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IRL to pay more to full-time teams, and Indy 500 purse will reach new high

By John Oreovicz
Special to ESPN.com

Tuesday, October 2, 2007

INDIANAPOLIS -- The Indy Racing League announced a new prize fund allocation system Tuesday that is designed to provide a more stable financial platform for existing and prospective IndyCar Series participants. Teams committing to run the full 16-race IndyCar Series schedule in 2008 are guaranteed at least $1.2 million in funding, with additional cash prizes awarded to the top five finishers in each race. Created as an extension of the IndyCar Series' Leader's Circle Program, the IndyCar Team ...

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