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Haas dubious about remodeling prize money structure
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While recognizing some of the system's inadequacies, Gene Haas believes that Formula 1's prize money distribution scheme should remain. Liberty Media has hinted at changes it could make to the commercials contracts, which bind the teams to the sport come up for renegotiation in 2020. CEO Chase Carey has signaled that the company could cease paying Ferrari its annual $100 million prize money bonus. But Gene Haas doesn't believe a change to a more collective-based system is warranted. "The top three teams get 70 percent of the money and the bottom seven teams get the other 30 percent," Haas said. "Obviously I don't want to be in the back that long, because I'd like...
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