The numbers change each year, based on the revenues generated, but
in 2011 the teams divided a prize fund of close to $700 million between them.
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Ferrari has a special deal at the moment that means that the Italian team takes two and a half percent of the prize money straight off the top, which means that it got $17.5 million in 2011, leaving the prize fund with $682.5 million.
This money was then divided into two equal payment schedules, each worth $341.25 million.
The first fund was divided equally between the top 10 teams, giving them each $34 million.
The second fund was divided up based on performance, with the winning team in the Constructors’ Championship getting 19 percent and the other nine teams taking percentages of 16, 13 11, 10, nine, seven, six, five and four. The 11th and 12th teams get $30m apiece and fewer benefits so the fight for 10th place is particularly fraught. But what is it really worth?
With the numbers we have above, one can calculate with reasonable accuracy the prize money that was paid out last year. First place would have paid $64.8m, plus the $34m share, giving Red Bull Racing a total of $98.8m in prize money. Second place (McLaren) would have been worth $54.6 plus $34m, giving $88.6m; while third-placed Ferrari ended up with $95.8 million (more than McLaren) because third place would have been worth $78.3m plus the team’s special payment of $17.5m.
Fourth place was worth $71.5m; fifth $68.1m; sixth $64.7; seventh $57.8; eighth $54.4; ninth $51m and 10th $47.6m.
From these figures one can extrapolate the value of each place gained in the Constructors’ Championship, so one can ascertain the difference between first and second at $10.2m; second and third $10.3; third and fourth $6.8m; fourth and fifth $3.4m; fifth and sixth $3.4m; sixth and seventh $6.9m; seventh and eighth $3.4m; eighth and ninth $3.5m; and ninth and 10th $3.4m. The reason the little teams get so excited about being 10th is because there is a difference of $17.6 million between the two places.