Monday, June 18, 2012
Insight: Pro Riders Minimum Wages
Italian Gianni Bugno, two time world champion and 1990 Giro d'Italia winner, and president of the Association of Professional Cyclists (CPA) signed an agreement on June 13th with the International Association of Professional Cycling Groups (AIGCP) to increase the minimum wage of professional riders. Jonathan Vaughters (CEO and sports director of Garmin-Barracuda) has been president of the AIGCP since 2009.
Under the new agreement, which raises wage minimums 10% and becomes effective in 2013, the minimum wage for will be 36,300 euro per year for professionals and 29,370 euro for neopros on Pro Tour teams. On Professional Continental Teams the minimum wage will be 30,250 and 25,300 euro. The new agreement also provides that wages will be discussed every two years to avoid remaining locked into place for many years as they have in the past.
"We are satisfied with the results," said Bugno.
Photo (l-r): Gianni Bugno, Salvatore Grimaldi, Felice Gimondi, Bob Ippolito and Moreno Argentin at the recent opening of the Bianchi store in Bergamo.
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