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re: 2024 NASCAR Season Thread - 2024-25 Offseason
Posted on 10/3/24 at 10:33 am to InkStainedWretch
Posted on 10/3/24 at 10:33 am to InkStainedWretch
100 million is less than 3 million per car, with 36 cars each race. Pretty poor return.
1
Posted on 10/3/24 at 10:44 am to InkStainedWretch
quote:
As per a tweet by Bob Pockrass, Curtis Polk of 23XI estimates the teams receive about $100 million from $3 billion in annual total revenue for NASCAR.
F1 generated $3.2 billion in revenue in 2023 and teams got around 45% in prize money.
Posted on 10/3/24 at 10:45 am to FightinTigersDammit
That’s an extremely low number. If the numbers of $18 million to put a car on the track for the year is true, that’s less than 20% of the cost. That’s a lot of asking for teams to make up the difference. No doubt NASCAR can do better.
People don’t tune into nascar for the people who run it. They tune in for the drivers/teams. NASCAR needs to invest more into the teams.
People don’t tune into nascar for the people who run it. They tune in for the drivers/teams. NASCAR needs to invest more into the teams.
Posted on 10/3/24 at 10:51 am to Diseasefreeforall
Compared to F1, NASCAR teams are getting crumbs
Posted on 10/3/24 at 11:58 am to pdubya76
Where it could get tricky is all the tracks Nascar owns. Meaning that shits Indycar out of most. So they may end up having to give up tracks.
And, they control the cars. I guess thats like NFL controls the teams regarding rules. But can Nascar control the specs? NFL doesn’t control the players they only have rules about conduct and eligibility for most part. Refs rule the games but each team can decide on construction of team. The caps tell them how much can spend.
So that will be the interesting part. If teams wrest away Nascar dictating cars then teams would have to decide. Or maybe Nascar can have generic car rules but teams would build based on basic rules? Currently teams use many Nascar parts
And, they control the cars. I guess thats like NFL controls the teams regarding rules. But can Nascar control the specs? NFL doesn’t control the players they only have rules about conduct and eligibility for most part. Refs rule the games but each team can decide on construction of team. The caps tell them how much can spend.
So that will be the interesting part. If teams wrest away Nascar dictating cars then teams would have to decide. Or maybe Nascar can have generic car rules but teams would build based on basic rules? Currently teams use many Nascar parts
This post was edited on 10/3/24 at 12:00 pm
Posted on 10/3/24 at 12:03 pm to OU Guy
Those single source parts always struck me as a bad deal. That tends to drive up costs.
Posted on 10/3/24 at 12:07 pm to FightinTigersDammit
That could get sticky. Nascar forces teams to use/buy their supplied parts and inspects for seal tampering. F1 has rigid specs too so I guess its ok to have spec rules but where Nascar gets it wrong is making/selling actual parts. They need to tell teams specs but let teams make parts within those spec rules.
Posted on 10/3/24 at 12:11 pm to InkStainedWretch
quote:
Curtis Polk of 23XI
There’s a credible source.
These guys aren’t owning private jets if all the teams combined are only bringing in $100mm.
I know a lot of you are constitutional law experts, so how is nascar stifling competition? The teams could band together and start their own league. They don’t have to use nascar tracks.
Comparing it to NIL seems a reach.
Bottom line is that they want what they don’t have. I think their arguments are typical of a society moving to socialism.
That said frick NASCAR and the France’s too. Incompetents.
Posted on 10/3/24 at 12:13 pm to OU Guy
quote:
Basically, they want DEI favors -
Posted on 10/3/24 at 12:15 pm to OU Guy
quote:
There is zero doubt in my mind they will settle but that might take a few years and make penalties against these teams interesting.
One thing Nascar does not want to do is open their books. But there will be some punches thrown each way first. And if any TV agreements come due while litigating they may have pause to invest/extend until settled.
And you never know, the 3rd gen of France family may just cash out and sell the whole thing to MJ or someone else. I know its a declining sport based on how its being run and the clown car. They need less rules and more innovation. Cars are too closely spec’d now and it makes racing boring other than manufactured plate races.
On this we're in total agreement.
Posted on 10/3/24 at 12:15 pm to Tigertown in ATL
The teams are only getting 100 million of the three Billion that NASCAR brings in. At the NASCAR-owned tracks, NASCAR gets 75 percent of the TV money, the teams split the other 25 percent.
Posted on 10/3/24 at 12:27 pm to FightinTigersDammit
quote:
The teams are only getting 100 million of the three Billion that NASCAR brings in. At the NASCAR-owned tracks, NASCAR gets 75 percent of the TV money, the teams split the other 25 percent.
The teams can band together and strike. But they tried that decades ago and it did not pan out. Nascar can just bring in other teams/cars. Which proves its not a monopoly when anyone can form a team and enter Nascar races. Or you could form a team and enter Indy car. Or thousands of races that go on all over the country every month.
I really try to see how they win this lawsuit. I could see the track ownership being forced to sell. And maybe parts supplier changed from Nascar actually handing parts to teams.
Posted on 10/3/24 at 12:31 pm to Tigertown in ATL
I compared it to NIL only in the sense of the courts messing with a private, voluntary organization. And the fact that the same lawyer is involved.
Posted on 10/3/24 at 12:33 pm to OU Guy
quote:
That could get sticky. Nascar forces teams to use/buy their supplied parts and inspects for seal tampering. F1 has rigid specs too so I guess its ok to have spec rules but where Nascar gets it wrong is making/selling actual parts. They need to tell teams specs but let teams make parts within those spec rules.
This …
This post was edited on 10/3/24 at 12:34 pm
Posted on 10/3/24 at 1:19 pm to OU Guy
The track ownership is a big issue. You couldn’t start a rival stock car series to nascar because you couldn’t put together enough asphalt oval tracks (that aren’t little county short tracks). I feel like the fact nascar bought tracks and doesn’t even race them (or sold them on the condition of not being used for racing like Pikes Peak Speedway) makes it even worse.
Now maybe the court doesn’t make the distinction in track type, but that’s what stock car racing is in this country and since nascar bought up all the tracks a CART split (1979 from USAC edition) type situation isn’t really possible.
Now maybe the court doesn’t make the distinction in track type, but that’s what stock car racing is in this country and since nascar bought up all the tracks a CART split (1979 from USAC edition) type situation isn’t really possible.
Posted on 10/3/24 at 1:23 pm to Cocotheape
You would have to use a lot of road courses if you set up a rival circuit.
Posted on 10/3/24 at 1:27 pm to FightinTigersDammit
quote:
You would have to use a lot of road courses if you set up a rival circuit.
Basically where IndyCar is right now, the traditional fan base asks for more ovals but the opportunities are very limited.
Posted on 10/3/24 at 1:35 pm to Cocotheape
There aren't many ovals NASCAR doesn't have tied up. Maybe the Milwaukee Mile.
Dies NASCAR race at Iowa?
Dies NASCAR race at Iowa?
Posted on 10/3/24 at 1:40 pm to FightinTigersDammit
Yes, Iowa on the nascar calendar this past year. NASCAR owns the track, if I remember correctly it took some persuasion from RP to get nascar to let them race there again after the track dropped IndyCar in 2021.
Posted on 10/3/24 at 1:41 pm to Cocotheape
Nazareth was a Penske track, so that's probably out.
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