Skip to comments.Why Brickyard 400 Winner Newman Is Only $423,033 Richer
Posted on 07/29/2013 5:32:58 PM PDT by B4Ranch
Ryan Newman won only $423,033 for his victory at the Brickyard 400. That would seem to be a low number since it is considered the second major race on the NASCAR circuit, behind the Daytona 500.
What happened to NASCAR? Attendance in general at NASCAR events is down. A recent article in the Las Vegas Review-Journal reported The numbers dont lie. Speedway Motorsports Inc. the parent company of Las Vegas Motor Speedway has watched total revenues, including ticket sales, drop annually for the past five years.
It may be that fans tend to come from areas of the country which have been hit harder by the recession and have suffered higher unemployment. But that doesnt explain TV ratings, which seem to be flat to down as well.
Race event-related revenue at Speedway Motorsports eight NASCAR tracks has also dropped each year for the past five years except 2011.
Ryan Newman is in the wrong business, but its too late to become a professional golfer or football player now.
(Excerpt) Read more at 247wallst.com ...
Don't you feel sorry for him?
Wait until he gets his Carbon Tax from Obama!!!!
Figure the costs of running the team, and that’s not much of a purse. Clearly, the sponsor money pays for most of that, though.
The race Sunday had an usually high number of empty seats. Entire rows. I am wondering how much of that is because Indy is built for the Indy 500, with an extremely large seating capacity. I’d be interested in seeing attendance numbers by year for that race. Most races in recent years have had empty seats, but none like this one that I recall.
Drivers don’t get the full amount for a win. IIRC it’s in the neighborhood of 40%. That would mean the total for the win was about a million. That’s assuming the article actually got the number that Newman gets right and the 423K isn’t the total for the win.
After taxes, he will be able to buy TWO cups of coffee...
1. They all race the same car
2. the car is not stock, nothing on it is stock
3. If a manufacturer wins too often they do what has to be done to slow them down. Other manufacturers don’t have to search for more power they just slow down the fast cars.
5. Dale Earhart died.
What do you reckon the overhead of running NASCAR is?
I can't imagine prize money comes close to covering it, even if you are in the top 5. The serious money is in endorsements.
That puts him firmly in the 1%’er category in Obamerica.
the races need to be a little shorter...every race must mean SOMETHING to ALL the racers, not just those in the supposed "chase".....
you know what?....a little bit of anger and passion from the drivers would be appreciated now and then without worrying about penalties...
Fan base has declined and NASCAR quit reporting attendance. They have priced themselves out of the market just like baseball.
If I own the car and pay for team, while you drive, who gets the purse? All in the contract I assume.
“Figure the costs of running the team, and thats not much of a purse. Clearly, the sponsor money pays for most of that, though.”
It’s better than a lot of other series, though. I don’t remember which year, but one of Ganassi’s teams won the Rolex Series championship with total purse money of $150,000. The team’s outlay to get that princely sum was around $4 million. Of course sports car racing is probably about the most extreme example on that end; generally the only way to make money as a driver in sports cars is if you are hired by one of the factories.
And outside NASCAR, most drivers don’t earn a lot just for driving except at the highest-ranking F1 teams.
NASCAR is just one more indicator, that Barry can’t hide, that demonstrates his “great economy” really sucks.
College sports are pricing themselves out of the market!
My sister works at a popular National Monument. She said they have had a lot of foreign visitors this year but none of them are spending any money. They come, look and leave.
If they got rid of ‘The Chase’ it would help attendance.
Once “The Chase” hits, if anyone’s favorite driver didn’t make it they won’t sit in the stands - or buy merchandise, etc. and then a year goes by trying to get fans excited again.....until “The Chase” and then you start all over again.
Newman doesn’t get the full cut - these guys race on contract - whatever percentage that may be for each team. They should be thankful they don’t race in England :)
It's sad to see, but it's hard to feel sorry for a "sport" that is much closer to a staged spectacle than to an actual competitive event.
The Chase’ SUCKS!
I think part of the problem with NASCAR is that today’s drivers don’t have the charisma of guys like Earnhardt and Richard Petty. Jimmy Johnson doesn’t really excite anybody, no matter how good he is.
I was never much of a NASCAR fan but I stopped watching for good when they refused to acknowledge the sponsor of the NRA 500.
I have no desire to watch endless left turns, I see enough of that in Republican party.
(1) Our country is in a depression, but ‘info-tainment’ has the ability to mask the economic crater.
(2) Our Constitution is above all, a peace treaty ... that is completely ignored by nationalizing socialist leaders who masquerade under various banners, yet they *are* fascists.
(3) Police officers are ignorant of the law and principles of the law and limitations of their authority by law; and many judges are now, too.
(4) The U.S. Military is promoting homosexuality.
(5) U.S. Government agents, agencies, and officials all claim now to have rights, but none have rights; indeed, only individual people and the States have rights; and government only has authority that is authorized to it, via legislative-made law that is produced by a duly-elected legislative body that sits as a result of the election process that is democratic-republican - *not* “a democracy.”
The United States of America is *not* a democracy, it is a democratic-republic.
These and many more problems and truths, weigh heavily on the minds of most people whom I know, are faithful, patriotic, determined to be free, Americans.
The fact that the U.S. Government is now - under the Obama Administration - hell bent on establishing itself as a quasi-totalitarian control center over all human action and rights -— displacing self-determination -— does not set well.
The problem *that* presents, makes the chatter about *”SPORTS!”* a waste of time, a distraction, and for some, near-total meaning-less-ness.
When there is work to be done, to survive and preserve liberty.
Here’s the payouts:
the $423k is the total
“Nobody knows who the drivers are anymore.”
Yes, because most of the drivers are foreigners. They started bringing in foreigners in the 60s to appeal to the world as opposed to only Americans.
Certainly not the case at Indy.
Kids under 12 were free.
And if you spent $150 at Kroger you got two freebie adult tix
The typical primary sponsor funding per car is currently in the $12-15m range.
Thanks. So Ryan’s pay is actually quite a bit lower than that.
If you got a rich family, or similar backer, and you can’t hack it in Formula 1, Indycar is the next stop.
Yes, but it’s a good living.
The top 10 drivers are > $10m yearly.
Anybody running in Cup is making good money.
What was once all American racing and individual and team ingenuity, became progressively totalitarian, like the GuvCo schools, and until NASCAR ultimately demanded absolute uniformity and conformity.
Didn't IROC teach them anything? Apparently not.
While its driver safety is remarkable, the Car Of Tomorrow was a ratings disaster that stayed way too long.
NASCAR(?) or some PTB actually had to be talked into letting the manufacturers have some brand identity beyond different stickers on the same body. That wing? Really??
Whatever made stock car racing fun and entertaining died at the heavy, totalitarian hand of NASCAR, for all of the reasons you mentioned...and then, Dale Earnhardt died.
People I know who literally grew up at Charlotte Motor Speedway stopped watching racing, especially since Dale died. No interest whatsoever. I tell them it's gotten better...still not interested.
Ryan’s salary is towards the bottom of the list since he took a big paycut, not to mention losing his team, so SHR could afford to pay Danica. He still probably makes a million or two per year not including endorsements or winnings.
I have no idea how all that works. One has to assume a good chunk of both the sponsor money and winnings goes to the guy in the car. For sponsors, Lowes could’t care much about Rick Hendrick...they are buying visibility on JJ’s car and racing suit. At the same time, Hendrick is spending millions upon millions on the car, the HQ in Charlotte and all the support staff. In golf, it is the golfer and the caddie getting a percentage. Racing is more of a team effort across dozens and dozens of people.
Here’s the little mud hut he lives in LOL
You got that right. I loved all the old tracks in the south. Darlington, Rockingham, etc. The sport is definitely feeling the impact of the economy and the loss of the casual fans, as you mentioned. Personally, I've paid a lot less attention the past few years. Not sure exactly why. My interest faded around the time of this 'car of tomorrow' intro a few years ago where everyone is driving essentially the same car. I liked it when the Fords and Chevys looked a little different. Not sure how that's changed the racing, but it doesn't come across nearly as interesting now.
“a little bit of anger and passion from the drivers would be appreciated now and then without worrying about penalties...”
Cale Yarborough and the Allisons showed them that. NASCAR is becoming too PC.
You got it right. They don’t race any more, they just ride around and try to “save the car”, or “get some points for the chase”. After the first 2 laps from a green flag it’s just a parade, and wait for the next pit stop and hope you can win with “pit strategy” or fuel mileage.
I’ve supported Charlotte, Martinsville, Darlington, even Rockingham and Wilksboro when they were active, but this is the last year. The cable falling across the track was all the excitement we had for a $400 weekend at charlotte.
Actually that was really fun to see, since it was Kyle Busch’s car that got the worst of it.
I saw his house on an episode of American Pickers. They sold him a big ole Mobil sign. He also owns a barnfull of cars. Not just any old cars either.
He’s never gonna be a team owner at this rate. Looks like
Nascar has cooked the goldarn goo$e and the drivers are getting feathers .. again.
All the green, ethenol, PC crap has most fans staying home to be near a puke recepticle.
I’d like The Chase a lot better if they extended it to the full season and opened it to all drivers. :)
“Yes, because most of the drivers are foreigners. They started bringing in foreigners in the 60s to appeal to the world as opposed to only Americans.”
Most? Only 2 out of 57 Sprint Cup drivers are not Americans.
“They started bringing in foreigners in the 60s to appeal to the world as opposed to only Americans.”
Not entirely true. Foreign drivers have run Indy almost since the beginning; the 1913 race was the first one won by a foreigner. Also, from 1950 to 1960, the Indy 500 was a points-paying event in the World Driving Championship (and the only one not run to Formula One rules).
I think he was talking about IndyCar.
I followed NASCAR pretty closely for a few years, although I have to admit I didn’t pay real close attention to it until after the CART/IRL split (for most of the ‘80s and ‘90s I was a pretty big fan of CART). But then they decided to introduce the Chase, the “lucky dog” rule, the green-white-checkered rule...
I liked NASCAR a lot better when it was a racing series. Between all the silliness in NASCAR and the ongoing drama between CART/ChampCar and IRL, in the last ten years I’ve become a big fan of sports car racing. And I still follow F1 as much as I can given that it switched to ANOTHER cable channel that isn’t part of the package I subscribe to.
Bingo. I agree with all your reasons, maybe not in that order of importance, but with all of them. Vehemently.
When they started running restrictor plates, I quit watching.
The irony of restrictor plates is that they were put in for “safety” reasons. Well, the bunching of the cars now results in spectacular wrecks, and the recent event that sent debris over the net into the grandstands shows that restrictor plates aren’t a clear-cut improvement to safety. So... why bother with them?
That’s the other reason why I quit watching. The good ol’ boys are gone from the track, replaced by a bunch of people who are primped and marketed just like a politician is.