Brad binder salary: Brad Binder was born on August 11, 1995, in South Africa. He is best known as a professional South African motorcycle racer who won the 2016 Moto3 World Championship in his fifth season. His accomplishment earned him a promotion to the Moto2 class, where he placed eighth, third, Net Worth, and second over the following three years while riding for the Red Bull KTM Ajo team. Brad’s outstanding performance in the Moto2 World Championship convinced his management at the Red Bull KTM Factory Racing Team to promote him to the top MotoGP category for the 2020 season.
We published an article earlier this year detailing the wages of MotoGP riders for the 2019 season. Given that many of you expressed an interest in learning how much MotoGP riders make during the current 2020 season, we decided to create a list of riders and their yearly MotoGP salary (unofficial). Additionally, given the wife fact that the majority of this year’s races have been canceled, we thought we’d inject a little more MotoGP feel into the mix to help you get through the week till the next race weekend, which is slated for September.
Marc Marquez, the reigning champion from Honda Racing Corporation, leads the list once again with a base salary of $14.5 million / MYR 70.9 – 83.4 million. Valentino Rossi is close behind in the second position with $10.5 million / MYR 41.7 million. However, speculations suggest that Rossi is the rider with the highest earnings since he earns money from Yamaha marketing.
Marc Marquez continues to be the highest-paid MotoGP racer, earning $14 million each year. Recently, he received a $2 million contract extension until 2020. Jorge Lorenzo’s contract with the club expired in 2019. According to sources (Express UK), he gets $7.5 million from Repsol Honda on a contract basis.
Alex Marquez has been signed by the Repsol Honda squad for the 2018 season. Jorge Lorenzo has confirmed his return to the MotoGP paddock in the near future. Financial data were obtained from reputable sources. Salary information for MotoGP riders was made public in 2017, 2018, and 2019.
This is a significant issue, and MotoGP fans are eager to learn how much MotoGP riders earn. How much do they earn? and what is the value of their contract deals? Hopefully, this article will provide you with the most recent information on MotoGP riders’ financial situation.
MotoGP is a highly popular and costly motorcycle racing sport nowadays; the majority of riders are wealthy and make a lot of money. MotoGP is also one of the highest-paid championships, with riders earning money in a variety of methods. Numerous racers from many nations compete in this international motorcycle event, and they also win a lot of money. All riders are paid monthly by their bike business, and they also get money from competitions. They also have a large number of sponsors and make money via sponsorship. Marc Marquez, Valentino Rossi, and Jorge Lorenzo are the sport’s top three earners.
Not every MotoGP racer earns a six-figure salary. MotoGP riders are chosen for Replacement and Wildcard entries get money only after being selected for the race. A wildcard entry rider who finishes in the top ten earns almost ($10,000) in cash. Replacement riders get the same amount of money ($10,000) regardless of where they finish in the race.
The $200,000 compensation shown above is paid only when the rider competes. A cyclist who does not enter earns a set payment and a sponsorship bonus of up to $50,000 each year. Salary data derived from (The Sun, Forbes Magazine, Crash, motorbike, MotorMatters, and MotoGP forums).