Unless you plan to use a tripod, I'd recommend the 80-400mm (or the similar Tamron 100-400mm).
The 200-500mm is a nice lens, but it's pretty large and heavy... over 5 lb. and using 95mm filters.
The Nikkor 80-400mm is much more "hand holdable" at about 3.5 lb. It uses 77mm filters.
The Tamron 100-400mm is even lighter at about 2.5 lb (without tripod ring, that's sold separately and might add 1/2 lb.) It uses 67mm bilters
Of the three, the 80-400mm is a "pro-grade" lens and the priciest at over $2000.
Thanks much for the info and the photos. Because the lense I buy will be used mostly for daytime baseball and I never know how close or far away I can get, the flexibility of 80-400 will probably be what I end up with. Thanks again.
The 200-500mm is a relative "bargain" at under $1300. The Tamron is the most affordable at $700 (the tripod ring for it is an add'l $129).
All these lenses require pretty good light. They are f/5.6 or even f/6.3 at their max. focal lengths. Faster lenses are available (f/4 and f/2.8), but are extremely expensive, big and heavy.
Since we're sharing racing photos, I shot these with a Canon 300mm f/4 lens (<3 lb., 77mm filters, $1300)....
And that same 300mm lens with a 1.4X teleconverter added....
I do a lot of work now with a Canon 100-400mm (especially on APS-C cameras, for sports and wildlife). No racing photos with it yet. It's similar in size and weight to the Nikkor 80-400mm.
Unless you plan to use a tripod, I'd recommend the... (