Their pay comes from 100% of the winnings. Then we heard spectators were allowed to attend. “There's no doubt that should have been a tough conversation with Sunoco. There are people who are losing their businesses, their jobs. I can only hope we are all in this together. Because its financial loss of at least $20 million without fans in the grandstands, Indy the 500 purse dropped from $15 million to $7.5 million, according to Racer Magazine. DAYTONA BEACH, Fla. (Feb. 14, 2020) – NASCAR today announced a record-setting purse for the 62nd annual DAYTONA 500, where 40 of the world’s best drivers will race for a total purse … Nothing’s been done to fix that,” McMillen said. While keeping Round 1 money basically the same (only a $500 reduction) is good news. Fans will pack the state-of-the-art motorsports venue, and millions will watch on television. If there are 19 cars that show up and they're all stout, then we would have to really decide what we would do in that situation.”. Tickets for Daytona International Speedway events can be purchased online at www.daytonainternationalspeedway.com or by calling 1-800-PITSHOP. Dakin spoke for a handful of racers and an army of fans when he said, “I think John was the smart one. A sell-out crowd of more than 100,000 fans will pack the Daytona International Speedway on Sunday to watch the most prestigious – and richest – race on the NASCAR calendar. “None of what we do at the track is justified with purse money, but it always helped our team members justify their time away from family and friends. (If we) knew what the problems were, we would try to help them figure out a way - first an attempt to find a happy medium and then ‘Guys, don't sign those deals again without talking to us. One, Funny Car privateer Bob Bode, simply has shaken his head regarding 2020 and said he’s looking to next year for a sense of normalcy. At that point, we questioned if we made the correct decision. We can't be divided. Once again, my only hope are racers, track owners and NHRA are in this together. Those six rounds (including qualifying) will cost us $5,000 in nitro, and nitro is a small percentage of our budget. We all need to work together.”. Microsoft may earn an Affiliate Commission if you purchase something through recommended links in this article. Dominion Energy Charity Classic 2020 prize money $2 million announced the winner received $305k purse share this year runner-up $180k. If not it is time to start over with a new sanctioning body that cares about a very entertaining motorsport. All other trademarks are the property of their respective owners.Copyright © 2020 NASCAR Digital Media, LLC. Contingency bonuses have been a hot topic with the Tri Track Open Modified Series in 2020, and the debut at Stafford will be no different. We spend so much money that a couple thousand dollars difference for first-round loser money doesn't make a significant difference. Again, not in every way – let me explain. RELATED: See every winner of the Daytona 500 | 62nd annual Daytona 500 sold out, “The DAYTONA 500 is more than just the season-opening race,” said Chip Wile, President of Daytona International Speedway. Without corporate backing, I am better off working at Menards, scanning Rust-Oleum products at the checkout. Morrison said, “We are living through some extraordinary times. “The fact that Round 1 money is basically the same means that as long as we can qualify within the two opportunities we have during a race event, then we'll be OK.”. We’re all idiots.”, Like us on Facebook to see similar stories, Pandemic accelerates with 'third peak' of infections. Just for perspective, Colton Herta finished 33rd in the 2019 Indianapolis 500 and pocketed more than $350,000. Just fewer than 42,000 fans attended the inaugural event, won by Lee Petty, who took home just under $20,000 for the victory. My focus is to put on a great show for those fans and go out there and race to win within our budget and capabilities. I think we all are hanging on and hoping for a better year next year. Since the very first edition of “The Great American Race” in 1959, NASCAR drivers have aimed for a career-defining victory in the DAYTONA 500 – and the fame, prestige and, now, largest purse in the history of American motorsports that come with it. Although the respective marquee races for their sanctioning bodies played out at venues separated by just seven miles, the organizations are light years apart. Rookie dragster driver Joe Morrison has strategized it from various angles. Some are simply pragmatic. Top Fuel owner-driver Terry McMillen said he expects to hear more of his peers say they have no interest in incurring much higher costs to travel outside the Indianapolis bubble to Gainesville (Fla.), St. Louis, Dallas, Houston, and Las Vegas. NASCAR® and its marks are trademarks of the National Association for Stock Car Auto Racing, LLC. First thing I thought about was them.”. What was discussed? 43, Paint Scheme Preview: Texas Motor Speedway playoff races 2020, Kevin Harvick wins Busch Pole Award for playoff race at Texas. How do we get more to come out and support us smaller teams?”. Which sponsors are going to be around who didn’t terminate contracts? “I can tell you the (executives) are all getting their salaries. He and the other three drivers under his umbrella have been idle since February. My goal this year is to get [college-freshman son] Bobby licensed and see what happens next year.”. So the value of a victory has dropped from $50,000 in February to $15,000. We are working with them to enable your sports experiences again as quickly as possible. Glossed-over in Peterson’s message was the fact that two or three weeks before last weekend’s U.S. Nationals, according to at least three team owners, the NHRA proposed this second payout reduction of the summer—and racers rejected it. He said, “I pay $1,680 for 40 gallons (of nitromethane), when I can go down the street and I could buy 55 gallons from Don Schumacher for $1,000. Zizzo, owner-driver of the Rust-Oleum Rocket Dragster, has been understanding, saying, “In the beginning, our pay cut was justified because the first two "COVID races" at Indy were supposed to have no spectators. They stated there was only going to be a limited number of spectators and in the future if more spectators attended, they would revisit our pay cut. Zizzo said, “I assume NHRA is bleeding money, and my only hope is their staffs salaries are also suffering. “They’re letting good people go, and it’s hard to find those good people. You have to rip them off to make your quota so you can get your check. Granted, even the well-heeled Indianapolis Motor Speedway, IndyCar Series, and their owner Roger Penske trimmed its budget by half for the recent Indianapolis 500. Maybe they’ve taken a salary cut – I don’t know. ", Many wonder how a racer can make a living at this rate, and Pedregon said it’s no secret: "Corporate sponsorships, low overhead, don’t spend what you don’t have, pay everyone else before paying yourself, be smart." The fact that going to Round 2 only nets an additional $1,500 will hurt a smaller team that relies on round money to offset costs. At least those who were asked rejected it. "I believe the NHRA is doing all they can to salvage the year under these unprecedented and challenging times. NASCAR TV schedule: Week of Oct. 12-18, 2020 Which channels have NASCAR programming this week? I am very much looking forward to Gainesville and the rest of the races on the NHRA schedule," he said. I sure hope my friends at NHRA also took a pay cut. Regardless, for the past decade or so (no cost-of-living allowances), the event purse had given $50,000 to the winner (comparable to what Jack Nicklaus made for winning a major PGA tournament – in 1974) and $22,000 to the runner-up. A Nitro Class victory that used to pay $50,000 is now worth only $15,000 for the rest of the 2020 season. “To put our purse into perspective,” independent Top Fuel racer T.J. Zizzo said, “NHRA will pay us $15,000 to win an event. “There were rumors that our purse was going to be cut again, so when I read the email I was not surprised,” Zizzo said. 23 Toyota with driver Gray Gaulding. Dakin said something many have said through the years: The deeper into a race a team goes, the more money it loses. Connect with friends faster than ever with the new Facebook app. Keep in mind the money paid out does very little to motivate us to compete. John Force’s revenue stream was dammed up by the NHRA’s 18-week halt in racing and his own decision (fueled by factors he has decided are not for public sharing) to extend his team’s inactive status. “There are a lot of unanswered questions,” Zizzo said. One can assert that it’s about choices. I am not privy to NHRA‘s financial situation, nor is any racer that I know of. “Some people reading this article might wonder how can we leave the shop and not know what we are getting paid. “Everybody is screwed this year. This latest round of cuts means winners at each of the final five races will receive $15,000 and runners-up $11,500. Several waves of dismissal, including one just before the U.S. Nationals, has troubled racers. You may be … Meanwhile, the NHRA has been letting staff members go, leaving only the titled personnel to hold down the fort at Glendora, Calif., headquarters. A big portion of it is opening a dialogue, talking: How do we fix this? “NHRA provides the platform for drag racing at the highest level, along with a tremendous TV package. It’s going to come down to the teams that are well-financed.”. “I wonder if PRO (Professional Racers Organization) and NHRA had a meeting. I love this sport, and you can bet I'll be doing everything I can to help it get through this time and thrive on the other side.”. It's not their checkbook. One bad conversation with Sunoco would have been a hell of a lot easier than one really bad conversation with 32 teams that are now waiting for rebates back. Now why is that? “What worries me most,” he said, “is what is our purse going to be in the future? They're giving a promise on somebody else's paycheck. “What's interesting about these current cost-cutting measures,” Morrison said, “is that in some ways, they can hurt the smaller teams like us and in others it's not much of a change. Roland Garros Reveals 2020 Prize Money Distribution. (race resuming Monday at 4 p.m. 17 qualifier money by $1,250 and eliminating No. ET; TV – FOX, FOX Deportes; Radio – MRN, SiriusXM). It lists the total purse for every race during the 2018 season and also lists BK Racing’s prize money for each of the first four races in the No. The breakdown was $18,000 to the semifinalists, $14,000 to second-place finishers, and $10,000 to first-round losers. NASCAR released the 2020 Daytona 500 purse, the first time since 2015 a race purse has been disclosed. Because they (NHRA) went to Sunoco, and they promised they were going to sell x-amount of drums. Sep 21 2020. And as early as four years ago, a Street League Skateboard competition winner was bagging $150,000. In this article, we'll learn all about how NASCAR prize money works, including where it comes from, how much is typically there for the taking and who gets the biggest share. If not, NHRA is in trouble and we better look for other options. We all have a bigger problem: Who’s going to around next year? Veteran Top Fuel racer Pat Dakin said he’s envisioning this year’s championship payout, bound to be less than its customary $500,000 for Top Fuel and Funny Car titlists, will be “a six-pack and a bag of pretzels.”. The big cuts were at the top of the purse, but that also diminishes the value of winning: 70% cut to win, 30% cut to qualify.”. That’s a bit of a sore subject with Foley.
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