Sparrow Racing League will drop items to 320 Light

Sparrow Racing League

As explained in the latest Bungie update, Destiny's Sparrow Racing League drop items (as you finish each race) with up to 320 Light.

The key is to getting improved loot is upping your status by finishing SRL bounties. All helmets and class items with Light can be used for infusion if you want to feed your existing guns while the specific SRL Circuit gear has no light but does have perks for racing. These vary from extra tilt control while racing to better trick time for everyone who wants to pretend they're playing MX vs. ATV in space. 

Tess at the Eververse Trading Company has a stack of new cash to expend your very real silver on. You can purchase from the range of horns (which can also be received after races), new emotes, new Sparrows and a Record Book to 'provide more challenge.' The Sparrow Racing League kicks off today and lasts for three weeks so time to get racing. 

Check out the all the new 14 emotes coming to destiny.