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CarGuru > Formula-1 > DC pockets 125k 16 March 2005 20:59:27

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DC pockets 125k
Brian Lawrence 8 March 2005 13:59:08
	According to BBC text service DC's Red Bull contract pays him very little, but Martin negotiated 25% of the points bonus. It says that for each point scored the team is "paid" 100k (all in GBP), so DC's five points is worth 500k to the team but 125k goes to DC. -- Brian Lawrence Brian_W_Lawrence@msn.com Wantage, Oxfordshire, UK
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Phil Newnham 8 March 2005 14:12:45 [ permanent link ]
	Brian Lawrence wrote:> According to BBC text service DC's Red Bull contract pays him very little,> but Martin negotiated 25% of the points bonus. It says that for each point> scored the team is "paid" 100k (all in GBP), so DC's five points is worth> 500k to the team but 125k goes to DC. Nice one, DC. -- Phil
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Gd 8 March 2005 14:41:40 [ permanent link ]
	"Brian Lawrence" <Brian_W_LawrenceREMTHIS@msn.com> wrote in news:395bbdF5un2k1U1@individual.net: According to BBC text service DC's Red Bull contract pays him very> little, but Martin negotiated 25% of the points bonus. Is a points bonus common in contracts? The only one that readily springs to mind is Nelson Piquet in his Benetton? days, when they forced a points based contract on him in order to motivate the old man.
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Emma 8 March 2005 14:49:10 [ permanent link ]
	Phil Newnham <pnewnhamat@yahoodot.com> wrote:>Brian Lawrence wrote:>> According to BBC text service DC's Red Bull contract pays him very little,>> but Martin negotiated 25% of the points bonus. It says that for each point>> scored the team is "paid" 100k (all in GBP), so DC's five points is worth>> 500k to the team but 125k goes to DC.> Nice one, DC. No wonder he said he'd found the racing "fire" again! -- Emma - The Chocolate Monster - http://www.chocmonster.rules.it
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Pete Fenelon 8 March 2005 14:57:47 [ permanent link ]
	Emma <Emma@excalvehs.demon.co.uk> wrote:>>> but Martin negotiated 25% of the points bonus. It says that for each point>>> scored the team is "paid" 100k (all in GBP), so DC's five points is worth>>> 500k to the team but 125k goes to DC.>> Nice one, DC.> No wonder he said he'd found the racing "fire" again!> Sensible deal. (Of course Martin probably gets 20% of DC's money, so 5 points was probably worth 25k to him - nice day's work ;)) If DC continues to score, given the new points scheme, he could well make 20+ points this year, and at 25k a point, that's certainly better than pocket money. 40 points (which is at the upper end of what's credible) would be a million quid for him... pete -- pete@fenelon.com "Send lawyers, guns and money...."
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Alan Gauton 8 March 2005 15:12:38 [ permanent link ]
	In article <Xns9613E0299BD86alfamelbsomethingau@203.87.95.150>, alfa@melb.something.au says...> "Brian Lawrence" <Brian_W_LawrenceREMTHIS@msn.com> wrote in> news:395bbdF5un2k1U1@individual.net: > According to BBC text service DC's Red Bull contract pays him very> > little, but Martin negotiated 25% of the points bonus.> Is a points bonus common in contracts? The only one that readily> springs to mind is Nelson Piquet in his Benetton? days, when they > forced a points based contract on him in order to motivate the> old man. Iirc, wasn't Senna on a similar type of contract for McLaren in 1993? And I know he offered to do a similar thing for Williams. And I seem to remember Damon Hill was offended that that was what McLaren wanted him to accept if he chose to go to them after Williams. I think this type of contract is quite common, just not broadcast. -- AG Remove removes from address to remove anti-spam measures. ----------------------------------------------------------------------- Alan Gauton E-Mail agauton @ postmaster.co.uk Never for me the lowered banner, never the last endeavour! (Damon Hill - 16th June 1999)
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Phil Newnham 8 March 2005 15:12:51 [ permanent link ]
	GD wrote:> "Brian Lawrence" <Brian_W_LawrenceREMTHIS@msn.com> wrote in> news:395bbdF5un2k1U1@individual.net: > According to BBC text service DC's Red Bull contract pays him very>>little, but Martin negotiated 25% of the points bonus.> Is a points bonus common in contracts? The only one that readily> springs to mind is Nelson Piquet in his Benetton? days, when they > forced a points based contract on him in order to motivate the> old man. It's certainly common for all the team members to get points bonuses, and part of the wrangling between Button and Richards last year was because of points bonuses. -- Phil
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Phil Newnham 8 March 2005 15:24:18 [ permanent link ]
	Alan Gauton wrote:> And I seem to remember Damon Hill was offended that that was what > McLaren wanted him to accept if he chose to go to them after Williams. IIRC that was win-based, rather than points based. -- Phil
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Pete Fenelon 8 March 2005 15:25:23 [ permanent link ]
	GD <alfa@melb.something.au> wrote:> "Brian Lawrence" <Brian_W_LawrenceREMTHIS@msn.com> wrote in> news:395bbdF5un2k1U1@individual.net: > According to BBC text service DC's Red Bull contract pays him very>> little, but Martin negotiated 25% of the points bonus.> Is a points bonus common in contracts? The only one that readily> springs to mind is Nelson Piquet in his Benetton? days, when they > forced a points based contract on him in order to motivate the> old man.> Quite common further back down the grid. And even figured in mechanics' contracts, if you read Steve Matchett's books about his time at Benetton you'll see he was paid a reasonable but unremarkable salary, but there were also bonuses for points. pete -- pete@fenelon.com "Send lawyers, guns and money...."
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Pete Fenelon 8 March 2005 15:27:13 [ permanent link ]
	Alan Gauton <agauton-remove@postmaster.co.uk> wrote:> Iirc, wasn't Senna on a similar type of contract for McLaren in 1993? > And I know he offered to do a similar thing for Williams. > I thought Senna was on a no-strings $1m per race deal for the first few races, then he and Ron patched up their differences. Senna's reluctance to sign a full contract was one of the reasons McLaren were so keen on Hakkinen as a reserve driver; as it happened, they needed him to replace Michael Andretti. pete -- pete@fenelon.com "Send lawyers, guns and money...."
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Phil Newnham 8 March 2005 15:32:33 [ permanent link ]
	Pete Fenelon wrote:> Quite common further back down the grid. And even figured in mechanics'> contracts, if you read Steve Matchett's books about his time at Benetton> you'll see he was paid a reasonable but unremarkable salary, but there> were also bonuses for points. A friend of mine worked for Williams in his gap year, on the minimum wage, but with additional points bonuses. -- Phil
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Pete Fenelon 8 March 2005 15:42:19 [ permanent link ]
	Phil Newnham <pnewnhamat@yahoodot.com> wrote:> Pete Fenelon wrote:>> Quite common further back down the grid. And even figured in mechanics'>> contracts, if you read Steve Matchett's books about his time at Benetton>> you'll see he was paid a reasonable but unremarkable salary, but there>> were also bonuses for points.> A friend of mine worked for Williams in his gap year, on the minimum > wage, but with additional points bonuses. Hey, at least Williams paid them. Adrian Reynard (admittedly not in F1) used to take graduates on for essentially nothing plus room and board... mind you in a year or two you could be designing whole cars...! pete -- pete@fenelon.com "Send lawyers, guns and money...."
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Graham Hodgson 8 March 2005 17:39:48 [ permanent link ]
	Pete Fenelon wrote:> Phil Newnham <pnewnhamat@yahoodot.com> wrote:> Pete Fenelon wrote:>> Quite common further back down the grid. And even figured in mechanics'>>>contracts, if you read Steve Matchett's books about his time at Benetton>>>you'll see he was paid a reasonable but unremarkable salary, but there>>>were also bonuses for points.>> A friend of mine worked for Williams in his gap year, on the minimum >>wage, but with additional points bonuses.> Hey, at least Williams paid them. Adrian Reynard (admittedly not in F1)> used to take graduates on for essentially nothing plus room and board...> mind you in a year or two you could be designing whole cars...! I believe something similar is still in operation somewhere very close by... But they do get paid the points bonus. Cheers Graham -- Make a little birdhouse in your soul.
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Sreekumar A 8 March 2005 17:56:34 [ permanent link ]
	Brian Lawrence wrote:> According to BBC text service DC's Red Bull contract pays him very> little, but Martin negotiated 25% of the points bonus. It says that> for each point scored the team is "paid" 100k (all in GBP), so DC's> five points is worth 500k to the team but 125k goes to DC. And a twist in the story for DC to finish ahead of Webber, driving for Webber's old team. Sreekumar
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Bob Dubery 8 March 2005 18:25:14 [ permanent link ]
	Alan Gauton wrote:> In article <Xns9613E0299BD86alfamelbsomethingau@203.87.95.150>,> alfa@melb.something.au says...> > "Brian Lawrence" <Brian_W_LawrenceREMTHIS@msn.com> wrote in> > news:395bbdF5un2k1U1@individual.net:> > According to BBC text service DC's Red Bull contract pays him very> > > little, but Martin negotiated 25% of the points bonus.> > Is a points bonus common in contracts? The only one that readily> > springs to mind is Nelson Piquet in his Benetton? days, when they> > forced a points based contract on him in order to motivate the> > old man.> Iirc, wasn't Senna on a similar type of contract for McLaren in 1993? And I know he offered to do a similar thing for Williams. In 1992, in the last year of his contract with Williams, he offered to drive for Williams for free in 1993. This was probably not a serious offer. Most likely it was calculated to force Williams to admit what everybody knew anyway - that Prost was going to be driving. In any event "free" probably meant "at no cost to Williams" - Senna would still have got large splodges of wonga from Banco Nacional. He kept McLaren hanging on in 1993 because they didn't have a works engine deal. Early in the season it was a race-by-race deal with Senna getting a million US per race. Then he and Dennis reached a deal for the remainder of the season. I'd be surprised if bonuses for points scored are uncommon. What is less common is for a team to pay a small retainer and a large per-point bonus. This is what Benetton did with Piquet who was thought not to be motivated unless the car was a winner or unless a nice juicy cash carrot was dangled.
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Ajames54 8 March 2005 18:54:39 [ permanent link ]
	IIRC when Eddie Jordan surprisingly scored points in his first season he was on the hook for driver points bonous' ...he mentioned in some interview that he had laid off the risk with Lloyds of London.
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Paul-B 8 March 2005 22:30:29 [ permanent link ]
	Sreekumar A wrote: Brian Lawrence wrote:> > According to BBC text service DC's Red Bull contract pays him very> > little, but Martin negotiated 25% of the points bonus. It says that> > for each point scored the team is "paid" 100k (all in GBP), so DC's> > five points is worth 500k to the team but 125k goes to DC.> And a twist in the story for DC to finish ahead of Webber, driving> for Webber's old team.> And ahead of both McLaren drivers... I loved Ron's sour little interview after the race. -- Paul-B The original and the best
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Dave R knows who 9 March 2005 00:15:07 [ permanent link ]
	"Paul-B" <null@null.invalid> wrote in message news:3969a5F5usjllU4@individual.net...> Sreekumar A wrote:> Brian Lawrence wrote:>> > According to BBC text service DC's Red Bull contract pays him very>> > little, but Martin negotiated 25% of the points bonus. It says that>> > for each point scored the team is "paid" 100k (all in GBP), so DC's>> > five points is worth 500k to the team but 125k goes to DC.>> And a twist in the story for DC to finish ahead of Webber, driving>> for Webber's old team.>> And ahead of both McLaren drivers...> I loved Ron's sour little interview after the race. I'd love to read it - Have a link to share?
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Paul-B 9 March 2005 03:39:42 [ permanent link ]
	Dave R knows who wrote: "Paul-B" <null@null.invalid> wrote in message > news:3969a5F5usjllU4@individual.net...> > Sreekumar A wrote:> > Brian Lawrence wrote:> >> > According to BBC text service DC's Red Bull contract pays him> very >> > little, but Martin negotiated 25% of the points bonus. It> says that >> > for each point scored the team is "paid" 100k (all in> GBP), so DC's >> > five points is worth 500k to the team but 125k> goes to DC.> > > And a twist in the story for DC to finish ahead of Webber, driving> >> for Webber's old team.> > > And ahead of both McLaren drivers...> > I loved Ron's sour little interview after the race.> I'd love to read it - Have a link to share? No, it was an ITV broadcast interview, but Ron was, how do they say, damning DC with faint praise. I'm surprised it hasn't been mentioned here, didn't anyone else see it? -- Paul-B The original and the best
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Jim A 9 March 2005 03:52:21 [ permanent link ]
	In article <3969a5F5usjllU4@individual.net>, Paul-B <null@null.invalid> writes>Sreekumar A wrote:> Brian Lawrence wrote:>> > According to BBC text service DC's Red Bull contract pays him very>> > little, but Martin negotiated 25% of the points bonus. It says that>> > for each point scored the team is "paid" 100k (all in GBP), so DC's>> > five points is worth 500k to the team but 125k goes to DC.>> And a twist in the story for DC to finish ahead of Webber, driving>> for Webber's old team.>> And ahead of both McLaren drivers...> I loved Ron's sour little interview after the race.> Yeah! He was quite begrudging about DC's performance. I have a feeling that he will soon realise he stayed loyal to McLaren for too long. It's rather obvious that he is a big factor in Red Bull's improvement over Jaguar. Something that Frank Williams has already recognised. Though he too was rather begrudging about it. -- Jim A
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Iain Miller 9 March 2005 05:38:09 [ permanent link ]
	And a twist in the story for DC to finish ahead of Webber, driving>>> for Webber's old team.>>> And ahead of both McLaren drivers...>> I loved Ron's sour little interview after the race.>> Yeah! He was quite begrudging about DC's performance. I have a feeling> that he will soon realise he stayed loyal to McLaren for too long. It's> rather obvious that he is a big factor in Red Bull's improvement over> Jaguar. Something that Frank Williams has already recognised. Though he> too was rather begrudging about it.> -- Made all the more entertaining by Williams turning him down & Patrick Heads comments about him last year.... I.
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Gene Mean 9 March 2005 09:02:20 [ permanent link ]
	"Brian Lawrence" <Brian_W_LawrenceREMTHIS@msn.com> wrote in message news:395bbdF5un2k1U1@individual.net...> According to BBC text service DC's Red Bull contract pays him very little,> but Martin negotiated 25% of the points bonus. It says that for each point> scored the team is "paid" 100k (all in GBP), so DC's five points is worth> 500k to the team but 125k goes to DC.> --> Brian Lawrence> Brian_W_Lawrence@msn.com> Wantage, Oxfordshire, UK> Is he only paid for his points? Or does he get the bonus for any points Klien scores as well?
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Sudheer_Rossi 9 March 2005 10:04:39 [ permanent link ]
	Hi Sree, This is Sudheeer and what you say is perfectly right. And this irony is a fitting answer as Red Bull have really turned arond the team which was so down and out when it was Jag. And hey are you from india. I am from bangalore. Let us keep in touch. Sudheer Sreekumar A wrote:> Brian Lawrence wrote:> > According to BBC text service DC's Red Bull contract pays him very> > little, but Martin negotiated 25% of the points bonus. It says that> > for each point scored the team is "paid" 100k (all in GBP), so DC's> > five points is worth 500k to the team but 125k goes to DC.> And a twist in the story for DC to finish ahead of Webber, driving for > Webber's old team.> Sreekumar
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Dave R knows who 16 March 2005 20:59:27 [ permanent link ]
	"Gene Mean" <tastygrogans@hotmail.com> wrote in message news:422e835c$0$1998$afc38c87@news.optusnet.com.au...> "Brian Lawrence" <Brian_W_LawrenceREMTHIS@msn.com> wrote in message> news:395bbdF5un2k1U1@individual.net...>> According to BBC text service DC's Red Bull contract pays him very >> little,>> but Martin negotiated 25% of the points bonus. It says that for each >> point>> scored the team is "paid" 100k (all in GBP), so DC's five points is worth>> 500k to the team but 125k goes to DC.>> -->> Brian Lawrence>> Brian_W_Lawrence@msn.com>> Wantage, Oxfordshire, UK>> Is he only paid for his points? Or does he get the bonus for any points> Klien scores as well? Plus free Red Bull headaches.
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CarGuru > Formula-1 > DC pockets 125k 16 March 2005 20:59:27

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DC pockets 125k

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