Professional cyclists make their money from advertising, competitions, endorsements and by negotiating salaries with cyclist groups. Cyclists tend to compete in teams and winnings get dispersed among team members by the organization that they ride for.
The Tour de France offers several awards for cyclists depending on how they place. First place stage winners receive a little over $10,400, second place winners receive about $5,200 while third place winners take in about $2,600. [Read more…]