway and Auto Club Speedway. The race bonuses are: $30,000 for first place, $20,000 for second place, $15,000 for third, $10,000 for fourth, $9,000 for fifth, $8,000 for sixth, $7,000 for seventh, $5,000 for eighth, $4,000 for ninth and $2,000 for 10th at each race. At Pocono and Auto Club, the winning team will receive $40,000 with the remaining payouts remaining the same as other races.
Non-Leaders Circle entrants will compete for payouts awarded to the top-five finishers. In each race excluding the races at the Indianapolis Motor Speedway (Indianapolis 500), Pocono and Auto Club, the highest-finishing non-Leaders Circle entrant will receive $20,000. At Pocono and Auto Club, the highest finishing team will receive $30,000.
The next-placed Non-Leaders Circle entrants will receive $15,000, and $10,000, respectively. The fourth and fifth-placed Non-Leader Circle entrants will each receive $5,000 at all races excluding the Indianapolis 500.
The IndyCar Series driver champion and championship entrant again will share a $1 million bonus, with second through 10th in the standings sharing bonuses of $250,000, $90,000, $75,000, $60,000, $50,000, $40,000, $35,000, $25,000 and $15,000.
Contingency prizes will continue to be awarded at IndyCar Series events.
To add a bit of insight beyond the release from INDYCAR above, a few numbers to note as far as Leaders Circle changes over the last two years:
- In 2012, the Leaders Circle had a 20-car cap, with 18 carrying over from 2011 and two new spots awarded to Ed Carpenter Racing and what was then Lotus Dragon Racing. Payouts in each race aside from the Indianapolis 500 that year saw the highest-finishing entrant receive $80,000, followed by $65,000, $53,000, $40,000 and $26,000 for fifth highest finisher among the Non-Leader’s Circle entries.
- In 2013, the number of Leaders Circle entrants was increased to 22, while the per-race payouts to non-Leader Circle entrants decreased. The three spots outside the top-22 in entrant points were awarded Sarah Fisher Hartman Racing, Dragon Racing and HVM Racing (which became E.J. Viso’s car for Andretti Autosport, with HVM support). In each race aside from the Indianapolis 500 were awarded to the top three, with the highest-finishing entrant will receive $40,000, followed by $35,000 and $30,000.
- So with those offered, the 2014 numbers for non-Leaders Circle entrants go down for a third consecutive year to $20,000, $15,000 and $10,000, except for the Pocono and Auto Club races where the top non-Leaders Circle entrant will get $30,000.
- The absentees on the list of projected or expected full-time cars includes the NTT Data Chip Ganassi Racing No. 8 driven by Ryan Briscoe, Panther Racing’s No. 4 and the second Rahal Letterman Lanigan Racing entry, the No. 16. The No. 8 was not fielded full-time in 2013; Panther’s status for 2014 is TBD and RLL was not in the Leader Circle last year.
- The note of Bryan Herta Autosport listed as Bryan Herta Autosport and not Barracuda Racing, without a car number listed, provides a very strong hint that Barracuda will not return to the team as title sponsor, or at the very least, will return in a minimized role.
Here’s the official chart of those who will receive the per-race number, per INDYCAR:
2014 INDYCAR SERIES LEADER CIRCLE ENTRANTS
|2||Verizon Team Penske||Juan Pablo Montoya||Chevrolet|
|3||Team Penske||Helio Castroneves||Chevrolet|
|7||SMP Racing||Mikhail Aleshin||Honda|
|9||Target Chip Ganassi Racing||Scott Dixon||Chevrolet|
|10||Target Chip Ganassi Racing||Tony Kanaan||Chevrolet|
|11||Mistic KVSH Racing||Sebastien Bourdais||Chevrolet|
|12||Verizon Team Penske||Will Power||Chevrolet|
|14||ABC Supply A.J. Foyt Racing||Takuma Sato||Honda|
|15||National Guard||Graham Rahal||Honda|
|17||AFS KVAFS Racing||Sebastian Saavedra||Chevrolet|
|18||Dale Coyne Racing||TBA||Honda|
|19||Dale Coyne Racing||Justin Wilson||Honda|
|20||Fuzzy’s Vodka/Ed Carpenter Racing||Ed Carpenter/Mike Conway||Chevrolet|
|27||United Fiber & Data||James Hinchcliffe||Honda|
|34||Cinsay AndrettiTV.com HVM||Carlos Munoz||Honda|
|67||Sarah Fisher Hartman Racing||Josef Newgarden||Honda|
|77||Schmidt Peterson Motorsports||Simon Pagenaud||Honda|
|83||Novo Nordisk Chip Ganassi Racing||Charlie Kimball||Chevrolet|
|TBA||Bryan Herta Autosport||TBA||Honda|
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