When can you get paid?
05-28-07, 11:10 AM
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When can you get paid?
I hear a lot of people talking about racing and their cats, but at what level is there money to be made? I've heard cat 2s can make some cash. For me riding is for the exercise and enjoyment, I was just curious when competitive riders can earn money, and how much they can earn.
05-28-07, 11:16 AM
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If you're asking out of curiosity, carry on.
If you're asking about actually MAKING money, I don't think it can be done even in cat 2. Your food money is going to go way up...
If you're asking about actually MAKING money, I don't think it can be done even in cat 2. Your food money is going to go way up...
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Last edited by ElJamoquio; 05-28-07 at 11:29 AM.
05-28-07, 11:17 AM
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Originally Posted by KeithMiller12
I hear a lot of people talking about racing and their cats, but at what level is there money to be made? I've heard cat 2s can make some cash. For me riding is for the exercise and enjoyment, I was just curious when competitive riders can earn money, and how much they can earn.
Last edited by botto; 05-28-07 at 11:33 AM.
05-28-07, 11:29 AM
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At Cat 4, I was "making" the same as the Cat 1 & 2 people. If I won, I'd come home with $10. If they won, they'd come home with $10. $10 was usually the biggest prize, but one year, at one crit, I won $100. That year I "made" $150 at cycling. It was a good year.
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05-28-07, 11:32 AM
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Originally Posted by botto
less than the person who serves you you're big mac and fries.
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05-28-07, 11:34 AM
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Originally Posted by cuski
Incorrect.
05-28-07, 11:35 AM
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Originally Posted by Machka
At Cat 4, I was "making" the same as the Cat 1 & 2 people. If I won, I'd come home with $10. If they won, they'd come home with $10. $10 was usually the biggest prize, but one year, at one crit, I won $100. That year I "made" $150 at cycling. It was a good year.
I guess you better be doing it for the love of it.
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05-28-07, 11:38 AM
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Originally Posted by BillyD
I guess you better be doing it for the love of it.
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05-28-07, 11:39 AM
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Originally Posted by ElJamoquio
At ANY level. How much do you think most TdF racers make? I think being a domestique would be a pay cut for most professionals.
05-28-07, 11:41 AM
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Originally Posted by BillyD
I guess you better be doing it for the love of it.
Well, of course! Bike racing isn't exactly a lucrative career. Anything I won went into paying for the fuel to get to the races, and if there was some left over, maybe I'd buy something new for my bicycle.
You'd probably make more if you took up gardening and sold the produce at the local farmer's market.
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Last edited by Machka; 05-28-07 at 11:48 AM.
05-28-07, 12:03 PM
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Making money off of cats? I'm all ears! (and cat hair)
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05-28-07, 12:22 PM
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Our biggest local race pays $15,000, total, for all the races/categories combined for the weekend. To make a living, you would have to (1) have a sponsor that covers your expenses, and (2) win in Pro-1 in more than one event for the weekend, and (3) win at that level at three or four similar-level events every month during the cycling season. And you would have to live fairly cheaply.
Pro racers in the U.S. aren't making a living off the purses.
Pro racers in the U.S. aren't making a living off the purses.
05-28-07, 12:28 PM
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Chases Dogs for Sport
Of course, if you have a day job, you would have to report every dollar you received from cycling. (And, hopefully, you would also report your expenses and avoid all taxes.)
05-28-07, 12:52 PM
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Originally Posted by FlashBazbo
Of course, if you have a day job, you would have to report every dollar you received from cycling. (And, hopefully, you would also report your expenses and avoid all taxes.)
05-28-07, 12:53 PM
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Originally Posted by qw1a
Makes me wounder if it's possible to claim cycling as a side business that is consistently operating at a loss. You could even get a write-off this way
05-28-07, 01:29 PM
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Oh good. After that copyright laws debate, I was hoping we could have a tax-law debate.
FYI, I think the 3 in 5 rule/guideline would still apply, and seeing as auto-racing is looked upon disfavorably by the IRS, I think the tax-man would laugh at your 'business'.
FYI, I think the 3 in 5 rule/guideline would still apply, and seeing as auto-racing is looked upon disfavorably by the IRS, I think the tax-man would laugh at your 'business'.
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