Grand American Rolex Sports Car Series Purse and Bonuses Hit a Record $1.6 Million at Mid-Season
DAYTONA BEACH, Fla. (July 11, 2005) - A record $1.6 million in race purse and contingency awards has
DAYTONA BEACH, Fla. (July 11, 2005) - A record $1.6 million in race purse and contingency awards has been paid out to Grand American Rolex Sports Car Series competitors halfway through the 2005 season, which hit the mid-year mark with the recent Brumos Porsche 250 at Daytona International Speedway.
Although the first half of 2005 included one more race than last year as part of this season's expanded 14-race schedule, the main reasons for the increase are unprecedented race fields, the lucrative Hoosier PaceSetter program and the biggest contingency program in Rolex Series history. The trend will continue throughout the remaining seven races, which concludes November 5 at Autodromo Hermanos Rodriguez in Mexico City with an event that is expected to be one of the largest attended North American sports car races in history.
"By any measure, the Rolex Series is growing, and the important area of purse and bonus awards money is in step with that growth," Grand American President Roger Edmondson said. "It's our teams and drivers that put on the show for our great fans and sponsors, and we are pleased that they benefit from the increased purse and bonus awards that they greatly deserve."
The Hoosier PaceSetter program, introduced in 2004, rewards teams for their regular participation and professional commitment to the series. The unique incentive program is annually open to the top-15 overall teams from the previous season's Rolex Series point standings that participate in every race. Following last weekend's Brumos Porsche 250 at Daytona International Speedway, more than $230,000 has been paid to the Hoosier PaceSetter teams.
To qualify for the bonuses, teams and drivers must participate in and attend a variety of promotional and competition-related activities. Teams also have the option to donate portions of their payouts to Camp Boggy Creek, and after the first six-races, $14,650 had been designated for the camp.
The 2005 Grand American Contingency Program is worth more than $2.7 million dollars in awards to teams, an increase of more than 21% over last year's program. There are currently 43 different companies participating in the Rolex Series as contingency sponsors.
Rolex Series GT teams are also looking at a potential windfall through the Acxiom GT bonus, which rewards the team that finishes first in class after starting from the pole position. The bonus is the largest it has been all season and hasn't been won since Round 3 at California Speedway. The roll-over award now stands at $8,000.
The Rolex Series returns to action, July 31, for the Porsche 250 presented by Bradley Arant at Barber Motorsports Park. SPEED Channel will broadcast the race live at 1 p.m. ET.
The Grand American Road Racing Association, which operates and sanctions the Rolex Sports Car Series and the Grand-Am Cup Series, is the premier road racing organization in North America. The 14-race 2005 Rolex Series schedule and the 11-race Grand-Am Cup calendar deliver professional sports car racing to key markets throughout North America in addition to being televised in the United States and Canada on SPEED Channel and distributed globally through ESPN International. With title sponsorship support from Rolex Watch USA, the Rolex Sports Car Series showcases emerging and legendary drivers from around the globe and thoroughbred racing machines from the industry's leading constructors and the world's top automobile manufacturers. Learn more about Grand American at www.grandamerican.com.