HoseHeads.com | HoseHeads Classifieds | Racer's Auction
Home | Register | Contact | Verify Email | FAQ |
Blogs | Photo Gallery | Press Release | Results | HoseheadsClassifieds.com


Welcome Guest. Already registered? Please Login

 

Forum: HoseHeads Sprint Car General Forum (go)
Moderators: dirtonly  /  dmantx  /  hosehead


Records per page
 
Topic: Team Budgets 41 versus 5 Email this topic to a friend | Subscribe to this TopicReport this Topic to Moderator
Page 2 of 3   of  43 replies
ryanhunsinger
November 07, 2018 at 10:49:53 AM
Joined: 12/10/2016
Posts: 149
Reply
Reply to:
Posted By: SAF92 on November 07 2018 at 06:47:01 AM

I've always been under the impression the "base" pay is around 30% while top tier drivers make 40-50%. Would love someone with more insight to comment...



The going rate has always been 40-50% but since there are far more drivers than there are teams nowadays I’m sure guys are willing to run for less. I’m sure it also depends on what the driver brings in terms of sponsorship. I would think that the bigger teams would give their drivers a base salary and then a (lower) percentage of the purse like 25-30% plus maybe even life/health insurance etc but I’m just guessing.

The thing I’m not sure about is how the tshirt sales work. The drivers are independent contractors so theyre responsible for getting to the races in their own buses, paying for the upkeep, diesel fuel, paying for their own life insurance and health insurance for their families, etc so even after getting 40-50% of the purse most of those guys aren’t making a ton of money. Alot of the drivers tow their tshirt trailers behind their motorhomes and have their wives doing the sales so I’m assuming that the drivers get most of if not all of the money from their tshirt sales. I bet that tshirt sales are the difference between making an ok living and making really good money.

 

 



Nickules
November 07, 2018 at 11:50:36 AM
Joined: 08/05/2015
Posts: 1133
Reply
Reply to:
Posted By: ryanhunsinger on November 07 2018 at 10:49:53 AM

The going rate has always been 40-50% but since there are far more drivers than there are teams nowadays I’m sure guys are willing to run for less. I’m sure it also depends on what the driver brings in terms of sponsorship. I would think that the bigger teams would give their drivers a base salary and then a (lower) percentage of the purse like 25-30% plus maybe even life/health insurance etc but I’m just guessing.

The thing I’m not sure about is how the tshirt sales work. The drivers are independent contractors so theyre responsible for getting to the races in their own buses, paying for the upkeep, diesel fuel, paying for their own life insurance and health insurance for their families, etc so even after getting 40-50% of the purse most of those guys aren’t making a ton of money. Alot of the drivers tow their tshirt trailers behind their motorhomes and have their wives doing the sales so I’m assuming that the drivers get most of if not all of the money from their tshirt sales. I bet that tshirt sales are the difference between making an ok living and making really good money.

 

 



I'm with Ryan here as I know it's always been in the 40-50% realm.  There are SO many factors to figure out as well.  Some drivers have sponsors so the ? is does the sponsorhsip $ go to the driver, team, etc. and what % to each if any.  Lots of factors and moving parts, but generally speaking 40-50% was the normal set up. 



Eric Smith
November 07, 2018 at 02:42:33 PM
Joined: 11/29/2011
Posts: 244
Reply
Reply to:
Posted By: J&J on November 06 2018 at 11:32:04 PM

Not sure how much CJB has spent or what their budget is, but yesterday I listened to an interview with Bobbi on FB and says Jason was very good with having a spread sheet and that the past few years they spent around 436,000.00 to run the series.

She predicts that she will be spending around 600,000.00 this season with paying a driver rather than putting the earnings back into the team



Where can I find the interview?  I like to listen to racing stuff.


.  


Nick14
November 07, 2018 at 03:07:05 PM
Joined: 06/04/2012
Posts: 1737
Reply
Reply to:
Posted By: Nickules on November 07 2018 at 11:50:36 AM

I'm with Ryan here as I know it's always been in the 40-50% realm.  There are SO many factors to figure out as well.  Some drivers have sponsors so the ? is does the sponsorhsip $ go to the driver, team, etc. and what % to each if any.  Lots of factors and moving parts, but generally speaking 40-50% was the normal set up. 



I'm sure there are a ton a different ways teams and drivers use to compensate each other. Whether its a driver having a sponsor with them so they take less of a % of the winnings, possibly a driver paying an owner per race and taking all the winnings, or possibly cutting a big check at the beginning of the year for all the winnings. Whether this comes out of the racers pocket or most likely a sponsor's pocket changes the time. I have heard of both situations happening as well as a higher % due to brining equipment such as engines to the table.

It will probably take about another month before teams/drivers can get a budget. Right now is the time when people interested in sponsoring drivers/teams will be getting with their CPA's to see how much more money they need to spend in order to avoid not getting taxed without anything to show for it. At this point, they will be told you can either spend/invest $XXXX into your company whether it is in materials, infastructure, labor, or advertising. If they are sprint car fans they may just hand a team or driver a check before 12/31/2018 for them to use for advertising the next year.



linbob
November 07, 2018 at 04:15:10 PM
Joined: 03/12/2011
Posts: 1655
Reply
Reply to:
Posted By: SAF92 on November 07 2018 at 06:47:01 AM

I've always been under the impression the "base" pay is around 30% while top tier drivers make 40-50%. Would love someone with more insight to comment...



I was once told that normal was 40% with some owners paying 50% if they won the feature.  Also heard  of one team that paid 33 1/3 %.  He said would you rather make 33% of purse that car can win every night or 40% of a car that can make $300 to $600 a night.  I also  heard Bobby Allen say 15% and rest goes to keeping team going.  We also have to remember that sponsorship is in shorter supply now than it used to be  and maybe teams have to cut back on driver percent.  I think we would also be shocked on how little the non big name NASCAR drivers are paid.



J&J
November 07, 2018 at 09:10:50 PM
Joined: 08/17/2012
Posts: 289
Reply
Reply to:
Posted By: EasyE on November 07 2018 at 05:10:20 AM

WOW. Didn' expect a drivers salary to be so high I always wondered what thier salary was



This is not the drivers salary, it’s the budget to run the team for a full season according to interview  that was live on fb




J&J
November 07, 2018 at 09:20:09 PM
Joined: 08/17/2012
Posts: 289
Reply
Reply to:
Posted By: Eric Smith on November 07 2018 at 02:42:33 PM

Where can I find the interview?  I like to listen to racing stuff.



John Clark shared on FB along with Bobbi Johnson 



alum.427
November 08, 2018 at 11:28:28 AM
Joined: 03/16/2017
Posts: 1603
Reply

Today, some guys get a base salary and a % if they are top ten and it goes up for xtop 5.TSR racing. Donny Shatz and Ricky Warner , reportedly get a salary and a bonus at the end of the year. Remember some drivers are bringing sponsors to the seat, and in doing so there % is not the same. 



blazer00
November 08, 2018 at 01:16:25 PM
Joined: 06/10/2015
Posts: 2420
Reply

So when a fresh young gun brings a bunch of his family fortune to the ride, or personal sponsrships, how does he get paid? Seems to me he's paying himself and betting on the future and hoping another youngster with more family fortune doesn't come along.




racefanigan
November 08, 2018 at 02:05:19 PM
Joined: 07/31/2007
Posts: 230
Reply

It really depends on the situation, and is a case by case basis. Most all drivers take a percentage of winnings to an extent. Some drivers that bring sponsor ship will say hey, I have $500k available in sponsorship dollars, Ill give this team $300K and take 25% of what the car makes, some guys dont have that luxury, and it takes every dime they get in sponsorship to keep them in a car, so they may get more of a percentage, say 40%. It is unusual to see a driver take home more than 40% unless they win. Some rides require nothing to be brought to the table to drive it, I know because I worked for one like that.

Bottom line, some require the driver to bring funding, some don't. Some sponsors "Exclusively" sponsor the driver, some sponsor the driver and fund the car, but 99% of the time most professional traveling drivers will take some sort of compensation from the team, whether that be percentage of the winnings, or a salary, or what have you, even if they pay to be in the car. 



ryanhunsinger
November 08, 2018 at 02:09:07 PM
Joined: 12/10/2016
Posts: 149
Reply

The reality is that there are very few paid rides left. WoO is the premier sprint car series in the world and this season you had 6 real paid rides (2xKKR,TSR,KLR,CJB,and the Stenhouse car) and 5 of them are teams owned by cup guys who can leverage their names to get funding for their sprint cars (and even KKR struggled with 1). Without them you had 1 standalone team and that’s the 5 car. The rest were family owned with family drivers. To me that’s not a good sign because it shows that it’s absolutely impossible to field a team without spending a fortune of your own money every year. The purses really have to get better and the WoO needs to figure out how to help these teams get better sponsorship.



HoldenCaulfield
November 08, 2018 at 05:36:34 PM
Joined: 03/22/2008
Posts: 2441
Reply

Always heard that the standard was 30% (40% for a win) for hired guns but I'm sure teams would pay more for a top tier driver but OTOH, with way less full time rides available it may mean lower % for all but the top rides. CJB is the team that spent a lot of money($80,000 is the number I heard if memory serves) for a motor with a machined engine block (instead of cast) over a decade ago when Rahmer was in the car. The motor worked! I was at the Grove the night he ran it and he was able to blow by good cars down the long straights like they were sitting still. Motor was banned a week later. Safe to say this team will spare no expense. 


A


linbob
November 08, 2018 at 05:42:21 PM
Joined: 03/12/2011
Posts: 1655
Reply
Reply to:
Posted By: racefanigan on November 08 2018 at 02:05:19 PM

It really depends on the situation, and is a case by case basis. Most all drivers take a percentage of winnings to an extent. Some drivers that bring sponsor ship will say hey, I have $500k available in sponsorship dollars, Ill give this team $300K and take 25% of what the car makes, some guys dont have that luxury, and it takes every dime they get in sponsorship to keep them in a car, so they may get more of a percentage, say 40%. It is unusual to see a driver take home more than 40% unless they win. Some rides require nothing to be brought to the table to drive it, I know because I worked for one like that.

Bottom line, some require the driver to bring funding, some don't. Some sponsors "Exclusively" sponsor the driver, some sponsor the driver and fund the car, but 99% of the time most professional traveling drivers will take some sort of compensation from the team, whether that be percentage of the winnings, or a salary, or what have you, even if they pay to be in the car. 



I am sure no driver brings in $500 K sponsorship money and keeps 200K for him self.  I do not think there is that much sponsorship money around for a sprint car.



fiXXXer
November 08, 2018 at 05:46:41 PM
Joined: 10/26/2014
Posts: 2489
Reply
Reply to:
Posted By: HoldenCaulfield on November 08 2018 at 05:36:34 PM

Always heard that the standard was 30% (40% for a win) for hired guns but I'm sure teams would pay more for a top tier driver but OTOH, with way less full time rides available it may mean lower % for all but the top rides. CJB is the team that spent a lot of money($80,000 is the number I heard if memory serves) for a motor with a machined engine block (instead of cast) over a decade ago when Rahmer was in the car. The motor worked! I was at the Grove the night he ran it and he was able to blow by good cars down the long straights like they were sitting still. Motor was banned a week later. Safe to say this team will spare no expense. 



I think the one you're thinking of was when he drove for Joe Harz (2004 I think). It was very controversial to say the least. As you said, it didn't take long at all before it was banned but he was unbeatable for the short time he had it.



HoldenCaulfield
November 08, 2018 at 06:03:14 PM
Joined: 03/22/2008
Posts: 2441
Reply
Reply to:
Posted By: fiXXXer on November 08 2018 at 05:46:41 PM

I think the one you're thinking of was when he drove for Joe Harz (2004 I think). It was very controversial to say the least. As you said, it didn't take long at all before it was banned but he was unbeatable for the short time he had it.



I was thinking it was CJB but it may have been Harz, my memory isn't the sharpest these days. 


A


RodinCanada
MyWebsite
November 08, 2018 at 10:47:58 PM
Joined: 07/24/2016
Posts: 1726
Reply

What does CJB stand for? Is this a family that owns the team?


Even though I may not know you, I 
care what most of you think!

Johnny Utah
November 09, 2018 at 06:36:15 AM
Joined: 07/15/2014
Posts: 1227
Reply
Reply to:
Posted By: RodinCanada on November 08 2018 at 10:47:58 PM

What does CJB stand for? Is this a family that owns the team?



Yeah. First initials of the family that owns the team. Chad, Jenn, and... ? Either way, you get the idea.



racefanigan
November 09, 2018 at 08:34:56 AM
Joined: 07/31/2007
Posts: 230
Reply
Reply to:
Posted By: linbob on November 08 2018 at 05:42:21 PM

I am sure no driver brings in $500 K sponsorship money and keeps 200K for him self.  I do not think there is that much sponsorship money around for a sprint car.



The $500k number is just a number, whether that number be $100k, $200k etc is irrelavent. I know there are people that do that, a lot of the drivers that do have the mindset of, "well, I need to protect myself and my family if we have a bad year or I get let go."

What I should have said, is also that a lot of sponsorships might not be on a year to year basis, a lot of big time sponsorships are on a contract over a period of time, just as Greg Wilson stating at the banquet that Hurcules Tires just signed for a 3 year deal. I am sure a 3 year deal for a team on tour is in the range of $500k. (I know, before we get crucified here I know that he is no longer full time, but I think he will still run 60-75% of the amount of races that the outlaws run a year, whether they all be with the outlaws or a true outlaw schedule.) Hell if a guy is sponsoring a WoO team 2 motors for 1 year, According to Kelly with Wesmar's numbers, 2 WoO motors would be $150k at $75K each, then gotta plan on a $15k freshen on each at some point through the year. that puts you in the $180K range just for two motors for one year. 

Just to clarify, I am not saying you are wrong, just trying to shed a different perspective. No, there is likely not a sponsor that puts out $500K per year besides the owners themselves. But there likely are $500K sponsorship contracts in sprint car racing, and if a drive IS taking some of the sponsorship money to protect himself, they are likely taking a decent chunk. Not saying half, but probably 20%.

The rality of all this is though, that now days nobody knows what the real story is behind a sponsorship. Now days, with WoO being so (Nascar Owned) I will call it, its not like a lot of those drivers are out getting their own sponsors anymore. Shane likely didnt get Chevy Accessories on board with KLR, and Daryn likely didn't get Ionomy and Off Road Heat on board himself. I say likely, because anything is possible. My thoughts and what I have seen with my friends that are drivers, were guys that hit it hard and hustled their own sponsors, to bring monry to the team. That may be where the difference lies today.

Either way, it is an interesting concept to have a conversation about. See, not everyone in this board is an asshole! 




zippy2212
November 09, 2018 at 09:19:33 AM
Joined: 11/16/2015
Posts: 7
Reply
Reply to:
Posted By: Johnny Utah on November 09 2018 at 06:36:15 AM

Yeah. First initials of the family that owns the team. Chad, Jenn, and... ? Either way, you get the idea.



Not 100% sure but I'm thinking it's for Barry.  Barry Jackson is the crew chief and pretty much runs the show from what I understand. 



straight shooter
November 09, 2018 at 10:11:13 AM
Joined: 03/21/2010
Posts: 310
Reply
Reply to:
Posted By: zippy2212 on November 09 2018 at 09:19:33 AM

Not 100% sure but I'm thinking it's for Barry.  Barry Jackson is the crew chief and pretty much runs the show from what I understand. 



Pretty sure that CJB stands for the first names of the kids, not Chad & Jen. I forget their names.

 





Post Reply
You must be logged in to Post a Message.
Not a member register Here.
Already registered? Please Login





If you have a website and would like to set up a forum here at HoseHeadForums.com
please contact us by using the contact link at the top of the page.

© 2024 HoseHeadForums.com Privacy Policy