INDYCAR has announced an increase to the Leaders Circle payout to $1.25 million per entrant in the circle for 2015.
The full release from the series is below:
INDYCAR announced today an increase of $250,000 to its Leaders Circle program, which raises the total annual payment for eligible Verizon IndyCar Series entrants to $1.25 million.
A total of 21 entrants are entered in the Leaders Circle program for the 2015 Verizon IndyCar Series season.
“INDYCAR is invested in the continued support of its teams,” said Derrick Walker, INDYCAR President of Competition and Operations. “The Leaders Circle program rewards INDYCAR teams for full-season participation and helps each of them with an additional source of funding. The program is also an asset to our promoters as it guarantees over 20 cars at each Verizon IndyCar Series event. As INDYCAR continues to grow we’re excited about opportunities like this that are beneficial to the teams that compete in our series.”
The Leaders Circle program was established in 2002 to provide incentives to teams that participate full time in the Verizon IndyCar Series. Each Leaders Circle member is assured a minimum of $1.25 million if the entrant successfully qualifies for all of the 16 Verizon IndyCar Series events in 2015, including the 99th Running of the Indianapolis 500 Mile Race. Twenty-one entrants were selected based on final 2014 Verizon IndyCar Series final entrant points.
All Leaders Circle entrants will continue to compete for bonuses that will now be paid to the top-12 finishers – an increase of two positions compared to 2014 – at each Verizon IndyCar Series race aside from the Indianapolis 500. Non-Leaders Circle entrants also will compete for payouts awarded to the top-three finishers in each race excluding the Indianapolis 500.
The Verizon IndyCar Series driver champion and championship entrant again will share a $1 million bonus, with second through 10th in the standings sharing bonuses totaling $320,000. The recipient of the Verizon IndyCar Series Sunoco Rookie of the Year award will receive a $50,000 bonus.
Contingency awards will continue to be presented at all Verizon IndyCar Series events.