
Joe Spooner. Photo: NZ Herald
Last Friday, the US District Court in San Francisco issued a warrant to seize Oracle Team USA’s prototype America’s Cup foiling multihull sail boat, in response to a lien filed by New Zealand sailor Joe Spooner, whose contract was terminated in January. Spooner is a New Zealander who was a grinder with Oracle Team USA during its America’s Cup victories in 2010 and 2013. He was hired for the upcoming America’s Cup series at a salary of $25,000 per month. The dispute is, in part, over the terms of his work visa which Spooner’s lawyer claimed required him to be working under a fixed-term contract, while Oracle argued that Spooner had an at-will contract. They also claimed that Spooner was fired after asking for a raise to $38,000 per month to cover the expense of relocating to Bermuda.
Without having an opinion of the outcome of the lawsuit, it serves as a reminder of the cost of professional yachting these days. In the last America’s Cup, costs to mount a challenge averaged around $100 million with Oracle spending between $250 – $500 million to defend the cup. And from the current lawsuit, we learn that the going rate for a sailor to grind the winches is at least $300,000 per year.