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Biniam Girmay vs Richard Carapaz

Biniam GirmayRichard Carapaz
Salary 2026€2M Reported€2.3M Reported
Market value 2026€1.5M Model€1.8M Model
Salary against market value+34%+30%
TeamNSN Cycling TeamEF Education-EasyPost
Roleteam leadersecond-tier leader
Age2633
NationalityEritreaEcuador
Contract toend of 2028 (announced Dec 2025)end of 2029 (announced Nov 2025)
Prize money generated, 2026€49k€125k
Prize money received, 2026 Model€7,811€18k
PCS rank#57#13

Salary: gross base salary, before tax. Reported or Press estimate when the press published it, Model when it is our estimate; market value is always our model. How the model works · How wrong it is. Prize money generated: what the rider won at WorldTour and ProSeries races, pooled with the team, not kept.

Richard Carapaz earns more: €2.3M a year against €2M for Biniam Girmay, 15% more. Both figures are reported in the press. Biniam Girmay is younger: 26 against 33. Biniam Girmay's contract runs out earlier, at the end of 2028; Richard Carapaz's runs to the end of 2029. Biniam Girmay has the larger gap between salary and market value: his salary is 34% above his market value, against 30% above for Richard Carapaz.

Questions

Who earns more, Biniam Girmay or Richard Carapaz?

Richard Carapaz earns more: €2.3M a year against €2M for Biniam Girmay, 15% more.

Who has the higher market value, Biniam Girmay or Richard Carapaz?

Richard Carapaz: €1.8M against €1.5M for Biniam Girmay. Market value is our model's estimate of what the same job would cost on today's results.

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