DAYTONA BEACH, Fla., Jan. 29 (UPI) -- NASCAR announced Friday it is reducing prize money in its three top series by 10 percent for the 2010 season.
The cuts will be put in place for races in the Sprint Cup, Nationwide and Camping World Truck series.
"Last year, we launched an industry-wide effort to help the sport manage budgets in this economy," NASCAR spokesman Ramsey Poston said. "NASCAR did the right thing to work with the tracks to reduce their costs in order to manage the economic realities.
"In return, the tracks have done a great job reducing ticket prices and enhancing the fan experience. Likewise, we worked with the teams to contain costs, such as elimination of testing and other steps. This is consistent with how virtually every sport and business has adjusted to the economy over the past year."
NASCAR begins its 2010 season next week at Daytona International Speedway.
