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Upon Further Review: Where will a second Vegas race come from for SMI?

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After years of teasing, pleading and politicking, Las Vegas Motor Speedway is on its way to hosting a second NASCAR Cup race in 2018.

Las Vegas Motor Speedway has scheduled a press conference for 5:30 p.m. ET Wednesday to make a “special announcement.’’ The press conference will be held 30 minutes after the board of directors of the Las Vegas Convention and Visitors Authority meets to approve a sponsorship agreement that would pay the track $2.5 million a year for seven years to promote two Cup races at Las Vegas Motor Speedway.

This isn’t the first time the Las Vegas Convention and Visitors Authority, funded by a hotel room tax, has sought to be involved in a second Cup race at Las Vegas. The Las Vegas Review-Journal reported in 2010 that the Convention and Visitors Authority was offering between $5-$8 million then to help land a second Cup date.

The track has hosted one Cup race a year since 1998, but Bruton Smith, founder and executive chairman of Speedway Motorsports, Inc., which owns the track, has exhorted NASCAR for years for a second date at Las Vegas and to host the season finale. He’s also used the threat of moving a race date from one of his tracks to Las Vegas to leverage local governments for better deals.

Marcus Smith, chief executive officer and president of SMI, told reporters Sunday at Atlanta that he’s heartened by the interest in Las Vegas for a second Cup date.

“We love the support we get out of Las Vegas,” Smith said. “I think the fans love it. It’s a great track for us. When we see that the community is supportive of racing there, it’s definitely encouraging to us.”

What’s encouraging is the potential financial windfall. The Las Vegas Convention and Visitors Authority states the 2016 Cup race drew more than 114,000 fans with about 96,000 coming from out of town. That generated $138 million in economic impact for the community.

OK, if Las Vegas gets a second date, where is it coming from?

Don’t expect the NASCAR schedule to add a race. That means a track will have to lose a date.

SMI likely will move a date from one of its tracks to Las Vegas instead of purchasing a race date.

SMI’s most recent track purchase was in 2008 when it bought Kentucky Speedway for $78.3 million. SMI paid $15 million in cash and assumed $63.3 million debt. That was for a track that didn’t have a Cup date.

The only candidates to purchase a race date from would be Indianapolis, Pocono and Dover. None has given any indication of selling. The other Cup race dates are owned by International Speedway Corp.

With this just the third year of a 10-year TV contract, no track should look to sell.

Dover’s annual report states it received $30.9 million in broadcasting revenue for its two Cup, two Xfinity and one Truck race in 2016. That means it received about $14 million per Cup race in broadcasting revenues, which increase about 3 percent annually, before paying its purse. Tracks keep 65 percent of the TV money paid (25 percent goes to teams and 10 percent to NASCAR). With seven years left on the TV contract, that would equate to about $80 million in broadcasting revenue for one Cup event after purse payments. SMI isn’t likely to pay that when it can move a date from one of its tracks.

Also, Matthew Brooks, a securities analyst for Macquarie Securities says that if SMI wanted to purchase a race date or track, International Speedway Corp., would likely outbid it.

“If (SMI) was able to do a deal to get a track or date from someone else, I think, with a much better balance sheet, (ISC) would come in there and say, ‘I’ll give you $10 million more or some number … and I’ll take it,’ ’’ Brooks told NBC Sports. “(ISC) is in a much better position to outbid (SMI) because they have a balance sheet that is net cash, their cash is bigger than their debt.’’

Macquarie Securities also downgraded SMI’s stock on March 3 from neutral to underperform. Brooks said Macquarie Securities values SMI’s stock at about $16 a share. SMI’s stock was priced at $19.17 a share after Tuesday’s trading (ISC’s stock was valued at $35.88 a share at the end of Tuesday).

Brooks cited the declining admissions revenue as a reason for the stock downgrade. SMI reported that admission revenue declined 10 percent in 2016 but noted in a conference call with investor analysts March 1 that eight of its 13 Cup weekends were negatively impacted by weather.

“You can’t have drops that big constantly just because of rain or whatever,’’ Brooks said. “It just signals something wrong with the business.’’

If purchasing a race date isn’t likely, that leaves moving a date from a track SMI owns.

SMI won’t take a date away from Texas (being repaved and major TV market), Sonoma (diversity in schedule with road course), Kentucky (repaved last year and additional layer of asphalt added since) and Bristol (has invested much into facility). That leaves Atlanta, Charlotte and New Hampshire.

Provided SMI goes through with repaving Atlanta — a decision is expected this week — it won’t spend millions on such a project and then abandon the facility.

That leaves Charlotte and New Hampshire.

The Coca-Cola 600 isn’t going off its Memorial Day weekend spot at Charlotte. That leaves the fall race. That is expected to feature parts of the oval and infield road course in 2018, giving the playoffs its only road course. SMI will complete upgrades and construction to the road course this year.

With the work being put into road course, that date isn’t moving.

The only option would be the All-Star Race, but that’s a midyear event and who wants to be outdoors in Las Vegas then? The average high in May is 89 degrees. The average high there from June to August is above 98 degrees.

That leaves New Hampshire.

New Hampshire Motor Speedway had its July Cup race run without a sponsor last year and has yet to announce a sponsor for either Cup race this year. 

Marcus Smith mentioned in the call with investor analysts March 1 that SMI plans to “repurpose” seating areas at Charlotte, Kentucky and New Hampshire in the first quarter of this year. An SMI spokesperson told NBC Sports that overall capacities for each track won’t change, but details on such fan enhancements will come at a later date.

New Hampshire Motor Speedway has one of the smaller seating capacities of the SMI tracks. Sonoma (47,000), Atlanta (70,000) and Charlotte (86,000) have smaller capacities than New Hampshire (89,000), according to SMI’s 2015 annual report.

Even with that capacity, swaths of empty seats have been prevalent in recent years at New Hampshire. While the Las Vegas Convention and Visitors Authority is investing in Las Vegas Motor Speedway, such investment is not as readily available for New Hampshire Motor Speedway. Bruton Smith also has wanted the state to widen the highway that leads to the track for years.

The bottom line is that it will come down to money. There is money in Las Vegas for a second Cup date. If there is more there than at another track, then it is time for SMI to make a change and put another Cup race in the desert.

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Cup playoff clinching scenarios to make Round of 12

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The first elimination race of the Cup playoffs has arrived in the form of Bristol Motor Speedway.

Tonight’s 500-lap race on the short track will determine which drivers make up the Round of 12.

Three drivers have locked themselves into the second round. Kevin Harvick and Brad Keselowski earned their spots via race wins at Darlington and Richmond. Denny Hamlin clinched a spot via points.

More: Brad Keselowski on pole for Bristol

That leaves nine spots for 13 drivers to compete for.

If there is a new winner, the following drivers could clinch by being ahead of the 10th winless driver in the standings.

Joey Logano – would clinch with 7 points: 51 points ahead of the Round of 12 cutoff. Logano has finished third in the last two playoff races (at Darlington and Richmond). Has made 23 starts at Bristol posting one pole, two wins, six top fives and 10 top 10s. Logano’s average finish is 15.3.

Martin Truex Jr. – would clinch with 20 points: 38 points ahead of the Round of 12 cutoff. Earned 22nd-place finish at Darlington and second-place finish at Richmond. Has made 29 series starts at Bristol posting two top fives and three top 10s. His average finish is 20.6.

Austin Dillon – would clinch with 21 points: 36 points ahead of the Round of 12 cutoff. Dillion has a runner-up finish at Darlington and a fourth-place result last weekend at Richmond. Has 13 starts at Bristol posting one top five and three top 10s. His average finish is 17.3.

Chase Elliott – Would clinch with 30 points: 28 points ahead of the Round of 12 cutoff. Elliott finished 20th at Darlington and fifth at Richmond. Has made nine starts at Bristol and has one pole, three top fives and four top 10s. Average finish is 12.6.

Alex Bowman – would clinch with 31 points: 27 points ahead of the Round of 12 cutoff. Bowman placed sixth at Darlington and ninth at Richmond. Has made nine series starts at Bristol with one top five and two top 10s. His average finish is 22.6.

Kyle Busch – would clinch with 40 points: Just 18 points ahead of the Round of 12 cutoff. Has seventh-place finish at Darlington and a sixth-place finish at Richmond. Has made 30 Cup starts at Bristol posting two poles and a series-leading eight wins among active drivers.

Aric Almirola – would clinch with 51 points: Seven points ahead of the Round of 12 cutoff. Finished ninth at Darlington and eighth at Richmond. Has made 22 starts at Bristol with one top five and two top 10s. His average finish is 25.0.

Kurt Busch – would clinch with 51 points: Seven points ahead of the cutoff sport. Almirola holds the tiebreaker of best finish in the current playoff round. Busch has finished eighth at Darlington and 13th at Richmond. Has 39 Cup starts at Bristol with one pole, six wins, 12 top fives and 21 top 10s. Average finish is 14th.

Clint Bowyer – would clinch with 55 points: Three points over cutoff. Finished 10th at Darlington and Richmond. Bowyer has made 29 Cup starts at Bristol with eight top fives and 16 top 10s. Average finish is 13.6.

William Byron (-3 points from cutoff; would need help to clinch): Finished fifth at Darlington and 21st at Richmond. Five Cup starts at Bristol with one top 10. Average finish of 17.2.

Cole Custer (-8 points; would need help to clinch): Finished 12th at Darlington and 14th at Richmond. Finished 25th in lone Bristol Cup start.

Matt DiBenedetto (-25 points; would need help to clinch): Finished 21st at Darlington and 17th at Richmond. Eleven Cup starts at Bristol with one top five and one top 10. Average finish of 19.1.

Ryan Blaney
Ryan Blaney is last on the 16 driver playoff grid heading into Bristol. (Photo by Jared C. Tilton/Getty Images)

Ryan Blaney (-27 points; would need help to clinch): Finished 24th at Darlington and 19th at Richmond. Ten Cup starts at Bristol with one top five and three other top 10s. Average finish of 20.7.

More: Blaney and DiBenedetto seek history to advance to second round

Should there be a repeat winner Saturday – Harvick or Keselowski – the following drivers would advance to the next round by being ahead of the 11th winless driver in the standings.

Joey Logano: Would clinch with 4 points

Martin Truex Jr.: Would clinch with 17 points

Austin Dillon: Would clinch with 18 points

Chase Elliott: Would clinch with 27 points

Alex Bowman: Would clinch with 28 points

Kyle Busch: Would clinch with 37 points

Aric Almirola: Would clinch with 48 points

Kurt Busch: Would clinch with 48 points

Clint Bowyer: Would clinch with 52 points

William Byron: Would clinch with 55 points

Cole Custer, Matt DiBenedetto and Ryan Blaney: Could only clinch with help

Xfinity race results, point standings after Bristol

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Chase Briscoe led the final six laps and won Friday night’s Xfinity Series race at Bristol for his seventh win of the season.

Briscoe beat Ross Chastain for the win. The top five was completed by Austin Cindric, Harrison Burton and Justin Allgaier.

Click here for the race results.

Playoff standings

The 12-driver field for the playoffs has been set with Briscoe’s win in the regular-season finale.

Brandon Brown placed 12th and clinched the 12th and final spot.

Here are the re-seeded point standings entering the playoffs.

Chase Briscoe – 2,050 points

Austin Cindric – 2,050

Justin Allgaier – 2,033

Noah Gragson – 2,025

Brandon Jones – 2,020

Justin Haley – 2,018

Harrison Burton – 2,014

Ross Chastain – 2,010

Ryan Sieg – 2,002

Michael Annett – 2,002

Riley Herbst – 2,001

Brandon Brown – 2,000

Click here for the re-seeded standings.

Click here for the normal point standings.

Chase Briscoe wins Xfinity race at Bristol Motor Speedway

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Chase Briscoe took the lead with six laps to go and won Friday night’s Xfinity Series race at Bristol Motor Speedway, which marked the end of the regular season.

Briscoe passed Austin Cindric to assume the lead and went unchallenged to the checkered flag. The victory is his series-leading seventh of the season.

“I was so mad after last week (at Richmond),” Briscoe told NBCSN. “I told all the guys there ain’t no way we’re getting beat today. I was so mad after how we ran last week and I get on the internet all the time and see guys count us out after one bad race and I know what this team is capable. … I finished second here the last two races and I wanted to win here so bad and it’s awesome that I can actually celebrate it with all these race fans.”

The top five was completed by Ross Chastain, Cindric, Harrison Burton and Justin Allgaier.

More: Race results, playoff standings

Allgaier dominated the early portion of the race, leading 126 laps and winning the first two stages. But he lost the lead for good in the pits during the Stage 2 break.

Brandon Brown finished 12th and clinched the 12th and final playoff spot.

STAGE 1 WINNER: Justin Allgaier

STAGE 2 WINNER: Justin Allgaier

WHO HAD A GOOD RACE: Ross Chastain led three times for 117 laps, but had to settle for his fifth runner-up finish of the season without a win … Austin Cindric earned his 13th top-10 finish in the last 14 races … Harrison Burton earned his 13th top five of the season.

WHO HAD A BAD RACE: Brett Moffitt finished 27th after he had to pit three times in the opening laps and was penalized for taking fuel before the competition caution … BJ McLeod finished 34th after he was eliminated in a multi-car wreck that began when he made contact with teammate Jeffrey EarnhardtMichael Annett finished 31st and Joe Graf Jr. placed 27th after they were involved in an incident on Lap 120.

QUOTE OF THE RACE: “I hit pit road and I wanted to cry.” – Ross Chastain after he finished second for the fifth time this year. He is winless entering the playoffs.

WHAT’S NEXT: The Xfinity playoffs open at Las Vegas Motor Speedway at 7:30 p.m. ET on Sept. 26 on NBCSN.

 

Fans not allowed at Las Vegas races

Fans not allowed
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Spectators will be not be allowed for any of the NASCAR playoff races next weekend at Las Vegas Motor Speedway, the track announced Friday night.

A press release said only essential personnel will be allowed to attend the Cup, Xfinity and Truck playoff races there.

“To say we’re disappointed that we will conduct the South Point 400 playoff weekend without fans would be a gross understatement,” said Las Vegas Motor Speedway President Chris Powell. “Our staff has been working – many of them remotely – since the February Pennzoil 400 to prepare the speedway for our playoff tripleheader.

“But we must adhere to Nevada Gov. Steve Sisolak’s directive that limits gatherings due to COVID-19.  While we disagree with this policy, we have no choice but to oblige.  We certainly regret this situation for the thousands of race fans who won’t be able to attend our NASCAR-weekend events.”

Nevada’s re-opening plan does not permit fans at sporting events, concerts. Groups are limited to 50 or fewer people.

The Las Vegas Raiders announced last month that they would not have fans at any of the team’s home games in its inaugural season there.

The Truck playoff race will be at 9 p.m. ET Sept. 25 on FS1. The Xfinity playoff opener will be at  7:30 p.m. ET Sept. 26 on NBCSN. The Cup playoff race will be 7 p.m. ET Sept. 27 on NBCSN.

Fans holding tickets for those events will be contacted by the speedway ticket services department to discuss credits for future races or refunds.