94 Cavalier Z-24 5 speed clutch problems

I have a 94 cavalier racecar and I was driving around the track and went to downshift two second and had no clutch pedal. So I looked under the car and I saw fluid shooting out when you hit the pedal and I believe its either the slave or master cylinder. I was wondering if you had to drop the trans to change whatever I have to fix I could still run the car but it was really hard to shift due to power shifting into gear.