151 replies to this topic

[Buford]

Until the divorce is finalized anyway.

"The statement shows that Jeff Gordon earns about $1.87 million a month _ including a base salary of $29,683, bonuses of $800,000, income from other corporations and partnerships of $579,564 and income from royalties or trusts of $434,540.

After taxes, his net monthly income is $1.1 million, the affidavit shows."

http://www.tcpalm.co...1622883,00.html

[MuMu]

Jesus, imagine the kind of bucks he could earn if he knew how to turn the wheel both ways!

[Punisher6]

Well he's down right poor compared to Schumacher, if Schuey makes the reported 30 million + a year that's several million a month. Poor Jeff Gordon.......

[Buford]

He could and has already proven he can (turn right). But where short of F1 can you make the kind of money a consistant front runner can in the Taxi League? Sad though...

[MuMu]

Quote

Originally posted by Buford
He could and has already proven he can (turn right). But where short of F1 can you make the kind of money a consistant front runner can in the Taxi League? Sad though...

I think it's extraordinary that Gordon can earn that kind of money in a series that is only run in one country (albeit the richest). Wow.

And I saw a race once where he did turn right! He's not asked to do it often though, but he seems more competent than the rest of his field.

[marion5drsn]

MuMu Quote: Imagine the kind of bucks he could earn if he knew how to turn the wheel both ways!

MuMu, if you were Jeff Gordon and earning that kind of money would you really care about turning right? M.L. Anderson

[Buford]

That's the problem Tony Stewart has. He hates NASCAR with a passion. He doesn't want to turn right though. He wants to race Midgets and Sprint Cars. But he's stuck in NASCAR because it is where the money is, and now that he totally screwed up and won the Championship, he will have even more millions waved in his face. Most would say that isn't a tough problem to have and so would I. But it does suck to hate your job.

[Ross Stonefeld]

Its gotta be higher than 48.8. I heard as part of the divorce papers he did 18mil last year, and he's been the top dog for quite a while so surely he's closer to 100.


I wonder what his cash ready value is

[Buford]

This was a court document filed by court order in a divorce case. It better be accurate, or they better have a pretty deep hole they are hiding the cookie jar in. Falsifying something like that is playing with fire.

I don't think Brooke should get half. Jeff did risk his life. I say she gets $10 million tops for the BJs.

[Bart]

Well, Brooke deserves something as she contributed to the "wholesome family image" that Jeff's sponsors loved. Also, she was the part-owning Gordon in Gordon-Evernham Motorsports (which fielded a Busch Series car) and presumably got some money directly for the Frito Lay ads in which they both appeared, neither of which presumably would have happened had she not been married to Jeff. She can reasonably argue that she could have earned money had she not married Jeff and played second fiddle to his career.

But half is a bit steep. You're right Buford, Jeff did risk his life by racing on the same track as Buckshot Jones, and going to the same drivers' meetings as Tony Stewart.

[Buford]

Yeah that's why I say $10 million. It's for the BJs, the Bible thumper image that was the perfect nemesis for the black Earnhardt knight in the soap opera, and for other incidentals.

[Ross Stonefeld]

If Jeff was pouring more of his income to 'Jeff Gordon Inc' she wouldnt neccessarily be entitled to it because its business money and not personal money right? I mean sure she could claim she contributed to the company income, but she'd hav ehad some agreement that she gets a salary or a comission for her work.

[917k]

Quote

Originally posted by Buford
That's the problem Tony Stewart has. He hates NASCAR with a passion. He doesn't want to turn right though. He wants to race Midgets and Sprint Cars. But he's stuck in NASCAR because it is where the money is, and now that he totally screwed up and won the Championship, he will have even more millions waved in his face. Most would say that isn't a tough problem to have and so would I. But it does suck to hate your job.

You claim he is stuck in NASCAR.If he is staying because of the money,then he isn't ''stuck'',he is making a choice.
If he really wanted to,he could turn his back on NASCAR,and do the things he love.Since he isn't doing that,either he doesn't hate NASCAR so much,or he loves money over his own personal happiness.

The insistance that drivers[rich ones at that]do things because of commercial interests,indicates ego and adulation win out over personal conviction.
This would apply to drivers defecting to the EARL.If they are as ''CART loving''as they claim,they would put commercial interests aside,and go with their hearts,not their brokers.
Many drivers accept paycuts to drive in F1,even sometimes paying to drive,because it is their dream.Drivers in other series should be as focussed on dreams,rather than dollars.

[Buford]

Tony's plan was to make enough money in NASCAR to last the rest of his life and then go do what he wants to do. But now that he has won the Championship, that seems assured he will have funded the rest of his life. However, while I expected this past year, or next would be his last year in NASCAR, now that he is the Champion, I expect he will take the money and stay at least 3 or 4 more years. I would, no matter how much I hated it. He's a young man. He can party hard for the next 50 years on what he can make in the next 3 or 4. That's what that whole anger management training is about. To teach Tony his life does not suck and it is actually rather pleasent.

[Ross Stonefeld]

You've explained his Hoosierness is why Stewart is a bit of a dirtbag when he gets upset, but why is fellow Indianer Ryan Newman the absolute opposite?

[Buford]

Maybe Ryan had parents who trained him in civilized behavior and friends growing up who weren't maniacs.

[random]

Gordon's combined income is about 22.5 Million dollars a year. But this figure includes "all" his side income, endorsement dollars and such, not just his salary for driving the car.

Still, I would think this puts him firmly in the top 3 or 4 highest paid racing drivers in the world. Of current F1 drivers, I'd think only Schumacher and Villeneuve have higher gross earnings. But their their net earnings are "much" higher, considering most F1 drivers pay little or no tax. Gordon of course is paying the highest US tax bracket, about 40%.

[RiverRunner]

It said his base pay was 30K a month in the first post, so that's a 360K a year salary , peanuts compared to pretty much any F1 shoe.

[Ross Stonefeld]

Yeah but he takes a low 'salary' because the endorsements and prize money opportunites dwarf F1

[RiverRunner]

Cool.
You claim to know the prize money structure of F1 vs NASCAR.
Lay it out for us.

[shaggy]

How does risk in a spouse's job play a part in a divorce settlement ?

In the state of Maryland, by law, a spouse is entitled to at least 30% of the asset's owned by the marriage (more is possible). So, as a starting place, Jeff's spouse should get at least $15 M.

shaggy

[Ross Stonefeld]

Quote

Originally posted by RiverRunner
Cool.
You claim to know the prize money structure of F1 vs NASCAR.
Lay it out for us.

Historically in road racing drivers take a larger base salary and a smaller % in prize money. The teams take most of the prize money in F1.

[Buford]

Quote

Originally posted by shaggy
How does risk in a spouse's job play a part in a divorce settlement ?

In the state of Maryland, by law, a spouse is entitled to at least 30% of the asset's owned by the marriage (more is possible). So, as a starting place, Jeff's spouse should get at least $15 M.

shaggy

No she gets $10 million. I already decided.

[Ross Stonefeld]

They should compare his post-brook endoresments with during-brook to show she really isnt the reason he's getting all that money.


Men get *screwed* when it comes to divorce settlements. ITS NOT YOUR MONEY HO

[Bart]

It's all very odd isn't it. Brooke could presumably file for divorce in a number of states (I guess anywhere the Gordons own property; I think they officially reside in North Carolina), so presumably picked Florida because the state law says that spouses are entitled to 50% of the assets gained during the marriage, which is the best deal (for her) of all the possible states in which she could have filed.

So Jeff is countersuing, pleading extenuating circumstances since the assets he gained were through a dangerous, life-threatening career in which Brooke contributed less than "normal", whatever that is. I can see his point. It's kind of unclear to me why she should get occasional use of Jeff's aeroplane after they're divorced.

The moral of this story is either (a) don't buy property in states with Floridian divorce laws, or (b) file for divorce first so you can choose the state in which to file.

[random]

Quote

Originally posted by Bart
The moral of this story is either (a) don't buy property in states with Floridian divorce laws, or (b) file for divorce first so you can choose the state in which to file.

Or do like Eddie Irvine and be a player you whole life, even have kids. But never commit to any one broad and definitely never marry any of them.

[CdnF1Fan]

I'd love to be the attorney representing the estranged Mrs. Gordon. If Jeff is claiming "extenuating circumstances" since the assets he gained were through a dangerous, life-threatening career in which Brooke contributed less than "normal", I'd counter-sue with the argument that Mr Gordon's extra-marital activities constitute a real and present danger to the health and well-being of Brooke (can we say HIV)?

I'm not an attorney, and I've been thru the divorce ringer myself, but all I can say is that any married guy who get's himself into the situation Gordon has doesn't even deserve to clog up the courts with counter-claims. Just leave your cheque with the clerk of the court thankyou

CFF

[Dmitriy_Guller]

Where is it stated that Gordon had an affair?

[CdnF1Fan]

Quote

Originally posted by Dmitriy_Guller
Where is it stated that Gordon had an affair?

I was quoting the BBC, who wrote:

Nascar star Jeff Gordon has been forced to admit he is worth nearly $50m as his wife seeks a divorce. The four-time Winston Cup winner earned nearly $18m in 2001 alone, according to an affadavit filed in a Florida court.

Brooke Gordon filed for a divorce in March, citing her husband's "marital misconduct".

But Gordon has countersued, saying he should not have to equally split the couple's estate because he risked his life to collect it.

Florida law requires that assets amassed during a marriage be split evenly.

Gordon's financial statement showed he earns about $1.87m a month.

This includes a base salary of $29,683, bonuses of $800,000, income from other corporations and partnerships of $579,564 and from royalties or trusts ($434,540).

CFF

[Foxbat]

Quote

Originally posted by Bart

The moral of this story is either (a) don't buy property in states with Floridian divorce laws, or (b) file for divorce first so you can choose the state in which to file.

No, no, no the moral is that you should arrange the financial side of a marriage before getting married and, if neccesary, update your financial arrangements while you are still marriedDon't let it get down to the courts to decide who get's what.

Unless of course "Florida law requires that assets amassed during a marriage be split evenly" means what I think it does

[Dmitriy_Guller]

For all we know, marital misconduct was Jeff repeatedly leaving the toilet seat up despite repeated requests by Brooke to do otherwise.

[random]

I heard from a very inside source a few months ago that he was in fact cheating on her. Big deal, she still doesn't get behind the wheel and certainly doesn't deserve half.

I suppose she'll also ask for a percentage of his income for the rest of his life

[RiverRunner]

Quote

Originally posted by random

I suppose she'll also ask for a percentage of his income for the rest of his life

If I was that dude I'd just scratch the check.
Tell the lawyers to give her 20 mil and a sign off, otherwise those law firms will drag this out at 500 clams an hour for as long as they are allowed,too.
Just the two law firms writing each other BS letters and billing a zillion hours for financial discovery will cost him large.

And then never talk to her again, ever.
No jets.
No Ducats.
Nada.

[shaggy]

Quote

Men get *screwed* when it comes to divorce settlements. ITS NOT YOUR MONEY HO

SO what ? Just look at the past two threads dealing with women and sex, in this board alone, and you will see how men deserve what they get. Men treat women (or is it broads ? Or chicks ?) as nothing more than objects to use and abuse (and to throw away when they get in the way), while they "screw" around any other broad/chick/"add any other derrogatory name you overgrown teenagers with your hormones out of control have for women" that comes around.

Well ... now it is the women's turn to screw thew men. Apparently, now Ross doesn't like it.

shaggy

P.S. Personally, I hope Brooke gets 50% of all the assets.

[Ross Stonefeld]

And those women know exactly what they're getting into. And of course women never cheat or abuse the relationship ever.


Imagine I have 150mil. I get married. 6 months later the chick divorces me and she gets half. Yeah that makes sense.

[Dmitriy_Guller]

Right on, Shaggy. Sometimes the level of "manly" disrespect toward women is staggering. Then those same tough guys bitch and moan how the got ripped off by "her lawyers" in all three of their divorces. If Jeff cheated, then Brooke should get her half. If she's a gold digger cashing out, I hope she gets squashed. I've heard rumors about her from NASCAR land, but once again, usually the messengers are OD'ed on testosterone themselves. The fact they had no children during their 7 year marriage is curious, assuming they're both healthy in reproductive sense, it raises question about the general state of their marriage all these years. It's also pretty much accepted fact that Jeff was naive at the time, and was probably easily manipulated. I've heard stories even long before divorce that Brooke basically controlled Gordon, including the Jesus-freak act that that Gordon was doing about five years ago.

[Ross Stonefeld]

bulllshit. She doesnt deserve his money for cheating any more than I deserve his money because he might have told me to **** off. Its not her money, nor did she earn it.

[Dmitriy_Guller]

Erm, do the wedding vows mean anything these days?

[Ross Stonefeld]

If you're signing prenuptial agreements with cheating clauses and all sorts of hoo-hah, probably not.


This has nothing to do with Gender. If the female was the main money earner, her husband doesnt deserve any of the money she earns.

[Dmitriy_Guller]

Gordon did not sign a prenup. Like I said, naive.

[shaggy]

Yeah, Ross, let's change the marriage and divorce law just because you say so. Please.

Define "earn" ? What would Jeff accomplish if he had not been given a chance by his team owner ? Or if his family had not helped out ? Or if his wife had not emotionally or otherwise helped him ? Or the mechanics ? Or the PR advisers ?
In the end, how much does Jeff really deserve based on him "earning" what he got ? He did NOT do it by himself - therein lies the problem. He is the "star" and he gets the bulk of the rewards - and his wife is entitled to 50% of those rewards.

Go Brooke !!

Take the 50% that is RIGHTFULLY yours.

shaggy

[RiverRunner]

Chicks never walk out on guys...

Anyway...

The amount Ross is key on "while they were together" which is JG's case was quite awhile, and he made bucks no question.
An example, the world's fastest cuban married a gal when he owned a house and toys already, they got divorced. He got whatever equity he had when they married and they were even able to tell how much he had in his bank and on credit cars. In the mean time the two of them had collected a couple more houses, more toys and Nico, a son. (a future lady killer and apprentice riverrat, who is my boat co driver...at 10)

All that was his pre wedding he kept, the rest of the stuff they split.
Soooooo, if you came into the deal with 150 major, that's yours, but make or buy anything from there on in and it's half hers.

In Cali anyway....

[Ross Stonefeld]

Quote

Originally posted by shaggy

In the end, how much does Jeff really deserve based on him "earning" what he got ? He did NOT do it by himself - therein lies the problem. He is the "star" and he gets the bulk of the rewards - and his wife is entitled to 50% of those rewards.

The only problem with your logic is that the first time Jeff Gordon met Brooke Stevens, they were in victory lane. So Jeffy was doing pretty well before her.

[Dmitriy_Guller]

I don't know, where I come from, marriage means you merge two lives and two families. Cheating on someone is the worst kind of betrayal. In a good marriage, there is no such thing as he earned it or she earned it, the couple is a team that gets through life as best as they can. It doesn't really matter if one partner brings more to the table than other, they're more or less one entity. I'll stop before I get any more sappy.

[Ross Stonefeld]

Thats the sappy version. I prefer to live in a world based on laws and business. The only money I would give Brooke is in circumstances where it was demonstrated she was a contributory to the finances. Ie the Fritos thing where she's in the commercial so she's part of the 'package'. Jeff Gordon wins becaucse he's Jeff Gordon, not because of Brooke. He gets asked to make personal appearances and do endorsements because he's famous. He's doing just fine without Brooke, so clearly she wasnt the silent backer everyone is making her out to be

[RiverRunner]

Quote

Originally posted by Ross Stonefeld
He's doing just fine without Brooke, so clearly she wasnt the silent backer everyone is making her out to be

And it only took him 20 mil to figure that out....

[Ross Stonefeld]

I think Jeff's big mistake was not setting up his financial accounting better. But I guess you dont go into the world thinking "hmm how do I setup my income so when I get divorced from the woman ive not even met yet, she doesnt get as much"

[Dmitriy_Guller]

World based on law and business? LOL, that sounds like a very sad world. Thankfully, not everyone in America views marriage as a business deal yet. If he cheated, he has no sympathy from me.

[Ross Stonefeld]

Its just an extension of the mindset that if people spill hot coffee on themselves, its the fault of the coffee maker

[CdnF1Fan]

Quote

Originally posted by Dmitriy_Guller
If he cheated, he has no sympathy from me.

... which was my point in the beginning. Some will agree with that moral, other's won't. Thats the way the courts see it these days, and unless you have a concrete prenup, you'll pay for your indecretions. But I digress ....

CFF