  We present a new variational principle for the gyrokinetic system, similar to
the Maxwell-Vlasov action presented in Ref. 1. The variational principle is in
the Eulerian frame and based on constrained variations of the phase space fluid
velocity and particle distribution function. Using a Legendre transform, we
explicitly derive the field theoretic Hamiltonian structure of the system. This
is carried out with a modified Dirac theory of constraints, which is used to
construct meaningful brackets from those obtained directly from
Euler-Poincar\'{e} theory. Possible applications of these formulations include
continuum geometric integration techniques, large-eddy simulation models and
Casimir type stability methods.
  [1] H. Cendra et. al., Journal of Mathematical Physics 39, 3138 (1998)
