INDY: IndyCar increases payments to teams

Friday, March 20th 2015, 20:48 GMT

IndyCar has announced that it will increase payments to its 'Leaders Circle' teams to $1.25million per car this season.

The series issues the payments to pre-selected teams - this year choosing 21 entrants - providing they qualify for every race during the season.

Last year the chosen teams received $1million, but the money on offer has increased by $250,000.

IndyCar president of competition and operations Derrick Walker said: "IndyCar is invested in the continued support of its teams.

"This programme rewards teams for full-season participation and helps each of them with an additional source of funding.

"The programme is also an asset to our [race] promoters as it guarantees over 20 cars at each event.

"As IndyCar continues to grow we're excited about opportunities like this that are beneficial to the teams that compete in our series."

Teams eligible for the scheme will also compete for race-by-race bonuses, which will be issued to the top 12 this year, compared to the top 10 in 2014.

Non-eligible teams can also compete for payouts given to the top three finishers, although both race-by-race reward schemes exclude the Indianapolis 500.

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